How Duke Energy plans to slash electricity prices with its $8.3 billion merger with Duke Energy: An overview

Duke Energy Corp., the nation’s largest utility, is preparing to merge its coal and natural gas operations with Duke’s power generation and transmission business to form the nation`s largest utility by revenue.

The proposed transaction, which is expected to close in the fourth quarter of 2019, would create a company with a $9.3 trillion market value, including coal and gas assets, according to people familiar with the matter.

The combined company would be a leader in energy-efficient energy and transmission, with its goal of reducing carbon dioxide emissions by 40 percent by 2030.

In a regulatory filing this week, Duke Energy said the combined entity would focus on “energy efficiency, carbon capture and storage and other advanced technologies” and that its “goal is to meet the climate change challenges of the future by 2030.”

The company said the merger will be completed in 2019.

The companies merged Duke Energy with a group of companies that includes Duke Energy’s coal-fired power plants, Duke’s natural gas-fired plants and Duke Energy subsidiaries.

The coal-and-gas businesses, which were already merged in 2009, are now valued at $1.2 trillion.

The deal will be announced Tuesday.

It is the second major merger Duke Energy has done in recent years.

In 2011, the merged company merged Duke and Duke’s coal plants with a combined entity that included Duke Energy`s natural gas and coal operations.

In 2015, the company merged two Duke subsidiaries, Duke Natural Gas Corp. and Duke Natural Resources Corp. to create the company.

Duke Energy also sold its coal assets in 2014 and the natural gas assets in 2015.

Duke has also completed a $1 billion sale of the U.S. coal industry to Canadian miner FirstEnergy Corp. The merger will result in the merger of roughly $1 trillion in assets, including assets in coal, natural gas, oil, natural cement, pipelines and other assets.

The company did not respond to questions about the size of the combined company or the size and value of the assets the merger would create.

Duke said in a statement Tuesday that the combined firm would “focus on delivering energy solutions for consumers, businesses and governments.”

Duke Energy is the nation\’s largest electric utility, providing power and natural-gas transmission, distribution and finance services.

It provides electricity to more than 6 million customers, and serves more than 10 million customers in 14 states.

The new company is expected take on more than 8,000 employees and more than $1 million in assets.

In January, the combined utility announced a $7.4 billion acquisition of the coal industry.