Merger http://wunc.org en Duke Energy Asks Court To Dismiss Merger Appeal http://wunc.org/post/duke-energy-asks-court-dismiss-merger-appeal <p></p><p>Duke Energy has filed a motion to dismiss an appeal of the ruling that confirmed the merger with Progress Energy.&nbsp;</p><p>The appeal from the environmental group NC WARN says the state Utilities Commission was wrong to exclude outside parties from an investigation of the merger.&nbsp; Regulators were looking into why Progress Energy CEO Bill Johnson was ousted as leader soon after the deal was complete last year.&nbsp;</p> Mon, 26 Aug 2013 11:36:48 +0000 Will Michaels 21397 at http://wunc.org Duke Energy Asks Court To Dismiss Merger Appeal Watchdog Continues Duke Progress Merger Fight http://wunc.org/post/watchdog-continues-duke-progress-merger-fight <p>The watch-dog group NC Warn continues to fight against the merger of Duke Energy and Progress Energy.&nbsp; Yesterday the group filed motions with state regulators to try to re-open the merger hearings.<br><br><strong>Leoneda Inge:&nbsp;</strong> One claim NC Warn is making involves more than two-billion dollars Duke Energy plans to spend repairing and upgrading Progress Energy’s nuclear plants.&nbsp;&nbsp; Jim Warren is executive director of NC Warn. He says Duke Power never disclosed that figure during the merger hearings. Warren fears customers will end up paying in the end.<br> Fri, 27 Jul 2012 13:00:00 +0000 Leoneda Inge 2012 at http://wunc.org Duke Energy Board Members Testify http://wunc.org/post/duke-energy-board-members-testify <p>There were signs early in the Duke-Progress Energy merger process that Bill Johnson would not have a long tenure at the combined company.&nbsp; Ann Gray is the lead director on the Duke Energy board of directors.&nbsp;&nbsp; She told the North Carolina Utilities Commission today the board did not have a good impression of Johnson at one of their first meetings in 2010.<br><br><strong>Ann Gray:</strong>&nbsp; He did describe himself as being an individual who likes to learn but not be taught. That was an expression that stayed with our board and we watched for that to develop.<br> Fri, 20 Jul 2012 21:50:00 +0000 Leoneda Inge 2040 at http://wunc.org Duke Energy CEO Defends Leadership Change http://wunc.org/post/duke-energy-ceo-defends-leadership-change <p>State regulators had some tough questions for Duke Energy’s CEO at a hearing in Raleigh yesterday. They wanted to know why the company switched CEOs as soon as its merger with Progress Energy was completed.<br><br><strong>Ed Finley:</strong> Mr. Rogers, if you'll come around and be sworn please.<br> Wed, 11 Jul 2012 10:30:00 +0000 Gurnal Scott 2091 at http://wunc.org Duke Energy Finalizes Merger http://wunc.org/post/duke-energy-finalizes-merger <p>Duke Energy is now the largest utility in the country. But the company is moving forward without its expected leader.<br><br><strong>Gurnal Scott: </strong>Duke Energy held a conference call with reporters to mark the merger's completion. And board member Anne Maynard Gray had another announcement.<br><br><strong>Anne Maynard Gray: </strong>Bill Johnson has resigned as president and chief executive officer of the combined company by mutual agreement with the board.<br> Tue, 03 Jul 2012 19:55:00 +0000 Gurnal Scott 2161 at http://wunc.org State Utilities Commission Approves Duke Energy Merger http://wunc.org/post/state-utilities-commission-approves-duke-energy-merger <p>North Carolina utilities regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company. North Carolina Utilities Commission Chairman Edward Finley Jr. said Friday the deal was the best possible in an environment of energy industry consolidation. Finley says it was preferable for the two North Carolina-based companies to combine rather than be bought up by a company elsewhere. Conditions to the merger include the companies passing along at least $650 million in savings to customers. Fri, 29 Jun 2012 18:03:00 +0000 Jessica Jones 2248 at http://wunc.org State Regulators Consider Duke-Progress Merger http://wunc.org/post/state-regulators-consider-duke-progress-merger <p>The decision to permit a Duke Energy-Progress Energy merger in now in the hands of state regulators.<br><br><strong>Gurnal Scott:</strong> North Carolina Utilities Commission chairman Ed Finley was non-committal after yesterday's hearing.</p> Tue, 26 Jun 2012 10:10:00 +0000 Gurnal Scott 2273 at http://wunc.org Final Hearing Today On Duke-Progress Merger http://wunc.org/post/final-hearing-today-duke-progress-merger <p>Duke Energy officials hope a state Utilities Commission hearing today is the final hurdle before a merger with Progress Energy is complete.<br><br><strong>Gurnal Scott: </strong>The commissioners will hear from company leaders about how consumers will be protected as Duke Energy seeks to become the nation's largest utility. Spokesman Tom Williams says the last year and a half since announcing the 26 billion dollar merger has prepared them.<br> Mon, 25 Jun 2012 10:10:00 +0000 Gurnal Scott 2275 at http://wunc.org