Home / NC attorney general seeks documents on CEO change

NC attorney general seeks documents on CEO change

My Fox Spokane Biz
NC attorney general seeks documents on CEO change
Submitted by Fox First at Ten on July 6th

By EMERY P. DALESIOAP Business Writer
RALEIGH, N.C. (AP) - The nation's new largest electric utility is facing trouble from North Carolina regulators after its last-minute decision to swap CEOs.
North Carolina's attorney general is seeking documents and all communications from inside Duke Energy to determine whether consumers were misled prior to the merger that created the utility giant with 7 million customers. The North Carolina Utilities Commission said Friday it's launching an investigation and is ordering new Duke Energy CEO Jim Rogers to appear at a hearing Tuesday.
Progress Energy chief executive officer Bill Johnson was slated to head the combined company, but hours after the merger, the new company said he had resigned. Duke Energy announced Tuesday that Rogers was the new CEO.
The Charlotte, N.C.-based company has refused to disclose the reason for the last-minute change. .
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

Comments

Most Popular Stories

Obama To Visit Tornado-Ravaged OK Town

Obama To Visit Tornado-Ravaged OK Town
Submitted by Fox First at Ten on May 22nd
WASHINGTON (AP) - President Barack Obama will travel to tornado-ravaged Moore, Okla., on Sunday.    That's according to a White House official, who wasn't authorized to publicly discuss the trip ahead of the official announcement and requested anonymity.    A

SAY WHAT?!? Freak Snow In Washington State Town Cancels School

SAY WHAT?!? Freak Snow In Washington State Town Cancels School
Submitted by Fox First at Ten on May 22nd
BICKLETON, Wash. (AP) - A freak snow has given students a snow day in May in the Klickitat County town of Bickleton.    School Superintendent Ric Palmer says 10-to-12 inches fell in places overnight and heavy snow brought some tree branches down on lines, knocking out power and

Small Fla. city anxious to learn jackpot winner

Small Fla. city anxious to learn jackpot winner
Submitted by Fox First at Ten on May 20th
By TAMARA LUSH and BARBARA RODRIGUEZAssociated Press ZEPHYRHILLS, Fla. (AP) - It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million. The lucky ticket was bought sometime Saturday