• Duke Energy Corp. Chief Executive Jim Rogers told North Carolina regulators Tuesday that directors from Duke questioned the style and performance of Bill Johnson as CEO of Progress Energy in the wake of the two companies' merger this month, which critics want overturned.
• The North Carolina Utilities Commission listened as Rogers said the handling of problems at a Progress nuclear reactor in Florida, corporate earnings and a perception that Progress executives felt they were taking over Duke figured in a decision to ask for Johnson's resignation as soon as the companies joined.
• Rogers told the commission that three top executives from Progress resigned after Johnson did.

From the article:

Duke Energy Corp. Chief Executive Jim Rogers told North Carolina regulators on Tuesday that Duke's board was concerned about Progress Energy CEO Bill Johnson's "ability to lead the combined company."

The abrupt ouster of Mr. Johnson just hours after Duke merged with Progress Energy is adding to the pressure on officials, who already faced public criticism for letting the state's two biggest electric utilities merge. ...