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Duke now the largest electric power company in U.S.

Duke Energy Corporation Tuesday confirmed the closing of its previously announced merger with Progress Energy Inc., effective July 2, 2012.

The new company will be known as Duke Energy and will remain headquartered in Charlotte, with substantial operations in Raleigh, N.C. Duke Energy will trade on the New York Stock Exchange under the symbol DUK.

In accordance with the terms of the merger agreement, Progress Energy Inc. has become a wholly owned direct subsidiary of Duke Energy, creating the country’s largest electric utility as measured by enterprise value, market capitalization, generation assets, customers and numerous other criteria.


Despite the scorching temperature, enthusiastic Democrats came out in droves on Saturday afternoon to celebrate the grand opening of the new Macon County Democratic headquarters located in downtown Franklin. It was standing room only as Democrats gathered for fun, fellowship, and to prepare for the upcoming November elections.

Local Democrats surrounded the headquarters to listen to candidates and party leaders rally support for the upcoming election. Kayla Duvall, vice president of the Macon County Young Democrats, attended the opening in hopes of stirring up support from the county's youth.


Debate continues on education funding

Last Thursday, the North Carolina Legislature approved the final Republican-penned state government budget for next year. The proposed budget, which is currently being reviewed by Gov. Bev Perdue, doesn't call for an increase in taxes, but fails to fund public school to the extent for which Gov. Beverly Perdue and fellow Democrats have rallied.

Both the House and Senate held individual sessions to address their concerns on the budget, and after separate debates, members agreed and voted — 71-41 House vote and 30-15 Senate vote — for a $20.2 billion spending plan, which calls for adjustments to the second year of the two-year budget previously approved in 2011. The proposed budget can remain stagnant on Gov. Perdue's desk for up to 10 days, during which time she can decide whether to veto the bill, sign it or let it become law without her signature.


Bill makes its way past committee for the first time.

The initiative for ‘raising the age’ of juvenile jurisdiction in North Carolina is gaining steam as lawmakers in Raleigh have come out in support of it this legislative session. Currently, any person 16 years of age or older who commits a crime of any kind is charged as an adult in North Carolina courts—a nearly 100-year-old policy that has become the subject of national contention.

On June 20, House Judiciary Subcommittee A unanimously voted to approve a bipartisan- supported bill that would change the age at which adolescents are tried as adults.

Currently, North Carolina is one of only two states which automatically prosecutes all 16- and 17-yearolds as adults for any type of crime.


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