Share “NC regulator approves Duke Energy probe...”

NC regulator approves Duke Energy probe settlement

Published on NewsOK Modified: December 3, 2012 at 12:20 pm •  Published: December 3, 2012
Advertisement

RALEIGH, N.C. (AP) — Duke Energy has formalized deals that ended separate investigations by North Carolina regulators and the attorney general into whether the utility misled officials before a merger that made it the country's largest electric company.

The deals seek to balance greater oversight of the company with flexibility for its executives.

The North Carolina Utilities Commission voted unanimously Monday to approve a settlement announced last week and negotiated by its staff and Duke Energy lawyers. Among other matters, the deal defines CEO Jim Rogers' retirement at the end of 2013. He took over after Progress Energy CEO was ousted in a surprise move.

Attorney General Roy Cooper's office said Monday it is ending its probe with a separate settlement that seeks heightened consumer protection oversight of the company.


AROUND THE WEB

  1. 1
    It's back: FEC says regulating Internet, Google, Facebook under its 'purview'
  2. 2
    Lawyers offered to pay this street band to stop playing. It said ‘no.’
  3. 3
    Nancy Lieberman calls becoming Kings assistant a 'Crazy, wonderful day'
  4. 4
    Report: Russell Wilson, Seahawks agree to 4-year, $87.6 million extension
  5. 5
    Dez Bryant says $70 million deal 'no pressure'
+ show more

FEATURED JOBS



× Trending energy Article