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.
Duke-Progress Merger
Read more about NC WARN’s efforts to stop Duke Energy’s 2012 merger with Progress Energy.
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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.
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”
NC WARN was right about Duke’s secret deals — Charlotte Business Journal
To win support for its $32 billion merger with Progress Energy, Duke Energy promised lump sum payments of least $1.67 million to municipal utilities and rural electric cooperatives while promising large commercial and industrial customers programs to cut their electricity rates by up to 6 percent.
Statewide Ad Campaign: “What is Duke Energy Hiding?” – NC WARN News Release
NC WARN today announced a statewide advertising campaign satirizing Duke Energy executives while calling for disclosure of billions in costs the nonprofit says the giant utility hid until after last month’s takeover of Progress Energy was approved.
