A long-time Duke Energy Corp. director who led the surprise CEO ouster at the country's largest electric company said Friday that reasons for the move included a long-delayed update on insurance payments for a troubled Florida nuclear power plant and personal meetings that went poorly.
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.
The automaker is asking the Indiana Utility Regulatory Commission to look into its dispute with Duke Energy—and order the utility to return a deposit it required to keep the power on at Chrysler's Kokomo plants.
Changes include requiring Indiana utilities to provide at least two notices to owners two weeks before the scheduled trimming.
Indianapolis Mayor Greg Ballard is banning lawn watering in the city beginning Friday, and all smoking has been banned during a county fair in central Indiana because of the conditions caused by this summer's drought.
Jim Rogers, Duke Energy Corp.’s surprise CEO, said America’s largest electric company dumped Progress Energy Inc. CEO Bill Johnson because directors of the two merging corporations worried about Johnson’s authoritarian style and being forced to pump billions into a troubled Florida nuclear plant.
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.
The water company for Indianapolis and some of its suburbs is asking customers to cut back on lawn watering after setting records this week for one-day use.
Utility denies claim it is trying to sidestep $2.6 billion cap on costs that can be passed along to ratepayers.
AAA says Indiana's average price of $3.78 per gallon was the seventh-highest in the nation.
Local utility trust Citizens Energy Group plans to sell liquefied natural gas for use in cross-country semi trucks as a lower-cost alternative to diesel fuel.
The Indiana Utility Regulatory Commission ruled that emails and reports about the troubled Edwardsport coal gasification plant contain only general communications between Duke and its contractors and are not protected from disclosure.
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.
