No. of Recommendations: 2
Incidentally Progress Energy is itself the merger of two utilities.

I remember that...Carolina Power & Light merged with Florida Progress.

Another merger taking place is NSTAR being acquired by Northeast Utilities...and both of those have done deals in the past.

I think that Jack is right...we are going to see more of these deals in 2011 and that's probably a good thing. The larger combines may be able to do a better job of updating the grids and managing the power plants. We may also see some divestitures (like Spectra) in order to please the regulators.
Print the post  


Motley Fool Income Investor
Are you a dividend-savvy investor? Check out our Income Investor newsletter.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.