Duke Energy

Business & Economy
9:00 am
Fri July 20, 2012

Ousted Duke Energy CEO Bill Johnson Speaks

The North Carolina Utilities Commission spent hours yesterday questioning ousted Duke Energy CEO Bill Johnson.  The former Progress Energy leader says he was stunned by the controversial turn of events that transpired once the two companies merged.

Edward Finley:  There were no issues with respect to who would be the president and who would be the CEO.

Bill Johnson:  No, there were a lot of interesting questions and issues in the hearings, but that was not one of them.

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State of Things
10:57 am
Fri July 13, 2012

Energy Merger Missteps

The merger of Duke Energy and Progress Energy was supposed to be a powerful marriage of relative equals, but from the moment they combined, the problems started. The board of the new company ousted one of its new leaders, sparking investigations and cries of betrayal. Host Frank Stasio talks to News & Observer reporter John Murawski about the controversy.

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Business & Economy
6:30 am
Wed July 11, 2012

Duke Energy CEO Defends Leadership Change

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.

Ed Finley: Mr. Rogers, if you'll come around and be sworn please.

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Business & Economy
3:55 pm
Tue July 3, 2012

Duke Energy Finalizes Merger

Duke Energy is now the largest utility in the country. But the company is moving forward without its expected leader.

Gurnal Scott: Duke Energy held a conference call with reporters to mark the merger's completion. And board member Anne Maynard Gray had another announcement.

Anne Maynard Gray: Bill Johnson has resigned as president and chief executive officer of the combined company by mutual agreement with the board.

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Business & Economy
2:03 pm
Fri June 29, 2012

State Utilities Commission Approves Duke Energy Merger

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.

Business & Economy
6:10 am
Tue June 26, 2012

State Regulators Consider Duke-Progress Merger

The decision to permit a Duke Energy-Progress Energy merger in now in the hands of state regulators.

Gurnal Scott: North Carolina Utilities Commission chairman Ed Finley was non-committal after yesterday's hearing.

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Business & Economy
6:10 am
Mon June 25, 2012

Final Hearing Today On Duke-Progress Merger

Duke Energy officials hope a state Utilities Commission hearing today is the final hurdle before a merger with Progress Energy is complete.

Gurnal Scott: 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.

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Business & Economy
7:00 am
Wed June 13, 2012

RTI Awarded Energy Grant

RTI International has been awarded 4-point8-million dollars to develop technology to help reduce the energy needed to power manufacturing facilities.

Leoneda Inge:  RTI International will partner with Duke University and Veolia Water Solutions in Cary to develop a system that will allow heat from industrial processes to treat waste-water.  David Danielson is Assistant Secretary of Energy Efficiency and Renewable Energy for the US Department of Energy.  He says his office is funding 13 projects in this first round.

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Business & Economy
6:35 am
Tue March 27, 2012

Duke-Progress File "Market Power" Plan

Duke and Progress Energy have filed an updated merger plan with federal regulators.  The companies filed a “market power” mitigation plan they hope will move the process along.

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Business & Economy
6:05 am
Wed January 11, 2012

New Deadline for Duke - Progress Merger

It could be six months before the Duke Energy-Progress Energy merger is complete.

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