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Two big utility deals received a seal of approval from the Federal Energy Regulatory Commission on Thursday. FERC approved Duke Energy Corp.'s $9.1 billion plan to acquire Cinergy Corp., making it one of the largest utilities in the country, and also approved MidAmerican Energy Holdings Co.'s $5.1 billion deal to buy Scottish Power plc's PacifiCorp unit. Consumer advocates, however, are appalled at the ease with which the deals were approved, and state regulators have also raised concerns.
December 19, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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