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United States

INCREASINGLY COMPETITIVE ELECTRICITY MARKET

In a sign of an increasingly competitive electricity market, two leading utilities in the Midwest -- Northern States Power (NSP) of Minneapolis and Wisconsin Energy Corp (WEC) of Milwaukee -- are merging to form the country's tenth-largest investor-owned utility, it was announced May 1. The companies say that they save about $2 billion over ten years as a result and will be able to keep electricity rates down. The parent of both companies will be known as Primergy. They say the merger will not affect their plans for installation of at least 100 MW of wind power.

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