Bill Johnson

Local News
9:30 am
Mon December 3, 2012

Duke Settlement Restores 'Merger Of Equals'

Today, NC utility regulators will consider a settlement that boosts Progress Energy's influence in the merger with Duke.
Credit Duke Energy/Flickr

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.

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. 

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Local News
7:49 am
Fri November 30, 2012

Duke CEO To Retire In Settlement With Regulators

Duke Energy CEO Jim Rogers will retire by the end of 2013.

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  board abruptly fired the man they'd promised would lead the merged company - Progress CEO Bill Johnson.

WFAE's Julie Rose joined Morning Edition Host Duncan McFadyen to sort through the settlement.

MCFADYEN: So Julie, is Duke admitting it was wrong to fire Johnson like that and keep Rogers on as CEO?

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Business
4:55 pm
Fri November 9, 2012

Progress Boosts Duke Earnings, Challenges Ahead

Duke Energy CEO Jim Rogers

Duke Energy says earnings in the third quarter rose 26%, primarily because it was the first full quarter to include Progress Energy.  That figure slightly exceeded analyst expectations, but questions remain about challenges Duke Energy faces going forward.

The list includes:

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Business
2:37 pm
Thu November 8, 2012

Progress Merger Boosts Duke Earnings, But Challenges Ahead

Duke Energy CEO Jim Rogers

Duke Energy says earnings in the third quarter rose 26%, primarily because it was the first full quarter to include Progress Energy.  That figure slightly exceeded analyst expectations, but questions remain about challenges Duke Energy faces going forward.

The list includes:

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