Uncategorized

Rogers pledges new Duke Energy will be good for consumers, despite shaky start (video)

The North Carolina Utilities Commission made their displeasure known Tuesday at Duke Energy’s sudden decision last week to oust Bill Johnson as president and chief executive, just hours after its merger with Progress Energy was finalized.

Duke Chief Executive Jim Rogers did his best to ease the concerns of state regulators noting that Duke’s board of directors had begun to lose confidence in Johnson in the weeks leading up to the merger, but had not officially decided to replace him at the helm of the combined company.

Commissioner Bryan Beatty pointedly asked Rogers why none of this had been raised with the Utilities Commission before the merger was green-lighted.

Rogers said his board was focused on the benefits of the deal, and did not believe the state regulators could stipulate who would act as the CEO of the utility:

“It is solely within the discretion of a corporation to determine who is in what position in a corporation,” explained Rogers. “There is no precedent where any state commission has ordered that a certain person be in a certain position.”

The state Utilities Commission does have the power to rescind its decision approving the merger. But no decision was made Tuesday.

Commission Chairman Ed Finley said it was clear that both sides would have to work on rebuilding a level of trust moving forward.

To watch some of the highlights of  the four-hour hearing, click below:

One Comment


  1. […] Chief Executive Jim Rogers told a much different story. Rogers said Duke’s board of directors had lost confidence in Johnson in the weeks leading up to the merger, describing Johnson’s leadership style as […]

Check Also

Senate President: Governor “reactionary” in call to remove Confederate monuments, legislature unlikely to repeal 2015 law

When the General Assembly convenes in special session ...

Top Stories from NCPW

  • News
  • Commentary

State Board of Elections & Ethics Enforcement refuses to disclose any details of probe into alle [...]

Senate favors form of merit selection for judges as alternative to House judicial redistricting bill [...]

North Carolinians hoping to find out who’s been funding Rep. Justin Burr’s crusade this legislative [...]

The SePro Corporation is receiving as much as $1.3 million in taxpayer money to chemically kill the [...]

Lawmakers to return to Raleigh yet again; agenda may include dangerous “de-reg” proposal The North C [...]

The three federal judges could have just come right out and said it: The Republicans who rule the N. [...]

3---number of states that adopted new state Earned Income Tax Credits in 2017---Montana, Hawaii, and [...]

The post Total Eclipse (of Democracy) appeared first on NC Policy Watch. [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more