Progress Energy http://wfae.org en Duke Earnings Up In 4th Quarter http://wfae.org/post/duke-earnings-4th-quarter <p><span style="line-height: 1.5;">Duke Energy reported a 58 percent jump in profits in its fourth quarter earnings, partially due to lower costs and higher rates.</span></p><p></p><p> Tue, 18 Feb 2014 18:25:30 +0000 Ben Bradford 45301 at http://wfae.org Duke Earnings Up In 4th Quarter Duke Earnings Drag In Second Quarter http://wfae.org/post/duke-earnings-drag-second-quarter <p><span style="line-height: 1.5;">A lackluster earnings report from Duke Energy out today is evidence the company's year-old merger with Progress continues to be a mixed bag for the bottom line.</span></p><p> Wed, 07 Aug 2013 17:39:53 +0000 Julie Rose 32863 at http://wfae.org Duke Earnings Drag In Second Quarter Lynn Good Named Duke CEO http://wfae.org/post/lynn-good-named-duke-ceo <p><span style="line-height: 1.5;">Duke Energy executive </span><a href="http://www.duke-energy.com/about-us/leaders/lynn-good.asp" style="line-height: 1.5;" target="_blank">Lynn Good</a><span style="line-height: 1.5;"> will replace long-time CEO Jim</span><span style="line-height: 1.5;"> Rogers.</span></p><p></p><p><span style="line-height: 1.5;">We knew Rogers would be leaving Duke. He's 65. </span>And, state regulators made him promise to retire this year as part of a settlement to end the investigation into that surprise CEO switch when Duke merged with Progress.</p> Tue, 18 Jun 2013 16:06:19 +0000 Julie Rose 29621 at http://wfae.org Lynn Good Named Duke CEO Duke Energy Ranks Eighth In Solar Rankings http://wfae.org/post/duke-energy-ranks-eighth-solar-rankings <p><span style="line-height: 1.5;">Since its merger with Progress last summer, Duke Energy has become the country's largest regulated utility company. But<a href="http://www.solarelectricpower.org/media/324121/final-2012-top-10-report-v2.pdf" target="_blank"> a report from the Solar Electric Power Association</a> shows it ranks eighth in 2012 for the amount of solar power it can use at any one time. &nbsp;</span></p><p> Mon, 17 Jun 2013 21:43:25 +0000 Tasnim Shamma 29581 at http://wfae.org Duke Energy Ranks Eighth In Solar Rankings Duke To Permanently Shutter Troubled Nuclear Plant In Florida http://wfae.org/post/duke-permanently-shutter-troubled-nuclear-plant-florida <p><span style="line-height: 1.5;">Duke Energy says it will close down a troubled nuclear plant in Florida – called Crystal River – rather than try to repair it at a cost of billions.&nbsp; Making that decision has preoccupied Duke and its investors ever since the company merged with Progress Energy and inherited the Florida plant. &nbsp;</span></p> Tue, 05 Feb 2013 21:19:55 +0000 Julie Rose 20838 at http://wfae.org Duke To Permanently Shutter Troubled Nuclear Plant In Florida Duke Duking It Out With Small Florida County Over Taxes http://wfae.org/post/duke-duking-it-out-small-florida-county-over-taxes <p>A small county on the Florida Gulf Coast is in a budget crisis because its largest taxpayer is refusing to pay up. Progress Energy Florida – which is now owned by Duke Energy – operates a coal and nuclear power plant complex that accounts for one-quarter of Citrus County's property tax revenues. But Duke Energy only paid half its tax bill last year and this week warned it'll do the same in 2013. WFAE's Julie Rose explains:</p> Thu, 24 Jan 2013 10:09:00 +0000 Julie Rose 20003 at http://wfae.org Duke Duking It Out With Small Florida County Over Taxes Duke Shuffles Executives http://wfae.org/post/duke-shuffles-executives <p></p><p>Another Progress Energy executive is out at Duke Energy in the latest personnel shuffle of the merged companies.&nbsp; A Duke Energy spokesman says changes required in a settlement with North Carolina utility regulators sparked a "domino effect." &nbsp;</p><p>Seven top executives are shifting titles and roles in what resembles a game of musical chairs.</p> Tue, 18 Dec 2012 22:02:37 +0000 Julie Rose 17916 at http://wfae.org Duke Shuffles Executives State Board Rejects Call For Coal-Ash Clean Up http://wfae.org/post/state-board-rejects-call-coal-ash-clean <p>Duke and Progress Energy will not have to clean up seepages from fourteen coal ash ponds, according to a ruling from the North Carolina Environmental Management Commission.&nbsp; Several environmental groups including the Riverkeeper Foundation say the utilities are breaking state rules by not stopping their coal ash ponds from leaking into ground water.&nbsp; &nbsp;</p><p>Commission chairman Steve Smith says the vote was 9-to-2 in favor of Duke and Progress.</p> Fri, 07 Dec 2012 22:18:40 +0000 Lisa Miller 17290 at http://wfae.org Duke Settlement Restores 'Merger Of Equals' http://wfae.org/post/duke-settlement-restores-merger-equals <p></p><p>When North Carolina utility regulators meet Monday at 10 a.m., they're expected to approve a settlement that resolves their investigation into the sudden firing of Progress CEO Bill Johnson shortly after the company merged with Duke.</p><p>The settlement calls for Duke CEO Jim Rogers to resign by the end of next year. Critics say the utilities commission is wasting time on personality clashes and power struggles surrounding Duke's leadership switch at the expense of more substantive aspects of the merger that might impact customers.&nbsp;</p> Mon, 03 Dec 2012 14:30:09 +0000 Julie Rose 16842 at http://wfae.org Duke Settlement Restores 'Merger Of Equals' Duke CEO To Retire In Settlement With Regulators http://wfae.org/post/duke-ceo-retire-settlement-regulators <p></p><p>Duke Energy CEO Jim Rogers will step down sometime next year as part of a settlement announced late yesterday that would resolve an investigation of the company's merger with Progress Energy. Angry North Carolina utility regulators launched the investigation when Duke's &nbsp;board abruptly fired the man they'd promised would lead the merged company - Progress CEO Bill Johnson.</p><p>WFAE's Julie Rose joined Morning Edition Host Duncan McFadyen to sort through the settlement.</p> Fri, 30 Nov 2012 12:49:04 +0000 Julie Rose 16776 at http://wfae.org Duke CEO To Retire In Settlement With Regulators