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Utilities Commission Approves Settlement With Duke Energy

State regulators have accepted the terms of a settlement with Duke Energy over its merger with Progress Energy.

The utility commission's vote was unanimous on the agreement terms announced last week. Duke Energy will move ahead with changes that include Jim Rogers' retirement as C-E-O. He plans to spend another year running the company But spokesman Tom Williams says Rogers could step away sooner.

Tom Williams: "The board always has succession plans in place no matter what contingency..but we put it in a formal process to replace Jim. It could be as early as July. It could be as late as his scheduled time to leave at the end of next year."

Duke Energy is promising more in fuel savings for customers as part of the agreement. It will also maintain a workforce in Raleigh. State Attorney General Roy Cooper has also reached a deal to end his probe into the Duke Energy leadership controversy. But he reserves the right to legally challenge excessive rate increases.

Gurnal Scott joined North Carolina Public Radio in March 2012 after several stops in radio and television. After graduating from the College of Charleston in his South Carolina hometown, he began his career in radio there. He started as a sports reporter at News/Talk Radio WTMA and won five Sportscaster of the Year awards. In 1997, Gurnal moved on to television as general assignment reporter and weekend anchor for WCSC-TV in Charleston. He anchored the market's top-rated weekend newscasts until leaving Charleston for Memphis, TN in 2002. Gurnal worked at WPTY-TV for two years before returning to his roots in radio. He joined the staff of Memphis' NewsRadio 600 WREC in 2004 eventually rising to News Director. In 2006, Raleigh news radio station WPTF came calling and he became the station's chief correspondent. Gurnal’s reporting has been honored by the South Carolina Broadcasters Association, the North Carolina Associated Press, and the Radio Television Digital News Association of the Carolinas.
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