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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