The NC Court of Appeals is reviewing NC WARN’s case challenging a 2012 merger that created the nation’s largest electric utility.
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Commission Tries to Limit Court Appeal of Duke Energy Merger — News Release from NC WARN
State regulators yesterday made a strange ruling that, if upheld by the courts, would abolish part of an ongoing appeal of a 2012 merger that created the nation’s largest electric utility. Duke Energy is seeking to prevent NC WARN’s case from being heard by the NC Court of Appeals, and the state Utilities Commission is claiming it has the authority to govern what the court can hear.
Progress Energy execs grilled over price breaks for industrial customers — The News & Observer
Last year’s merger between Progress Energy and Duke Energy came back to haunt Progress on Monday as critic after critic grilled company executives on sweetheart deals designed to spare large utility customers a rate increase.
Watchdog group wants probe of Duke Energy negotiations – Charlotte Business Journal
Environmental watchdog group NC WARN wants North Carolina’s attorney general to investigate whether Duke Energy CEO Jim Rogers improperly negotiated directly with N.C. Utilities Commission Chairman Ed Finley to settle the commission’s inquiry into Duke’s $32 billion purchase of Progress Energy.
Did Duke CEO and Top Regulator Break the Law by Cutting Deal on Merger Scandal? – News Release from NC WARN
Last week the Charlotte Observer published an interview in which Duke Energy CEO Jim Rogers said he had resolved the major scandal following his acquisition of Progress Energy by personally negotiating the settlement with NC Utilities Commission Chairman Ed Finley. Today NC WARN called on state Attorney General Roy Cooper to investigate that negotiation, which we believe was an unlawful communication that led to a multi-billion dollar miscarriage of justice against North Carolina’s electricity customers.
Group claims Duke Energy’s talks with state regulators were improper – Charlotte Observer
A Durham advocacy group has asked attorney general Roy Cooper to investigate whether Duke Energy and the N.C. Utilities Commission engaged in illegal “backroom deal-making” during talks to settle the Duke-Progress Energy merger probe.
Jim Rogers: Duke Energy merger with Progress was worth it – Charlotte Observer
Duke Energy chief executive Jim Rogers traces the roots of a state investigation into the Duke-Progress Energy merger to differences in how regulators viewed the $32 billion deal… Rogers said he personally negotiated the settlement terms with commission Chairman Edward Finley, after Duke’s board vetted them, and with the help of current Duke and former Progress director James Hyler. Both he and Finley wanted to resolve the issue, he said.
N.C. environmental group sues to overturn Progress Energy-Duke merger – Tampa Bay Times
A North Carolina environmental watchdog group filed an appeal Wednesday to revoke or modify the Progress Energy and Duke Energy merger, citing costly troubles with Progress’ nuclear fleet in Florida.
Duke-Progress Merger Contested in NC Court of Appeals – News Release from NC WARN
Today NC WARN filed notice with the NC Court of Appeals that it is challenging the NC Utilities Commission’s approval of the merger between Duke Energy and Progress Energy, which created the largest US electric utility.
NC WARN Sues Regulators Over Duke-Progress Merger
NC WARN filed notice with the NC Court of Appeals on January 9, 2013 that it is challenging the NC Utilities Commission’s approval of the 2012 merger between Duke Energy and Progress Energy, which created the largest US electric utility.
