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Duke Energy (DUK) CEO Jim Rogers is today due to appear before a hearing of the N. Carolina...

Duke Energy (DUK) CEO Jim Rogers is today due to appear before a hearing of the N. Carolina Utilities Commission about the ouster of Bill Johnson just hours after the closure of Duke's acquisition of Progress Energy. The commission, which has said it might not have authorized the deal had it known about the "management structure," has the power to rescind its approval, although this is seen as unlikely.
Comments (2)
  • Anticipation of this event will be more worrisome compared to the aftermath. The end result will be Jim smoothing over the commissioners with his usual charm (I hope.) I've seen him in action before. He looks them in the eye and shows a great amount of understanding that will provide confidence that their concerns will be well considered and that the end result will be a better utility service for North Carolina.

     

    The stock trade may continue to suffer and I am prepared to add to my position on any further decline.
    10 Jul 2012, 06:35 AM Reply Like
  • Jim Rogers is the best at what he does, he is responsible for the success of DUK. Emotional selling b/c of a few disgruntled PE stakeholders will come back and haunt them $$$ later.

     

    The Commission, not a few members, probably would not have approved this merger had Rogers not been involved.
    10 Jul 2012, 10:08 AM Reply Like
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