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.
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NC utilities panel calls former Progress CEO Johnson to testify – The News & Observer
Ousted Duke Energy chief executive Bill Johnson will tell his side of the story next week as the N.C. Utilities Commission escalates its probe into his firing.
Utility regulators asleep at the switch – Tampa Bay Times Editorial
There is a reason for all of the bluster in North Carolina over the ouster of Bill Johnson as CEO of newly combined Duke Energy and Progress Energy. The regulators are embarrassed for failing to do their job and properly examine the deal.
NC Commission Must Assess Duke CEO Rogers’ Revelations about Merger Costs – NC WARN News Release
Billions in nuclear repairs or retirement would harm Carolinas ratepayers; all this should have been disclosed prior to Commission approval of the merger
NC WARN’s Legal Motion
Duke-Progress merger puts restart of Florida reactor in doubt – Reuters
The likelihood that the damaged Crystal River nuclear reactor in Florida will produce another megawatt of electricity appears to have dimmed following the merger of owner, Progress Energy, with Duke Energy, and the surprise exit of Progress’ top executive Bill Johnson.
State panel wants to know if Duke Energy misled it on the merger – The Charlotte Observer
More will be on the line than who’s in charge of the largest U.S. electric utility when Duke Energy CEO Jim Rogers testifies Tuesday before the N.C. Utilities Commission.
Investigations into Duke Energy Require an End to Duplicity, Secrecy – News Release from NC WARN
We appreciate that both the NC Utilities Commission and NC Attorney General Cooper have opened separate investigations into Duke Energy’s takeover of Progress Energy. It is critical that both investigations allow full and open scrutiny of all questions about winners and losers – in particular, who Duke intends to charge for several multi-billion dollar power plant fiascos and for the $44 million parachute former Progress CEO Bill Johnson glides away with.
Utilities Commission investigating Duke Progress merger – NBC 17
The N.C. Utilities Commission has decided to hold an investigation and hearing on Tuesday, looking at why Duke Energy decided to replace CEO Bill Johnson with Duke’s James Rogers.
NC WARN Calls for Utilities Commission Hearings on Duke Energy Coup D’Etat – News Release from NC WARN
The recent decision by the new Duke Energy Board of Directors to oust former Progress Energy CEO Bill Johnson from the position as the CEO of the merged company within hours of the merger demands a serious investigation.
Duke Energy merger creates largest U.S. utility – The New York Times
Duke Energy said on Tuesday that it had completed its $32 billion merger with Progress Energy, a few hours after South Carolina gave final approval. The move creates the largest electric utility in the United States, with 7.1 million customers in six states in the Southeast and Midwest.