Analysts: Duke Energy's troubles far from over
RALEIGH, North Carolina (AP) — Business experts who follow Duke Energy Corp. say the biggest U.S. electric company has months of problems ahead after ousting the Progress Energy CEO long-promised to take over the post-merger giant.
The North Carolina Utilities Commission was showered last week with criticism from electricity consumers angry that the regulator seemed too cozy with companies they're supposed to watchdog. Others are angry that the departure of former Progress Energy CEO Bill Johnson means he walks away with nearly $45 million in severance, pension, deferred compensation and stock.
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