Regulators to quiz CEO ousted in utility takeover
North Carolina regulators expect testimony Thursday from the CEO ousted by Duke Energy Corp. within hours of becoming the top executive of the country's largest electric company.
Utilities
Articles
Duke Energy seeks delay in CEO-switch testimony
Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors, including local businessman Michael Browning, about the surprise CEO switch at the top of America's largest electric company.
Browning ordered to testify over Duke Energy CEO’s ouster
Indianapolis real estate developer and Duke Energy Corp. director Michael Browning has been ordered to appear Friday before the North Carolina Utilities Commission, which is investigating the unexpected ouster of the utility’s new CEO just hours after the company merged with Progress Energy Inc.
Chrysler seeks $2.5M utility deposit from Duke Energy Indiana
The automaker is asking the Indiana Utility Regulatory Commission to look into its dispute with Duke Energy—and order the utility to return a deposit it required to keep the power on at Chrysler's Kokomo plants.
Indiana creates new rules on utility tree-trimming
Changes include requiring Indiana utilities to provide at least two notices to owners two weeks before the scheduled trimming.
Fire, water worries grow worse amid Indiana drought
Indianapolis Mayor Greg Ballard is banning lawn watering in the city beginning Friday, and all smoking has been banned during a county fair in central Indiana because of the conditions caused by this summer's drought.
Duke to NC regulators: CEO’s term not guaranteed
Jim Rogers, Duke Energy Corp.’s surprise CEO, said America’s largest electric company dumped Progress Energy Inc. CEO Bill Johnson because directors of the two merging corporations worried about Johnson’s authoritarian style and being forced to pump billions into a troubled Florida nuclear plant.
Sudden Duke Energy CEO shift puts Rogers in spotlight
Three former board members of Progress Energy Inc. said they would have voted against Duke's $17.8 billion takeover offer had they known Rogers would remain in charge of the combined companies.
Rogers stays in charge at Duke Energy after CEO resigns
Duke Energy Corp. on Tuesday unexpectedly announced the resignation of Bill Johnson, previously named to be the CEO after its $17.8 billion takeover of Progress Energy Inc. James Rogers has been named CEO of the merged companies effective immediately.
N.C. regulators clear hurdle to Duke-Progress merger
North Carolina utility regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company.
Indianapolis sets water-use records amid drought
The water company for Indianapolis and some of its suburbs is asking customers to cut back on lawn watering after setting records this week for one-day use.
Duke foes skeptical about Edwardsport price tag
Utility denies claim it is trying to sidestep $2.6 billion cap on costs that can be passed along to ratepayers.
Attorney general blames high gas prices on refinery shutdown
AAA says Indiana's average price of $3.78 per gallon was the seventh-highest in the nation.
Citizens Energy looking to fuel big rigs
Local utility trust Citizens Energy Group plans to sell liquefied natural gas for use in cross-country semi trucks as a lower-cost alternative to diesel fuel.
State regulators order Duke Energy to release documents
The Indiana Utility Regulatory Commission ruled that emails and reports about the troubled Edwardsport coal gasification plant contain only general communications between Duke and its contractors and are not protected from disclosure.
State, utility plan cleanup of long-closed gas plant
Indiana's environmental agency and Duke Energy Corp. are moving ahead with the cleanup of a long-closed manufactured-gas plant in Shelbyville.
Sierra Club pressures utilities to find alternatives to coal
Dave Menzer, director of the Sierra Club’s new “Beyond Coal” campaign in Indiana, aims to spark discussion about the health and environmental costs of the state’s bituminous bounty that for years has brought relatively cheap electric rates.
Utilities, public clash on tree-trimming policies
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
Companies seek solar-panel lease contracts from city
The City-County Council is set to hear a proposal by two companies to lease space on city-owned rooftops and sell electricity generated by solar panels installed in those spots.
Work on central Indiana wind farm set for this summer
A company planning to build a wind farm spread across four central Indiana counties north of Indianapolis says it has obtained 125 building permits for the project's first phase.