North Carolina utilities regulators released a letter of apology from Duke Energy (DUK +0.3%)...

North Carolina utilities regulators released a letter of apology from Duke Energy (DUK +0.3%) CEO Jim Rogers, which was required by a settlement ending the commission's probe into whether regulators were misled about a surprise CEO switch at the company that left DUK's Rogers with the job. Last month, in what appeared to be a veiled threat, Rogers said that unless regulators treated Duke Energy fairly and properly, it might not keep its headquarters in North Carolina.

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Comments (3)
  • Rousseau SC
    , contributor
    Comments (284) | Send Message
    Sic'em Duke
    12 Dec 2012, 03:26 PM Reply Like
  • old crank
    , contributor
    Comments (20) | Send Message
    Officious busybodies.
    12 Dec 2012, 04:15 PM Reply Like
  • MexCom
    , contributor
    Comments (3069) | Send Message
    The Commission shot itself in the foot. They realized that any further penalizing would just hurt the NC rate payer. Rogers handled himself admirably with a very difficult situation. Johnson was not the man for the job. The BOD did the best they could to accommodate him but he just would not change his management style that was considered abhorrent. The real issues can now be better considered. DUK's Sr. management in Charlotte will better cleanup the Progress tasks of plant maintenance and finances.
    12 Dec 2012, 04:17 PM Reply Like
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