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Utilities Commission faces risks in ousting Duke CEO

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Restoring trust between Duke Energy and the N.C. Utilities Commission could lead to a settlement that replaces reinstated CEO Jim Rogers, a state official says. While state law gives the commission broad authority, some legal experts say it would be a mistake for the commission to try to force a management change on Duke. Commission chairman Edward Finley has hinted that the commission could address Duke’s management as it investigates the forced resignation of former Progress Energy chief Bill Johnson hours after the companies merged. As hearings wound down last week, Finley suggested members could add a provision “that has some indication of who the CEO will be.” He...

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