Fall 2004

Another Florida/North Carolina Utility Merger?

A few years back, we saw Raleigh-based Carolina Power & Light acquire St. Pete-based Florida Power to form Progress Energy. In the fall quarter, talks began that could set up another North Carolina/Florida utility merger. Officials with Duke Energy have been involved in talks with South Florida-based FPL Group, or the old Florida Power & Light. FPL has already pursued Entergy, an utility in western South states such as Louisiana, Texas and Arkansas, to no avail.

City, Municipal Team Up to Build Industrial Park

In what has been billed as the first industrial park in North Carolina designed for customers that need constant power supply, Electricities of North Carolina and the City of Albemarle have begun development of Prime Power Park. The industrial park will feature a 1.8 megawatt generator that will guarantee power to park tenants under emergency situations. Electricities is a nonprofit organization that represents municipal electric systems in North Carolina.