Video: Executive Director Jim Warren explains why NC WARN continues to contest the merger of Duke Energy and Progress Energy in the North Carolina Court of Appeals.
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NC regulator approves deal ending investigation into Duke Energy merger, surprise CEO switch – Associated Press
Duke Energy formalized deals Monday that ended separate investigations by North Carolina regulators and the attorney general into whether the utility misled officials before a merger that made it the country’s largest electric company. The deals seek to balance greater oversight of the company with flexibility for its executives.
NC regulator approves agreement with Duke Energy – NBC17
North Carolina’s utilities regulator and attorney general are settling separate investigations into whether Duke Energy misled officials before taking over its in-state rival Progress Energy.
The North Carolina Utilities Commission on Monday voted unanimously to approve the settlement announced last week. The deal defines CEO Jim Rogers’ retirement and the coming and going of several other executives and board members at what is now the country’s largest electric company.
Duke CEO to retire in settlement with regulators – WFAE
Duke Energy CEO Jim Rogers will step down sometime next year as part of a settlement announced late yesterday that would resolve an investigation of the company’s merger with Progress Energy. Angry North Carolina utility regulators launched the investigation when Duke’s board abruptly fired the man they’d promised would lead the merged company – Progress CEO Bill Johnson. WFAE’s Julie Rose joined Morning Edition Host Duncan McFadyen to sort through the settlement.
Duke Energy to seek new CEO to settle merger investigation – WRAL-TV
Raleigh, N.C. — Duke Energy Corp. and the staff of the North Carolina Utilities Commission have agreed to settle a state investigation into Duke’s ouster of its new chief executive immediately after its acquisition of Progress Energy Inc. The settlement agreement, which will be presented Monday to the commission for its approval, also calls for added savings for electric customers and job commitments in Raleigh, which had been Progress’ headquarters.
NC Regulators Sold-out the Public in Duke Merger Settlement – News Release from NC WARN
Today’s announced settlement between Duke Energy and state regulators is a sell-out of the public that was conducted behind closed doors. As signaled earlier, NC WARN will fight the merger in court – with a very strong legal case – and we’re counting on Attorney General Roy Cooper to also stand up for the public. The utilities regulators sure aren’t protecting the public interest.
Next TVA CEO Bill Johnson hit for prior work – The Chattanooga Times Free Press
By Pam Sohn A nuclear watchdog group is touting a memorandum sent by Bill Johnson — TVA’s soon-to-be new leader –as the smoking gun that should reopen the Duke-Progress energy merger that formed what is now the nation’s largest utility company. Jim Warren, director of NC WARN in North Carolina, …
NC WARN trolls documents to build legal case against Progress-Duke merger – The News & Observer
Durham advocacy group NC WARN is continuing to press state regulators to undo the merger between Duke Energy and Progress Energy, using some of its strongest language to date to denounce the $32 billion deal. On Tuesday NC WARN told the N.C. Utilities Commission it had discovered an internal document that suggests “criminal misconduct and perjury” on the part of Progress and Duke officials in the weeks leading up to their merger.
Smoking gun in Duke merger scandal found by NC WARN – News Release from NC WARN
An April memo from ousted CEO Bill Johnson appears to confirm long-running concerns by a watchdog group that Duke Energy hid vital information from regulators in several states prior to the July closing of the utility’s controversial takeover of Progress Energy.
Reject Duke-Progress political pay-offs, watchdogs tell regulators – News Release from NC WARN
NC WARN calls out Progress Energy for charging political pay-offs to customers via an accounting fiction. Millions to influence politicians should be rejected in rate case, says watchdog group.