Dive Summary:

• Last week's North Carolina Utilities Commission hearings exposed disagreements and tensions on Duke Energy's board.
• The hearings also showed how adverserial Duke's relationship with state regulators has become since its July 2 merger with Progress Energy closed.
• Tom Williams, a company spokesman, told Bloomberg that the integration process has not been slowed due to former Progress and brief Duke chief executive Bill Johnson's removal, but analysts worry about board divisions.

From the article:

Duke Energy (DUK) Inc. faces a divided board, alienated regulators and demoralized employees as state officials investigate management upheaval following its $17.8 billion takeover of Progress Energy Inc.

Distrust and disagreement between the two now-joined companies was stoked by an 18-month merger process, with tensions flaring between chief executive officers in the six months before the deal closed July 2, Duke directors and Progress’s ousted CEO said at hearings before the North Carolina Utilities Commission last week. ...