91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines 89.9 Chadbourn
Business & Economy

Duke Energy Finalizes Merger

WUNC | By Gurnal Scott
Published July 3, 2012 at 3:55 PM EDT
  • Facebook
  • Twitter
  • LinkedIn
  • Email

Duke Energy is now the largest utility in the country. But the company is moving forward without its expected leader.

Gurnal Scott: Duke Energy held a conference call with reporters to mark the merger's completion. And board member Anne Maynard Gray had another announcement.

Anne Maynard Gray: Bill Johnson has resigned as president and chief executive officer of the combined company by mutual agreement with the board.

Gray didn't give any specifics but credited Johnson with playing a major role in the merger process. New CEO Jim Rogers says he realizes there are those in the new company who are loyal to Johnson.

Jim Rogers: We have a very experienced team from both companies. And I look forward to working with everyone to integrate this company.

Duke Energy cleared its last regulatory hurdle when South Carolina approved the merger plan yesterday.

Business & EconomyDuke EnergyProgress EnergyMerger
  • Facebook
  • Twitter
  • LinkedIn
  • Email
Gurnal Scott
Gurnal Scott joined North Carolina Public Radio in March 2012 after several stops in radio and television. After graduating from the College of Charleston in his South Carolina hometown, he began his career in radio there. He started as a sports reporter at News/Talk Radio WTMA and won five Sportscaster of the Year awards. In 1997, Gurnal moved on to television as general assignment reporter and weekend anchor for WCSC-TV in Charleston. He anchored the market's top-rated weekend newscasts until leaving Charleston for Memphis, TN in 2002. Gurnal worked at WPTY-TV for two years before returning to his roots in radio. He joined the staff of Memphis' NewsRadio 600 WREC in 2004 eventually rising to News Director. In 2006, Raleigh news radio station WPTF came calling and he became the station's chief correspondent. Gurnal’s reporting has been honored by the South Carolina Broadcasters Association, the North Carolina Associated Press, and the Radio Television Digital News Association of the Carolinas.
See stories by Gurnal Scott
More Stories
  1. Environmental advocates say Duke Energy carbon reduction plan doesn’t go far enough
  2. Is Duke Energy on a path to carbon neutrality? State regulators to review emission, generation plans
  3. Environmental groups tell appeals court NC regulators erred with rooftop solar decision
  4. Latest Duke Energy proposal on carbon reduction includes surging demand projections
  5. Toxic coal ash poured into the Dan River 10 years ago. The spill left a legacy of legislation and change