Duke Energy (DUK) fired Bill Johnson after its merger with Progress Energy partly because of his...

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

Duke Energy (DUK) fired Bill Johnson after its merger with Progress Energy partly because of his autocratic leadership style, CEO Jim Rogers told a hearing of the N. Carolina Utilities Commission yesterday. There were also concerns about Progress' nuclear assets and the utility's poor performance since the deal was announced 18 months ago.