State regulators wrapped up a two-day public hearing in Raleigh Tuesday afternoon on the proposed merger of Duke Energy and Piedmont Natural Gas. The two-day hearing included testimony from company leaders and a protest by merger opponents.

Executives including CEOs Lynn Good of Duke and Thomas Skains of Piedmont argued the $6.7 billion deal would create a stronger company and speed Duke's shift toward cleaner-burning natural gas.

A public hearing starts Monday in Raleigh on Duke Energy's planned acquisition of Piedmont Natural Gas. Approval by the North Carolina Utilities Commission is the deal's final hurdle. 

Duke announced last October it was buying Piedmont for $6.7 billion. That includes $4.9 billion in cash and taking over $1.8 billion in Piedmont debt. Piedmont has two things Duke wants:  

Slew Of Mergers Not Unique To Charlotte

Sep 10, 2014
Jeremy Brooks

The discount chain Dollar General officially launched a hostile takeover bid for Matthews-based rival Family Dollar today. Ten miles up the road, banana giant Chiquita signed an agreement to open its books to Cutrale-Safra—a collaboration of Brazilian companies—which threatened a hostile takeover. The merger battles are part of a larger, post-recession economic trend.

Airline Merger Creates Few Immediate Changes At CLT

Dec 9, 2013
Mark Harkin / Flickr

US Airways and American Airlines officially merged Monday to create the world’s largest airline. Charlotte’s airport, a current US Airways hub, will become the second-busiest in the new airline’s network but customers and employees are not expected to see immediate changes.

Nicola since 1972 / Flickr

Charlotte's airport will remain a major hub for U.S. Airways for at least three years after the company merges with American Airlines. That's part of a settlement the airlines reached with the Justice Department and state attorneys general today, which had sued to block the merger.

Attorneys for US Airways and American Airlines say they won't make the first move to settle a lawsuit filed Wednesday by the U.S. Department of Justice attempting to block the airlines from merging.

The Justice Department contends the merger will make it easier for the remaining mega-airlines – Delta, United and American – to cooperate on prices, rather than compete.  That means airfares will go up and service will decline, warns the lawsuit.  But an attorney for US Airways and American, Rich Parker, says the DOJ is "very wrong."

The merger of US Airways and American Airlines could have a greater impact than those airlines have previously stated, both on airline prices and on Charlotte’s status as a hub for US Airways traffic, according to a new government analysis of the merger.

Lynn Good Named Duke CEO

Jun 18, 2013
Duke CEO Lynn Good
Duke Energy

Duke Energy executive Lynn Good will replace long-time CEO Jim Rogers.

We knew Rogers would be leaving Duke. He's 65. And, state regulators made him promise to retire this year as part of a settlement to end the investigation into that surprise CEO switch when Duke merged with Progress.

Celebrating 45 Years With US Airways (Well, Sort Of)

Mar 22, 2013
Tasnim Shamma

These days, it's not that often that employees work for the same company for most if not all of their careers. Thursday night, US Airways celebrated employees who have done just that.

How The US Airways Merger Will Affect Charlotte

Feb 14, 2013

  The early indication is that Charlotte’s airport is safe in the just-announced merger of US Airways and American Airlines. The new American Airlines will be the world's largest, with a value of 11 billion dollars and an extensive network of destinations.

When merging, airlines combine operations, which means reducing duplicative routes and changing presences in airports. US Airways operates about 90 percent of flights in and out of Charlotte-Douglas every day—it is the airline’s largest hub.