Duke Energy to seek new CEO to settle merger investigation – WRAL

Response: I guess thank you is in order for Rocky Mount and New Bern because they filed a lawsuit against the merger not one time but 3 times.

Raleigh, N.C. — Duke Energy Corp. and the staff of the North Carolina Utilities Commission have agreed to settle a state investigation into Duke’s ouster of its new chief executive immediately after its acquisition of Progress Energy Inc.

The settlement agreement, which will be presented Monday to the commission for its approval, also calls for added savings for electric customers and job commitments in Raleigh, which had been Progress’ headquarters. (More)

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Duke Energy

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