Bill Johnson, the man who was CEO of Duke Energy Corp. for eight hours after its $17.8 billion takeover of Progress Energy Inc., began testifying Thursday to the North Carolina Utilities Commission.
North Carolina regulators expect testimony Thursday from the CEO ousted by Duke Energy Corp. within hours of becoming the top executive of the country's largest electric company.
Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors, including local businessman Michael Browning, about the surprise CEO switch at the top of America's largest electric company.
Indianapolis real estate developer and Duke Energy Corp. director Michael Browning has been ordered to appear Friday before the North Carolina Utilities Commission, which is investigating the unexpected ouster of the utility’s new CEO just hours after the company merged with Progress Energy Inc.
Three former board members of Progress Energy Inc. said they would have voted against Duke's $17.8 billion takeover offer had they known Rogers would remain in charge of the combined companies.
Duke Energy Corp. on Tuesday unexpectedly announced the resignation of Bill Johnson, previously named to be the CEO after its $17.8 billion takeover of Progress Energy Inc. James Rogers has been named CEO of the merged companies effective immediately.
North Carolina utility regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company.
Utility denies claim it is trying to sidestep $2.6 billion cap on costs that can be passed along to ratepayers.
Indiana's environmental agency and Duke Energy Corp. are moving ahead with the cleanup of a long-closed manufactured-gas plant in Shelbyville.
Dave Menzer, director of the Sierra Club’s new “Beyond Coal” campaign in Indiana, aims to spark discussion about the health and environmental costs of the state’s bituminous bounty that for years has brought relatively cheap electric rates.
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
The City-County Council is set to hear a proposal by two companies to lease space on city-owned rooftops and sell electricity generated by solar panels installed in those spots.
A company planning to build a wind farm spread across four central Indiana counties north of Indianapolis says it has obtained 125 building permits for the project's first phase.
Duke Energy Corp. said first-quarter profit fell 42 percent after a regulatory settlement in Indiana increased costs and mild weather reduced heating demand.
Duke Energy Corp. has agreed to cap the cost of its troubled coal-gasification plant in southwestern Indiana at $2.6 billion, or about $700 million less than the expected cost of construction, as part of a proposed settlement announced Monday.
Charlottesville, Va.-based Apex plans to install the wind turbines in southern Wells County, about 100 miles northeast of Indianapolis.
In a filing earlier this month, the Midwest Independent Transmission System Operator Inc. told federal regulators that a mechanical failure in September contaminated the data center.
Gov. Mitch Daniels is praising a court ruling that's delayed an Obama administration regulation aimed at reducing power plant pollution in 27 states that contributes to unhealthy air downwind.
Atlanta firm says IPL underground system "well designed and regularly maintained" but may need upgrades to avoid more explosions.
David Lott Hardy, who was fired from his job as chairman of the Indiana Utility Regulatory Commission in 2010, is accused of official misconduct.
