North Carolina agencies investigating Duke Energy CEO shuffle

HOUSTON (Reuters) - North Carolina officials late Friday launched two investigations into the surprising move by Duke Energy Corp directors to replace former Progress Energy Chief Executive Bill Johnson with Duke CEO Jim Rogers, just a day after a deal to create the largest U.S. utility company was finalized.

The North Carolina Utilities Commission, which approved Duke's $18 billion buyout of Progress late last week, ordered Rogers to appear at a hearing Tuesday to answer questions on the timing of the decision to replace Johnson, the commission said in a two-page order.


Up ↑