Regulators to quiz CEO ousted in utility takeover

Electricity   Policy
By Emery P. Dalesio on July 19, 2012

RALEIGH, N.C. (AP) — North Carolina regulators awaited testimony Thursday from the CEO ousted by Duke Energy Corp. within hours of becoming the top executive of the country's largest electric company.

The North Carolina Utilities Commission said it wants to know what it wasn't told as the company pushed regulators to meet a deadline earlier this month for the takeover of Raleigh-based Progress Energy Inc.

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North Carolina Utilities Commission
Duke Energy Corp.
Progress Energy Corp.
Bill Johnson
Jim Rogers
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