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N.C. legislation lets cities close $1.2B sale of power-plant shares to Duke Energy

2015-04-03 01:32:39| Energy - Topix.net

N.C. Gov. Pat McCrory signed legislation today authorizing utilities in 32 eastern North Carolina cities and towns to sell their shares in four coal and nuclear plants to Duke Energy Progress for $1.2 billion. The sale will reduce the debt carried by the municipal utilities in the N.C. Eastern Municipal Power Authority and allow them to offer more competitive electricity rates.

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