Articles

Duke Energy seeks delay in CEO-switch testimony

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.

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Browning ordered to testify over Duke Energy CEO’s ouster

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.

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USDA official to visit Indiana farms amid drought

Farm and Foreign Agricultural Services Undersecretary Michael Scuse will travel to Indiana on Wednesday and Thursday to tour drought-stricken farm fields in Allen and White counties in northern Indiana and Johnson County south of Indianapolis.

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USDA reports corn in 18 states hurt by drought

Corn and soybean prices surged Monday after the latest government report showed a widespread drought in the middle of the country is hurting this year's crop. Indiana and Illinois have been particularly hard hit.

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IPL pulling plug on renewable-energy effort

Indianapolis Power & Light says beginning next March it will stop offering to buy electricity from customers who generate it from renewable sources—a blow to advocates of wind, solar and other clean forms of energy.

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Rogers stays in charge at Duke Energy after CEO resigns

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.

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