Duke-Progress Merger

Read more about NC WARN’s efforts to stop Duke Energy’s 2012 merger with Progress Energy.

Nukes at the core of Duke-Progress marriage – The Independent Weekly

July 25, 2012

The drama of Bill Johnson’s 20-minute tenure as CEO of the new Duke Energy Corporation has consumed the members of the N.C. Utilities Commission, who are wondering if Duke hoodwinked them into approving its merger-acquisition of Raleigh-based Progress Energy.

Retreating Duke Energy Withdraws Kickback Scheme – News Release from NC WARN

July 24, 2012

Under cover of a public storm involving a corporate merger scandal that has shaken the largest U.S. power company, Duke Energy last week withdrew a proposed program to refund to a select group of large customers nearly all of last fall’s controversial seven percent rate hike that was levied against all Duke Energy Carolinas customers.

Major problems in Duke merger investigation – NC WARN Press Release

July 21, 2012

$2 billion to be “poured” into nuclear fleet upgrades turns merger into a “public soaking” instead of a “public saving” – which violates the key legal standard of the merger.

Duke Progress merger punts plans for six new reactors – Fuel Cycle Week

July 18, 2012

Uranium producers should not expect initial core orders from post-merger Duke Energy for any of the six 1,150 MW reactors planned by pre-merger Duke and Progress Energy, for at least the next decade—if ever.

NC WARN Calls for Merger Cost Information Including Secret Study – News Release from NC WARN

July 18, 2012

Duke Energy might spend billions in costs not disclosed in merger case; group says all documents must be submitted.

Utility officials expected to hire investigators in Duke Energy review – The News & Observer

July 16, 2012

As the N.C. Utilities Commission’s investigation of Duke Energy enters its second week, the six political appointees who regulate the state’s electric utilities are expected to bring in outside investigators.

Duke merger scandal – Rogers isn’t crazy – Note to Editors from NC WARN

July 16, 2012

If Progress board members are correct that Bill Johnson performed well and with respect toward his employees (per today’s News & Observer story and earlier comments), it fortifies my belief that Crystal River was the main point of dispute that led to his firing.

Duke-Progress Merger

Nukes at the core of Duke-Progress marriage – The Independent Weekly

Retreating Duke Energy Withdraws Kickback Scheme – News Release from NC WARN

Major problems in Duke merger investigation – NC WARN Press Release

Duke Progress merger punts plans for six new reactors – Fuel Cycle Week

NC WARN Calls for Merger Cost Information Including Secret Study – News Release from NC WARN

Utility officials expected to hire investigators in Duke Energy review – The News & Observer

Duke merger scandal – Rogers isn’t crazy – Note to Editors from NC WARN

NC utilities panel calls former Progress CEO Johnson to testify – The News & Observer

Utility regulators asleep at the switch – Tampa Bay Times Editorial

NC Commission Must Assess Duke CEO Rogers’ Revelations about Merger Costs – NC WARN News Release

Duke-Progress Merger

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