Energy News


Duke Energy Schedules Special Meeting for Aug. 23

Duke Energy Corp. (Duke Energy) and Progress Energy, Inc. (Progress Energy) have scheduled special meetings Tuesday, Aug. 23, for shareholders to vote on the companies’ proposed merger announced Jan. 10.

The companies mailed a joint proxy statement/prospectus to their respective shareholders on or about July 11, 2011. The document provides information for shareholders of both companies, as well as instructions on voting online, by mail, by telephone or in person.

  • Duke Energy will hold its shareholder meeting at 10 a.m. Aug. 23 in the O.J. Miller Auditorium at the company’s offices located at 526 South Church St. in Charlotte.
  • Progress Energy will hold its shareholder meeting at 11 a.m. Aug. 23 at the Progress Energy Center for the Performing Arts, 2 East South St. in Raleigh.

Each company’s shareholders of record as of the close of business July 5, 2011, are entitled to vote at their respective meeting. The boards of directors for both companies have unanimously recommended approval of the merger to their shareholders.

The companies announced their agreement to merge Jan. 10 and are pursuing required approvals from state and federal regulators. The companies continue to target the merger closing by the end of the year. If the merger is completed, Progress Energy will become a wholly owned subsidiary of Duke Energy, and the former shareholders of Progress Energy will become shareholders of Duke Energy.


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American Electric Power Declares Quarterly Dividend On Common Stock
- The Board of Directors of American Electric Power Co. declared on July 27, 2011 a regular quarterly cash dividend of 46 cents a share on the company’s common stock.
The dividend is payable Sept. 9, 2011, to shareholders of record as of Aug. 10, 2011, and is the company’s 405th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. For more information on Second Quarter Earnings click here.

Duke Energy

Duke Energy has declared a quarterly cash dividend on its common stock of $0.25 per share, an increase of a half-cent over the previous level. The dividend is payable on Sept. 16, 2011, to shareholders of record at the close of business Aug. 12, 2011. Duke Energy released its second quarter 2011 earnings results on Tuesday, Aug. 2.  A replay of the Aug. 2 conference call will be available until 2 p.m. ET, Aug. 12, 2011, by calling 888-203-1112 in the United States or 719-457-0820 outside the United States and using the code 2708091. A replay and transcript also will be available by accessing the investors' section of the company’s website.

The conference call can be accessed via the investors' section ( of Duke Energy’s website.


Vectren Corporation (NYSE: VVC) will...



The IUSA has relocated our office to downtown Indianapolis. We believe the new location will help us improve membership services while allowing better access to State elected officials. Please feel free to stop by and meet our new Executive Director, Matt Prine. Our new contact information is listed below. Indiana Utility Shareholders Association Symphony Centre 32 East Washington Street, Suite 1650 Indianapolis, IN 46204 Toll Free: 866-994-IUSA (4872) Fax: 317-822-9925 Local: 317-822-9920