NC group challenges Duke Energy merger settlement - WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports

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>>

  • Marijuana group celebrates 4/20 with new Raleigh chapter

    Marijuana group celebrates 4/20 with new Raleigh chapter

    Monday, April 21 2014 5:09 AM EDT2014-04-21 09:09:11 GMT
    On this twentieth day of April, 4/20, some people in Raleigh are pushing for changes to the state's marijuana laws.
    On this twentieth day of April, 4/20, some people in Raleigh are pushing for changes to the state's marijuana laws.
  • NC report expands on jobless rate drop, more work

    NC report expands on jobless rate drop, more work

    North Carolina officials are releasing a report offering more details on employment conditions in March, when nearly 20,000 jobs were added and the jobless rate fell to 6.3 percent.
    North Carolina officials are releasing a report offering more details on employment conditions in March, when nearly 20,000 jobs were added and the jobless rate fell to 6.3 percent.
  • McCrory coal ash announcement miffs GOP lawmakers

    McCrory coal ash announcement miffs GOP lawmakers

    Sunday, April 20 2014 3:48 PM EDT2014-04-20 19:48:26 GMT
    Some lawmakers say they were surprised and miffed by fellow Republican Gov. Pat McCrory's announcement that he's seeking legislation to beef up government oversight of coal ash dumps.
    Some lawmakers say they were surprised and miffed by fellow Republican Gov. Pat McCrory's announcement that he's seeking legislation to beef up government oversight of coal ash dumps.
Powered by WorldNow

1336 Augusta West Parkway
Augusta, GA 30909

Telephone: 706.722.6664
Email: talkback6@wjbf.com

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