Dec 3 North Carolina's utility regulator on
Monday gave full approval to a settlement with Duke Energy Corp
over the company's leadership plans following its
takeover of Progress Energy, Duke said.
The settlement with the North Carolina Utilities Commission
includes a firm end-2013 departure date for Duke Chief Executive
Jim Rogers, and provisions to guarantee Duke employment in the
state and savings for its customers there.
The agreement was orally approved on Monday, Duke said. "The
settlement agreement resolves all matters related to the NCUC
investigation," the company added in a statement.