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WRAL.com video archive: Duke-Progress merger under scrutiny
After a CEO change minutes after their merger was finalized, the leadership of the nation's newly-created largest utility has questions to answer.
Progress Energy Inc.'s chief executive mishandled too many issues in recent months for Duke Energy Corp.'s liking, and he couldn't be trusted to lead the combined utility after their merger, one of Duke's board members said Friday.
Two Duke Energy board members have been called to testify to the N.C. Utilities Commission about the ouster of Progress Energy's CEO from the management of the new company after the two utilities merged.
Two Duke Energy board members have been called to testify to the N.C. Utilities Commission about the ouster of Progress Energy's CEO from the management of the new company after the two utilities merged.
Duke Energy Corp. wanted so badly to get out of its planned merger with Progress Energy Inc. that Duke executives looked at various ways to scotch the deal in recent months, Progress' former chief executive said Thursday.
WRAL News takes an in-depth look at the Duke Energy-Progress Energy merger and subsequent management shake-up and the implications they have for area consumers.
Former Progress Energy Chief Executive Bill Johnson tells the N.C. Utilities Commission why he was suddenly forced out as president and CEO of Duke Energy Corp. after the two utilities merged.
Former Progress Energy CEO Bill Johnson tells the N.C. Utilities Commission why he was suddenly forced out as president and CEO of Duke Energy Corp. after the two utilities merged.
Former Progress Energy Chief Executive Bill Johnson tells the N.C. Utilities Commission why he was suddenly forced out as president and CEO of Duke Energy Corp. after the two utilities merged.
Duke Energy board member Marie McKee, who served on Progress Energy's board before the two utilities merged, testifies to the N.C. Utilities Commission about the Progress CEO's forced resignation from the combined company.
Jim Hyler, a former Progress Energy director who joined the new Duke Energy board after the two companies merged, testifies to the N.C. Utilities Commission about how Progress' former CEO was forced out immediately after the merger.
Duke Energy Corp. is trying to reassure customers as state regulators prepare to hear more about a management shake-up at the utility following its recent merger with Progress Energy Inc.
The fallout over the merger between Duke Energy Corp. and Progress Energy Inc. and the subsequent management shake-up is a sensitive issue for both Democrats and Republicans in North Carolina.
Duke Energy CEO Jim Rogers addressed Progress Energy employees one day after testifying before the N.C. Utilities Commission about the sudden management shake-up following the companies' merger.
The board of directors of Duke Energy Corp. lost confidence in the ability of Progress Energy Inc. Chief Executive Bill Johnson weeks before the two utilities merged, Duke Chief Executive Jim Rogers told state regulators Tuesday.
The N.C. Utilities Commission questions Duke Energy CEO Jim Rogers about the sudden resignation of Progress Energy CEO Bill Johnson after the two utilities merged last week.
The N.C. Utilities Commission questions Duke Energy CEO Jim Rogers about the sudden resignation of Progress Energy CEO Bill Johnson after the two utilities merged last week.
The N.C. Utilities Commission questions Duke Energy CEO Jim Rogers about the sudden resignation of Progress Energy CEO Bill Johnson after the two utilities merged last week.
The N.C. Utilities Commission has scheduled a meeting next Tuesday to review the merger of Duke Energy Corp. and Progress Energy Inc. in the wake of the sudden ouster of the combined utility's chief executive. Attorney General Roy Cooper also has demanded information from the company.
The sudden departure of Progress Energy CEO Bill Johnson after the company's merger with Duke Energy concerned officials in Raleigh, where Progress has supported local groups and been a mainstay in the economy for years.
North Carolina has the potential to become an “energy hub” for the nation, but approval of the delayed merger between Progress Energy and Duke Energy is essential for that to happen, Progress Chairman and Chief Executive Bill Johnson said Tuesday.
People asked the N.C. Utilities Commission to block the proposed merger of Progress Energy and Duke Energy or to put a variety of conditions on the deal, if approved.
Progress Energy will shift 700 to 1,000 jobs from Raleigh once its merger with Duke Energy is complete, officials said Thursday.
After trying for more than a week to quell employee fears over a pending acquisition by Duke Energy, Progress Energy CEO Bill Johnson acknowledged Wednesday that he is a bit anxious about the $26 billion deal himself.
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