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.
NC WARN in the News
A few of the news articles citing NC WARN
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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.
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.
Broken Crystal River nuclear plant is Duke Energy’s problem now – The Tampa Bay Times
Duke officials aren’t saying what happened or why Johnson, so central to a merger 18 months in the planning, was hastily cast aside. But critics quickly connected the dots. They pointed to Progress Energy’s broken Crystal River nuclear plant and suggestions that Duke was unhappy to learn too late the extent of its troubles.
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.
State regulators expect to rule on Progress-Duke deal quickly – The News & Observer
The commission hearing room was filled to capacity Monday. N.C. WARN attorney John Runkle cross-examined Progress executive Sasha Weintraub and posed questions to James Hoard, an accounting division head at the Public Staff, the state’s consumer protection agency in utility matters.
NC regulators hear arguments in energy merger – ABC 11
State regulators hear arguments in energy merger – WRAL
Group asks regulators for broader look at Duke Energy–Progress Energy merger – The Charlotte Business Journal
An N.C. environmental group contends the state’s sunshine law requires regulators to disclose the details of so-far confidential deals Duke Energy and Progress Energy have made with organizations to win their support for the companies’ proposed $26 billion merger.