Duke energy merger

• As Duke Energy faced increasing regulatory hurdles to buy Progress Energy, it tried to back out of the deal, the ousted chief of the combined company said in testimony on Thursday.
(New York Times)
• RALEIGH, North Carolina, July 19 (Reuters) - Duke Energy Co had buyers remorse and sought to Duke might try to use a burdensome regulatory affect clause in the merger agreement to halt the deal, he said.
(Reuters)
• The merger of Duke Energy Corporation and Progress Energy, Inc. has the potential to create substantial long-term economic, environmental and social value for shareholders and society as a whole.
(San Francisco Gate)
• The North Carolina Utilities Commission on Thursday quizzed Bill Johnson, the executive who was dropped within hours of Dukes July 2 merger with Progress Energy Inc.
(AP - NBCNews.com)
• RALEIGH -- Ousted Duke Energy CEO Bill Johnson said Duke officials made every effort to get out of the proposed merger in the six months leading up to deal's closing earlier this month. Johnson, testifying Thursday morning before the N.
(The News & Observer)
• Duke Energy Corp. is trying to reassure customers as state regulators prepare to hear more about a management shake-up at the utility following its recent merger with Progress Energy Inc. The fallout over the merger between Duke Energy Corp.
(WRAL)
• For much of the past decade, Progress Energy had an edge on Duke Energy Then everything changed after Raleigh-based Progress and Charlotte-based Duke proposed a corporate merger in January 2011.
(Winston-Salem Journal)
• Bill Johnson, the man who was chief executive officer of Duke Energy Corp. (DUK the former CEO of Duke who was supposed to become executive chairman after the merger closed.
(Businessweek)
• on July 19 that he believes Duke Energy (NYSE: DUK) wanted to back out of the merger agreement it had made with Progress. "I was convinced he was trying to walk out of the deal," Johnson said of Jim Rogers, now president and CEO of Duke Energy.
(power-eng.com)