Duke Energy CEO’s pay jumped to $21 million last year

The Watch Dog response: See ya’ll be focusing on the wrong thing! But when you are ignant to the facts like we all have been then you don’t know any better. So now you know. Duke Energy says its top executive’s compensation has nearly doubled over the past two years. The country’s No. 2 electricity company…Read more Duke Energy CEO’s pay jumped to $21 million last year

Duke Energy Progress Completes Purchase of NCEMPA Generation Assets

Alert from the Office of Senator Bryant   If you no longer wish to receive information from our office, please click here   __________________________________________________________________________________________                       Contact: Rebecca Agner, ElectriCities of North Carolina Office: 919.760.6334Email: ragner@electricities.org   Contact: Jeff Brooks, Duke Energy Office: 919.219.9215 | 24-Hour:…Read more Duke Energy Progress Completes Purchase of NCEMPA Generation Assets

Duke Energy, NCEMPA deal imminent? Wilson Times

The potential sale of N.C. Eastern Municipal Power Agency electric generation assets to Duke Energy Progress could be announced soon. Graham Edwards, chief executive officer of ElectriCities, said in May that a purchase offer could be made as early as July or soon thereafter. No announcement was made during NCEMPA’s Wednesday meeting in Wilson. Grant…Read more Duke Energy, NCEMPA deal imminent? Wilson Times

Duke Energy offers to buy public power plants – Rocky Mount Telegram

The Political Agitator response: I too agree: “Knight said Tuesday he believes Rocky Mount’s legal challenge helped bring Duke Energy to the table.” Knight has played a major role in trying to bring about a change as it relates to N.C.E.M.P.A. I remember back in the early 2000’s when Carol Batchelor, Lewis Turner, Andre Knight,…Read more Duke Energy offers to buy public power plants – Rocky Mount Telegram

Breaking News: Butterfield Is Optimistic that Duke Energy Progress’s Move to Purchase NCEMPA Ownership Interest Will Result in Lower Utility Costs

      For Release:  Immediate     Date: February 3, 2014   Contact: Kezmiché “Kim” Atterbury                          Office:    (202) 225.3101                Butterfield Is Optimistic that Duke Energy Progress’s Move to Purchase NCEMPA Ownership Interest Will Result in Lower Utility Costs   WASHINGTON, DC – Congressman G. K. Butterfield (NC-01) today released the following statement concerning…Read more Breaking News: Butterfield Is Optimistic that Duke Energy Progress’s Move to Purchase NCEMPA Ownership Interest Will Result in Lower Utility Costs

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…Read more Duke Energy to seek new CEO to settle merger investigation – WRAL

Compel Duke Energy to Justify Billions in Planned Rate Hikes, Watchdogs Urge Regulators in Merger Case – News Release from NC WARN – July 31st, 2012

Duke claims it doesn’t have to reveal merger costs to the public; NC WARN argues  nuclear fleet corrections dwarf public benefits and were key reasons in CEO firing Durham, NC – Today NC WARN filed a motion urging the NC Utilities Commission to compel Duke Energy to justify plans to charge customers more than $2.2…Read more Compel Duke Energy to Justify Billions in Planned Rate Hikes, Watchdogs Urge Regulators in Merger Case – News Release from NC WARN – July 31st, 2012

Fresh documents reveal more CEO machinations at Duke Energy

The N.C. Attorney General’s office on Wednesday released documents from Duke Energy that suggest that just months after the Progress-Duke merger was announced, Duke CEO Jim Rogers and Progress Energy CEO Bill Johnson were in tense discussions about Johnson’s future role with the utility. Johnson was slated to become CEO of the combined company. Instead,…Read more Fresh documents reveal more CEO machinations at Duke Energy

Two quit Duke Energy board, say new CEO needed

Response: So when will they undo this merger? This is just too much. It appears the merger is based on lies. Charlotte, N.C. — Two riled directors of America’s largest electric company resigned Friday, saying they were blindsided by a surprise management switch that has put pressure on Duke Energy Corp.’s credit rating and stock…Read more Two quit Duke Energy board, say new CEO needed

NC utilities probe of Duke Energy merger continues, 2 directors explain reasons for CEO switch – StarTribune

Response: Will Duke do what they want and then pass the cost on to the customers? Rocky Mount City Council and New Bern City Council tried to stop the merger while the others cities here in NC did nothing. It is a damn shame how cities sit back and do nothing but would have benefitted…Read more NC utilities probe of Duke Energy merger continues, 2 directors explain reasons for CEO switch – StarTribune

Duke Energy directors sued over executive shakeup – News & Observer

A Duke Energy shareholder has filed a lawsuit in Delaware’s Court of Chancery accusing 11 Duke board members of breaching their fiduciary duty in abruptly firing ex-Progress CEO Bill Johnson. The lawsuit, filed by Lesley C. Rupp of Alabama, does not ask for a specific amount in damages. Rather, it seeks to have the defendants,…Read more Duke Energy directors sued over executive shakeup – News & Observer

Duke Energy’s troubles far from done, analysts say – Rocky Mount Telegram

RALEIGH — Business experts who follow Duke Energy Corp. say the country’s biggest electric company has months of problems ahead after ousting the Progress Energy CEO who had been long been promised the job as chief of the post-merger giant. (More) See related: Duke & Progress Energy Merger

Federal regulators approve Duke Energy-Progress merger – Charlotte Observer

Duke Energy and Progress Energy won federal approval Friday night for a $26 billion merger that will create the largest utility in the country, based in Charlotte, with 7.1 million customers in six states. (More) See related: Progress and Duke Energy Merger  Federal regulators approve Duke-Progress merger with minor conditions

Activists protest Duke Energy’s annual meeting – Rocky Mount Telegram

CHARLOTTE – Environmental activists are blocking a train shipment of coal to a Duke Energy plant outside of Charlotte. The action comes the same day the utility company is holding its annual shareholder’s meeting in North Carolina’s largest city. (More) See related: Progress and Duke Energy Merger

North Carolina AG opposes Duke Energy rate hike – Source: Bloomberg Businessweek

DURHAM, N.C. North Carolina Attorney General Roy Cooper says he’s opposing Duke Energy Corp.’s proposal to raise the rates consumers pay for electricity. Cooper said Thursday the Charlotte-based utility’s bid to raise rates by an average of about 17 percent during hard economic times would make it harder for families to make ends meet. (Read…Read more North Carolina AG opposes Duke Energy rate hike – Source: Bloomberg Businessweek