Duke Energy In Settlement Talks With NC Regulators

Law360, New York (August 2, 2012, 2:00 PM EDT) -- Duke Energy Corp. has begun negotiations with the North Carolina Utilities Commission over a possible settlement over issues stemming from its unexpected CEO switch last month after merging with Progress Energy Inc., current CEO Jim Rogers announced Thursday.

Dropping the news alongside the company's second-quarter earnings report, Rogers said Duke was in talks with the commission that last month summoned him to defend the ouster of Progress Energy's CEO Bill Johnson just hours after the two companies merged in a $26 billion deal. The commission has...
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