Duke Energy

Local News
9:02 am
Thu January 10, 2013

McCrory Could Re-shape NC Utilities Regulation

Governor Pat McCrory will appoint three utilities commissioners and the state's top advocate for utility consumers in the coming months. His choices would re-shape the regulatory landscape for Duke Energy, where McCrory worked for 28 years.

Governor Pat McCrory has been busy in recent weeks filling his cabinet and top staff positions. And in at least three cases he's appointed former colleagues from his 28 years working at Duke Energy. That's led some to worry McCrory will follow the same pattern when he turns his attention to four impending vacancies at the North Carolina Utilities Commission, which is Duke Energy's primary regulator in the state. WFAE's Julie Rose takes a look now at this regulatory body McCrory has the opportunity to radically reshape.

CORRECTION APPENDED

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Local News
9:11 am
Thu December 20, 2012

Greensboro Strikes Back Over Duke's Tree Trimming

Duke Energy has more than 90,000 miles of overhead power lines across the Carolinas, which makes for a lot of tree-trimming to keep the lines clear – and a lot of complaints about that trimming. In Greensboro, the typical frustration is shaping into a legal battle between Duke and the city.

"Vegetation management" is the technical term for it, but residents of several old neighborhoods near downtown Greensboro use other words.

"Duke Power came in and just clear-cut the area," said Jay James at a Tuesday night meeting of the Greensboro City Council.

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Business
5:02 pm
Tue December 18, 2012

Duke Shuffles Executives

Jeff Lyash is the fourth high-ranking Progress Energy executive to leave since the company merged with Duke Energy.
Duke Energy

Another Progress Energy executive is out at Duke Energy in the latest personnel shuffle of the merged companies.  A Duke Energy spokesman says changes required in a settlement with North Carolina utility regulators sparked a "domino effect."  

Seven top executives are shifting titles and roles in what resembles a game of musical chairs.

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Business
6:06 pm
Mon December 17, 2012

Duke CEO: Don't Fear The Fiscal Cliff

Wells Fargo senior executive vice president David Carroll, Premier Inc CEO Susan DeVore and Duke Energy CEO Jim Rogers at the Charlotte Chamber Economic Outlook luncheon on December 17, 2012.
Julie Rose

The Charlotte business community gathered Monday for a diagnostic take on the U.S. economy from the city's top industries. Executives of Bank of America, Wells Fargo, Duke Energy, Nucor and Premier health care alliance offered a grim picture of slow growth and high unemployment. 

If the U.S. economy had a life coach, every pep-talk these days would be along the lines of "Look pal, you gotta 'Fake it 'til you make it.' Confidence breeds success.  All this worry is bringing you down."

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Environment
5:18 pm
Fri December 7, 2012

State Board Rejects Call For Coal-Ash Clean Up

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.  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.   

Commission chairman Steve Smith says the vote was 9-to-2 in favor of Duke and Progress.

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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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Local News
5:06 pm
Mon November 12, 2012

Duke Rate Hike Case Set To Go Before NC High Court

The North Carolina Supreme Court will hear a case Tuesday claiming Duke Energy's latest rate hike is harmful to customers and should not have been granted. Attorney General Roy Cooper hopes the high court will strike down Duke's rate hike and change the way future increases are approved by regulators. 

Duke Energy originally asked for permission to raise rates for the average household by 17%, but regulators agreed to just 7%.

Even at that lower rate, Duke managed to lock in a 10.5% profit for shareholders, which is where Attorney General Roy Cooper takes issue.

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Environment
4:05 pm
Sat November 10, 2012

Riverkeeper: Coal Ash Pollution Isn't Regulated When It Comes To Seepage

The Catawba Riverkeeper has identified a handful of places where water from Duke Energy’s coal ash ponds are seeping into Mountain Island Lake and Lake Wylie. 

Catawba Riverkeeper Rick Gaskins has found four leaks, or what are called seepages, into the two lakes that provide drinking water to the Charlotte area.  The seepages bubble up from the ground. 

“The ones that are the easiest to spot have generally an orange-ish color to them,” says Gaskins. 

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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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