Progress Energy

Duke Energy reported a 58 percent jump in profits in its fourth quarter earnings, partially due to lower costs and higher rates.


Duke Earnings Drag In Second Quarter

Aug 7, 2013

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.


Lynn Good Named Duke CEO

Jun 18, 2013
Duke Energy

Duke Energy executive Lynn Good will replace long-time CEO Jim Rogers.

We knew Rogers would be leaving Duke. He's 65. 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.

Duke Energy Ranks Eighth In Solar Rankings

Jun 17, 2013
Tasnim Shamma

Since its merger with Progress last summer, Duke Energy has become the country's largest regulated utility company. But a report from the Solar Electric Power Association shows it ranks eighth in 2012 for the amount of solar power it can use at any one time.  


Duke-energy.com

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.  Making that decision has preoccupied Duke and its investors ever since the company merged with Progress Energy and inherited the Florida plant.  

"From the beginning of the merged company, the resolution of the nuclear plant issue has been among the company's top priorities, if not the company's top priority," says Duke Energy spokesman Mike Hughes. 

Duke-energy.com

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:

Duke Shuffles Executives

Dec 18, 2012
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.

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.

Duke Settlement Restores 'Merger Of Equals'

Dec 3, 2012
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. 

Duke CEO To Retire In Settlement With Regulators

Nov 30, 2012

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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