NC group challenges Duke Energy merger settlement - WNCN: News, Weather

NC group challenges Duke Energy merger settlement

Posted: Updated:
RALEIGH, N.C. -

A clean-energy advocacy group is asking a North Carolina appeals court to reopen a probe into whether Duke Energy misled state regulators before a merger that made it the country's largest electric company.

The state Court of Appeals plans closed-door discussions Wednesday into the legal challenge by the group NC WARN. The group says last year's settlement closing a North Carolina Utilities Commission investigation should be reconsidered.

The state regulator investigated Duke Energy after it rushed to complete the Charlotte-based company's merger with Raleigh's Progress Energy ahead of a deadline.

Duke Energy shocked investors and consumers by quickly firing Progress Energy CEO Bill Johnson, who was supposed to head the combined company. The surprise CEO switch prompted shareholder lawsuits and led to consumers accusing the commission of being duped.

  • North Carolina NewsMore>>

  • No swimming at some NC beaches due to high bacteria levels

    No swimming at some NC beaches due to high bacteria levels

    Wednesday, July 23 2014 12:36 PM EDT2014-07-23 16:36:19 GMT
    A map of the swimming areas along the NC coast that are affected by the recent high levels of bacteria.A map of the swimming areas along the NC coast that are affected by the recent high levels of bacteria.
    Six advisories and three alerts were issued against swimming Tuesday at nine ocean-side sites along the coast of North Carolina.
    Six advisories and three alerts were issued against swimming Tuesday at nine ocean-side sites along the coast of North Carolina.
  • Fortune 500 firm Sealed Air moving HQ to Charlotte

    Fortune 500 firm Sealed Air moving HQ to Charlotte

    Wednesday, July 23 2014 10:34 AM EDT2014-07-23 14:34:57 GMT
    Sealed Air Corp. is moving nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters. Sealed Air Corp. is moving nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters.
    North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from several other states.
    North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from several other states.
  • NC man found dead on front steps of home

    NC man found dead on front steps of home

    Homicide investigators in Lumberton are looking into the death of a man who was found on the front steps of his home.
    Homicide investigators in Lumberton are looking into the death of a man who was found on the front steps of his home.
  • Trending StoriesTrending StoriesMore>>

  • Couple arrested for having sex on Cortez Beach in front of beachgoers

    Couple arrested for having sex on Cortez Beach in front of beachgoers

    Tuesday, July 22 2014 1:08 PM EDT2014-07-22 17:08:35 GMT
    Bradenton Beach police officers were dispatched to Cortez Beach after a few people called 911 and complained about a couple having sex publicly, right next to a little girl on the beach.
    Bradenton Beach police officers were dispatched to Cortez Beach after a few people called 911 and complained about a couple having sex publicly, right next to a little girl on the beach.
  • Largest companies by revenue in each state

    Largest companies by revenue in each state

    Thursday, July 10 2014 8:01 PM EDT2014-07-11 00:01:10 GMT
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
  • Houston school district holds 2nd job fair in Raleigh

    Houston school district holds 2nd job fair in Raleigh

    Wednesday, July 23 2014 6:27 AM EDT2014-07-23 10:27:25 GMT
    File photoFile photo
    A Texas school district is once again holding a job fair for teachers in Raleigh.
    A Texas school district is once again holding a job fair for teachers in Raleigh.
Powered by WorldNow

1205 Front St., Raleigh
N.C., 27609

Telephone: 919.836.1717
Fax: 919.836.1687
Email: newstips@wncn.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.