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

Ten great Twitter pics from last weekend’s #MarchforScience

One of our organizers representing at the science ...

Top Stories from NCPW

  • News
  • Commentary

Conference comes a day after new report lauds benefits of same-day registration The new line-up for [...]

North Carolina’s largest public school system may be warning of “enormous disruptions” without speed [...]

Carol Turner hadn’t lived in North Carolina long before last November’s election. A retired nurse, s [...]

Controversy over class-size requirements in early grades has emerged as the biggest issue facing Nor [...]

The wisdom of the plan by Senate leaders to cut taxes by $839 million was called into question this [...]

Several years of tax cuts have not fixed our economic problems, and more of the same won’t either In [...]

Progress on “second chance” agenda marks a rare positive development in state policy wars There are [...]

24 million---the number of people in the United States who would lose health care coverage by 2026 u [...]

Featured | Special Projects

Trump + North Carolina
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.
Read more


HB2 - The continuing controversy
Policy Watch’s comprehensive coverage of North Carolina’s sweeping anti-LGBT law.
Read more