• Lesley C. Rupp said in papers filed in Delaware's Chancery Court that the surprise switch from Bill Johnson to Jim Rogers as CEO after Duke locked in its merger with Progress Energy is likely to have financial impacts in a number of areas.
• Rupp wants 11 Duke directors who voted to oust Johnson hours after he became CEO to pay Duke's losses and expenses if they happen and also to pay “interest at the highest rate allowable by law."
• Duke's share price is down since the switch, which brought ongoing inquiries by the North Carolina Utilities Commission and the state attorney general, and the suit says other costs do or could include rate-increase denials by angry regulators, extra expenses for the package Johnson was given to resign, severance for three other ex-Progress executives who followed Johnson out the door and a range of likely legal expenses.

From the article:

A Duke Energy shareholder has filed a lawsuit in Delaware’s Court of Chancery accusing 11 Duke Board of Directors of breaching their fiduciary duty in abruptly firing ex-Progress CEO Bill Johnson. ...