Tuesday, December 4, 2012 News

Investigation Into Duke-Progress Merger Leads to Settlement

by Andy Hollis

A settlement has been reached between Duke Energy and NC regulators over the company’s merger with Progress Energy. This ends an investigation into the removal of former Progress CEO Bill Johnson just hours after he took the reins of the merged company. As part of the agreement, Duke will make concessions benefiting their ratepayers in both NC and SC.
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