Dive Summary:
- Duke Energy officials met with the U.S. Securities and Exchange Commission last month after regulators asked for more information regarding Bill Johnson's brief tenure as CEO.
- Duke has held talks with the state's utilities commission in an attempt to settle its investigation into the matter; the commission has hired attorneys who will spend November interviewing Duke officials linked the the investigation.
- In a separate matter, the North Carolina Supreme Court on Tuesday will hear Attorney General Roy Cooper's claim that economic pain wasn't considered in Duke Energy Carolinas' most recent rate increase.
From the article:
Duke Energy officials met with staff members of the U.S. Securities and Exchange Commission late last month after the federal regulator requested more information about the circumstances surrounding the firing of Bill Johnson.
Duke said in a recent regulatory filing that the SEC wanted more information about the decision, which triggered both an N.C. Utilities Commission investigation and a number of shareholder lawsuits. ...