Dive Summary:
- The North Carolina Utilities Commission announced Thursday that it had reached a deal with Duke Energy, ending its investigation into the summer's merger with Progress Energy and resulting in CEO Jim Rogers retiring by the end of 2013, the Wall Street Journal reports.
- Duke's board ousted CEO Bill Johnson hours after the merger was complete, raising questions among regulators about previous understandings about how the joining of the two companies would proceed.
From the article:
"... The North Carolina Utilities Commission said Thursday that its consumer-protection division and Duke reached a deal ending the probe into whether the company misled the regulator ahead of approving the merger."
