http://www.wral.com/nc-regulator-to-vote-on-settling-duke-energy-probe/11836800/

North Carolina's utilities regulator was scheduled Monday to endorse a settlement ending its investigation into whether Duke Energy misled officials before they approved its takeover of its largest rival.

The North Carolina Utilities Commission had the power to reverse or change its earlier approval allowing the merger with Progress Energy to create the country's largest electric company. That risk would be buried if the deal is approved, along with embarrassing revelations about how Duke Energy board members soured on Progress Energy CEO Bill Johnson and plotted to sack him despite public statements he would lead the combined company.

The CEO switch hours after the merger closed July 2 shocked investors and consumers, prompted shareholder lawsuits, and sparked investigations by the utilities commission and state Attorney General Roy Cooper, whose probe continues.

Analysts hailed the settlement negotiated by the company as good for Charlotte-based Duke Energy, the utilities commission's staff, and its division responsible for protecting consumers. Investors bid shares in the company 2.3 percent higher Friday to $63.85; the stock price had been down more than 8 percent since the day before the deal closed.

But energy watchdog Jim Warren called the settlement deal a sell-out by regulators. The deal "represents a huge gift to Duke Energy," which Warren said "wields an embarrassing level of influence over various levels of our state government."

12/3/2012 9:43:49 AM

I think this was an important detail

Quote :

"The settlement included several management reshuffles advancing former Progress Energy executives favored by regulators."

12/3/2012 10:48:03 AM

You copy and pasted paragraphs together that weren't in that order in the original article

12/3/2012 4:45:50 PM

you didn't even put it in a quote block. You plagiarizer.

12/3/2012 5:10:18 PM

^^ I am guessing they re-edited it later. This is how it was when I copied it. Sorry for not using a quote block. Deal with it.

12/3/2012 5:14:49 PM

From the comments section:

Quote :

"Thank God we have huge corporate monopolies and the REPUBLICAN party to protect them! Just wait till Pat$ McCrory$ takes office, you know, the guy who works as a lobbyist for Duke Power and refuses to disclose his income taxes? Yeah, that guy. Whheeeeee!!!!! geosol"

Looks like someones been reading: http://whopaysmccrory.com/tag/duke-energy/

12/3/2012 8:26:57 PM