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Merger with Progress

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Court endorses backroom Duke-regulator deal in merger — News Release from NC WARN

Today the NC Court of Appeals ruled against NC WARN’s appeal of a Utilities Commission investigation of the 2012 Duke Energy merger with Progress Energy.

Appeals court denies group’s appeal of Duke Energy merger investigation — Charlotte Business Journal

The N.C. Court of Appeals says state regulators properly excluded watchdog group NC WARN from participating in the hearing over whether Duke Energy lied to them about plans for its 2012 purchase of Progress Energy Inc.

Duke-Progress Merger OK’d by Appeals Court — News Release from NC WARN

The NC Court of Appeals today denied NC WARN’s challenge to the 2012 corporate merger that created the world’s largest electric utility. We believe the Court erred and we are likely to appeal to the NC Supreme Court.

Duke-Progress Merger Argued Before NC Court of Appeals — News Release from NC WARN

The NC Court of Appeals will hear oral arguments tomorrow in NC WARN’s challenge to a 2012 corporate merger that created the world’s largest electric utility.

Appeals Court Weighs Merger of Duke Energy, Progress Energy — News Release from NC WARN

The NC Court of Appeals is reviewing NC WARN’s case challenging a 2012 merger that created the nation’s largest electric utility.

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.

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.

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.

Duke Merger’s Once-secret Deals with Big Users Set to Cost Other Customers $350 Million – News Release from NC WARN

This would slash purported public savings, thus it bolsters the call for commission to reopen hearings and “do the math”

Motion to Reopen Merger Hearings Remains Unrebutted – News Release from NC WARN

Duke Energy seems to believe it can simply avoid making a substantive argument against NC WARN’s motion to reopen evidentiary hearings based on the utility’s withholding of information in its merger with Progress Energy. Possibly Duke believes the NC Utilities Commission will simply defer to its corporate giant-ness as Florida commissioners did this week in their “welcome Mr. CEO” session with Jim Rogers.

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