RALEIGH, N.C. (AP) — North Carolina utilities regulators are scheduled to hear from two of the Duke Energy directors with key roles in forcing out the CEO within hours of forming the country’s largest electric company.
The North Carolina Utilities Commission continues its investigation of the merger’s aftermath with testimony Friday from Ann Maynard Gray and Michael Browning.
Duke Energy CEO Jim Rogers says they played central roles in the decision to force out CEO Bill Johnson after the takeover of Progress Energy Inc.
The commission heard Thursday from Johnson and two members of Progress Energy’s former board of directors who joined the expanded Duke Energy board. All said the decision to dump Johnson was well planned.
Duke Energy has 7 million electricity customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.
