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.
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Utility regulators asleep at the switch – Tampa Bay Times Editorial
NC Commission Must Assess Duke CEO Rogers’ Revelations about Merger Costs – NC WARN News Release
Billions in nuclear repairs or retirement would harm Carolinas ratepayers; all this should have been disclosed prior to Commission approval of the merger
NC WARN’s Legal Motion
Duke-Progress merger puts restart of Florida reactor in doubt – Reuters
State panel wants to know if Duke Energy misled it on the merger – The Charlotte Observer
Good News: Consumer Coalition Thanks NC Legislature for No Action on Annual Rate Hikes Bill
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.
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.