Tagged: Duke Energy

Duke Energy CEO Jim Rogers was in Florida's capital of Tallahassee yesterday to testify before power regulators there. the members of the Florida Public Service Commission questioned Rogers on the leadership change at the utility and about a failing nuclear facility in that state. Rogers said despite the issues the company faces, the Sunshine State is important to the company's future.

Duke Energy announced its first in a series of rate cuts.

Leoneda Inge:  Duke Energy and Progress Energy promised if the companies were allowed to merge they would implement millions of dollars in utility rate cuts one month after the merger was approved.  The first round of cuts comes to about 89-million dollars.

Inge:  Yeah, I was just about to say, it’s about a dollar a month, hugh?

Tom Williams: It’s about a dollar month, but you know we have just begun this process

Some new legal minds will be taking a look at the controversial Duke Energy-Progress Energy merger.

Duke Energy is looking for new board members since the resignation of two former Progress Energy directors. 

The watch-dog group NC Warn continues to fight against the merger of Duke Energy and Progress Energy.  Yesterday the group filed motions with state regulators to try to re-open the merger hearings.

Leoneda Inge:  One claim NC Warn is making involves more than two-billion dollars Duke Energy plans to spend repairing and upgrading Progress Energy’s nuclear plants.   Jim Warren is executive director of NC Warn. He says Duke Power never disclosed that figure during the merger hearings. Warren fears customers will end up paying in the end.