The likelihood that the damaged Crystal River nuclear reactor in Florida will produce another megawatt of electricity appears to have dimmed following the merger of owner, Progress Energy, with Duke Energy, and the surprise exit of Progress’ top executive Bill Johnson.
Duke-Progress Merger
Read more about NC WARN’s efforts to stop Duke Energy’s 2012 merger with Progress Energy.
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State panel wants to know if Duke Energy misled it on the merger – The Charlotte Observer
Investigations into Duke Energy Require an End to Duplicity, Secrecy – News Release from NC WARN
We appreciate that both the NC Utilities Commission and NC Attorney General Cooper have opened separate investigations into Duke Energy’s takeover of Progress Energy. It is critical that both investigations allow full and open scrutiny of all questions about winners and losers – in particular, who Duke intends to charge for several multi-billion dollar power plant fiascos and for the $44 million parachute former Progress CEO Bill Johnson glides away with.
Utilities Commission investigating Duke Progress merger – NBC 17
NC WARN Calls for Utilities Commission Hearings on Duke Energy Coup D’Etat – News Release from NC WARN
Duke Energy merger creates largest U.S. utility – The New York Times
Duke-Progress Merger Signals Challenges to Economy, Environment and Democracy – NC WARN Press Release
Statement by NC WARN DirectorJim Warren: Creation of the nation’s largest electric utility will require enhanced vigilance and action by public advocates to protect our economy, our environment and our democracy from a giant corporation well-known for its use of political muscle to pursue profits and expansion. This merger will …