NC official probes utility merger after CEO change

Published July 7, 2012 12:08am ET



RALEIGH, N.C. (AP) — The sudden decision to replace the chief executive tapped to run America’s largest electric company has prompted North Carolina’s attorney general and regulators to launch investigations into whether consumers were misled.

Attorney General Roy Cooper on Friday demanded that the new Duke Energy Corp. provide all information and communications from top company officials and directors leading up to and just after the merger that was concluded on Monday. The North Carolina Utilities Commission said it’s launching an investigation and is ordering the new Duke Energy CEO, Jim Rogers, to appear at a hearing Tuesday

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