Tagged: NC Utilities Commission

Energy watchdog group NC WARN is asking state utilities commissioners to look at an alternative way for companies to generate electrical power.  NC WARN sent a report to commissioners outlining a process called "cogeneration” that allows businesses to use an on-site turbine to generate electricity and capture escaping heat.  The group's report says doing that can drop the rate of wasted energy from 55 percent to as low as 20 percent.

State regulators have accepted the terms of a settlement with Duke Energy over its merger with Progress Energy.

The utility commission's vote was unanimous on the agreement terms announced last week. Duke Energy will move ahead with changes that include Jim Rogers' retirement as C-E-O. He plans to spend another year running the company But spokesman Tom Williams says Rogers could step away sooner.

The state attorney general's office is going before the state Supreme Court to challenge a rate increase for Duke Energy.

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

The North Carolina Utilities Commission spent hours yesterday questioning ousted Duke Energy CEO Bill Johnson.  The former Progress Energy leader says he was stunned by the controversial turn of events that transpired once the two companies merged.

Edward Finley:  There were no issues with respect to who would be the president and who would be the CEO.

Bill Johnson:  No, there were a lot of interesting questions and issues in the hearings, but that was not one of them.

The decision to permit a Duke Energy-Progress Energy merger in now in the hands of state regulators.

Gurnal Scott: North Carolina Utilities Commission chairman Ed Finley was non-committal after yesterday's hearing.