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Reaction to Duke Energy, Progress Energy merger

What they are saying about the deal

"I see it as neutral (for the city), but a real win for Progress Energy. And if it's good for them, then it's good for us."

Bill Foster, St. Petersburg mayor

"True merger of equals and natural operational fit. … This is a solid deal that makes sense. Customers get the majority of the benefits, but shareholders are not left behind."

Lasan Johong, RBC Capital Markets Equity Research

"I think at the end of the day it will lead us to higher customer satisfaction levels."

Jim Rogers, chief executive of Duke Energy

"It's a good sign if Duke (Energy) was rated high by its customers. That's hopeful."

Suzan Franks, president of the Citizens for Ratepayers Rights

"I do not think anybody should be a monopoly," saying the merger is not good for consumers because it could lead to higher residential rates.

Bette Putnam of New Port Richey

"Big business is unmitigated greed. Too much is never enough," lamenting the decline in competition, despite potential efficiencies the merger is likely to have.

Fred Jacobsen of Apollo Beach

"You have to give them a year to see what they do," saying it's too early to judge Duke Energy at this point.

Gary Feifer of New Port Richey

"I truly believe rates will go up. People are having a hard time. They're going crazy will all these (mergers)."

Annie McCarter of St. Petersburg

Reaction to Duke Energy, Progress Energy merger 01/10/11 [Last modified: Tuesday, January 11, 2011 7:52am]
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