Duke energy company chief executive Jim Rogers (Jim Rogers) will step down, as the largest power company in charge of the reconciliation and north Carolina utilities regulators over survey of purchase by the end of 2013 in part of the national competition Progress energy.
North Carolina public utilities commission and Duke Energy (Duke Energy) said on Thursday, in trade over voltage regulator of the probe to the company whether misled the commission merger approval. The committee has the right to overthrow or change its approval.
After the merger of time to finish the July 2,, duke energy the board of directors of the company ousted progress energy company chief executive bill Johnson, who should take over the company after incorporating. It has agreed to let him in the whole process to combine the two "wealth" 500 strong energy company, headquartered in north Carolina 18 months. The agreement to establish the largest electric power company.
National regulators and attorney-general Roy cooper to launch an investigation, the duke of requires the internal documents and communication. The committee hired former federal prosecutor to explore whether there is a duke energy company executives and the members of the board of directors tell regulators, Johnson will lead the merged company, at the same time secret arrangement dumped him. A spokesman said cooper, attorney-general investigation will continue.
, Johnson was employed as the beginning of this month the Tennessee river basin administration, the country's largest utilities chief executive.
"The conciliation agreement, because it is an important step forward in the movement for the company to solve our key short-term one of the priorities: after" committee review, Rogers said in a statement. He retired on December 31, 2013 effect.
Duke energy company currently has 7.1 million residents and enterprise customers in north Carolina, south Carolina, Ohio, Kentucky and indiana and Florida. It is not immediately replace named CEO.
Duke energy company also need to improve the power price for 19000 north Carolina customers for charlotte company plans in early February submit regulatory approval.
Rogers become duke energy company's President and chief executive officer, the 2006 merger for 11 years, he had led the Cincinnati, Ohio Cinergy company. Rogers had planned before the end of the year at duke university back as the CEO of the reorganization and Johnson.
When he took over the company after incorporating, now called duke energy head, and his date of departure is no longer set.
The commission is expected in Monday's trading, in order to put an end to its approval.
Although the settlement agreement stipulates some management come and go, it does not involve the regulator, in the company's decision, as the company's some supporters had to worry about.
Chief solicitor marc manley end will offer his seat to a new top lawyer. Lloyd Yeats, from Progress Energy company, will serve as the executive vice President, responsible for the regulated state power of subsidiary company. Former Progress Energy company general counsel John MacArthur, who resigned after purchase, will receive a two-year position, in north Carolina supervision and legislation to provide opinion matters.
Duke energy agreed to reserve looking for Rogers's successor, the former duke university and the former progress of board members, plus the number of the members of the board of directors of the new external equilibrium. The committee also will search for two new members of the board of directors to replace the former director of the progress in this summer resigned in protest.
A new director committee will meet with public utilities commission, listen to them think about the activities of the board of directors.
Duke energy company commitment through along the north Carolina customers, not shareholders' an additional $250000 beautiful yuan merger related savings, $5 million employees on development and low-income aid, and promised to keep at least 1000 employees in raleigh at least 5 years.
Duke energy company denied do wrong, do our best to make up for, public utilities commission said, the agreement including the company issued a statement, admit it has "fallen duke university obligations" as a regulated utilities commission understanding.




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