Regulators to quiz CEO ousted in utility takeover

Published July 18, 2012 9:50pm ET



RALEIGH, N.C. (AP) — North Carolina regulators awaited testimony Thursday from the CEO ousted by Duke Energy Corp. within hours of becoming the top executive of the country’s largest electric company.

The North Carolina Utilities Commission said it wants to know what it wasn’t told as the company pushed regulators to meet a deadline earlier this month for the takeover of Raleigh-based Progress Energy Inc.

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