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.
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