Tuesday - May 28, 2024
Duke Energy Facing Trouble
Written by Josh Zach   
Saturday, 07 July 2012 10:01

(RALEIGH) -- Duke Energy is facing trouble from North Carolina regulators following its last-minute decision to swap CEOs. North Carolina's attorney general wants documents and all communications from inside Duke Energy to determine whether consumers were misled prior to the merger.


Progress Energy CEO Bill Johnson was supposed to lead the new Duke Energy following the merger, but resigned by mutual agreement just hours after the companies combined. Despite his short lived position, he could leave with up to 44.4 million dollars in exit pay.

Meanwhile, Standard & Poor's Financial Services has placed Duke's A- credit rating on its Credit-Watch with negative implications "in response to abrupt change in executive leadership."

Last Updated on Tuesday, 10 July 2012 00:00
 
Banner
Banner
Banner
Banner
Banner
Banner

 

NCNN is a division of Curtis Network Group, Inc.
3012 Highwoods Blvd. - Suite 201 - Raleigh, NC 27604
Office/Sales: 919-790-9392 | Newsroom: 919-878-1724
Copyright © 2018 - Curtis Media Group, Inc.