Merger will create energy giant

The proposed merger between Cinergy and Duke Energy (which still has to be approved by regulators) will create an energy company with assets of over $70 billion and over 5.4 million retail customers – 3.7 million electricity and 1.7 million gas.

The new company will be called Duke Energy Corporation, and it will operate over a large part of the US, as well as in Canada and other international locations, mainly in Latin America. /