- North Carolina Attorney General Roy Cooper's staff is asking the firm of Duke Energy director Michael Browning of Indianapolis and from New York corporate-communications firm Joele Frank, Wilkinson Brimmer Katcher.
- Cooper began looking at the merger after a Duke-majority board asked former Progress Energy CEO Bill Johnson to resign as CEO of the new company less than a day after the merger took effect. They replaced him with former Duke and now merged-Duke CEO Jim Rogers.
- The attorney general's investigation parallels ongoing review from the North Carolina Utilities Commission, which approved the merger and then was blindsided by the switch from what it had been told would be the management structure of Johnson as CEO and president and Rogers as executive chairman.
From the article:
Attorney General Roy Cooper is seeking more documents in his probe of the Duke Energy-Progress Energy merger.
Cooper’s staff on Friday demanded records from the Indianapolis firm of Michael Browning, a longtime Duke director, and from a New York communications company that did work for Duke. ...