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Duke Energy to pay $146 million to settle lawsuit over CEO ouster
2015-03-10 16:35:26| Energy - Topix.net
America's largest electric company said Tuesday that it is settling a lawsuit that claimed shareholders lost millions of dollars when Duke Energy surprised investors by ousting its CEO hours after a long-anticipated buyout of its smaller neighbor. Charlotte-based Duke Energy said its insurers and shareholders would pay $146 million to end the lawsuit filed after the company completed its July 2012 buyout of Raleigh-based Progress Energy Inc. The company set aside $26 million for the amount not covered by insurance and said consumers would not pay the cost.
Duke Energy exec leaves for U.S. DOE
2015-03-10 03:34:57| Oil & Gas - Topix.net
He will be involved in the DOE's research and development for carbon capture and sequestration and other projects designed to keep coal a long-term option in the nation's power fuel sources. Mohler has been Duke's chief technology officer since 2006, when he joined the Charlotte-based power company from Cinergy Corp. , which Duke purchased that year.
Proposed North Carolina Permit Rules Would Allow Duke Pollution to Continue
2015-03-09 07:08:44| Energy - Topix.net
Duke Energy could legally leak pollutants from some of its coal ash dumps under new wastewater permits proposed Friday by North Carolina regulators. Just days after federal prosecutors filed criminal charges against Duke over the leaks, the North Carolina Department of Environment and Natural Resources released new draft permits for three of Duke's coal ash sites.
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Duke pollution could continue under proposed permits
2015-03-07 00:53:05| Energy - Topix.net
Duke Energy could legally leak pollutants from some of its coal ash dumps under new wastewater permits proposed by North Carolina regulators. On Friday, just days after federal prosecutors filed criminal charges against Duke over the leaks, the North Carolina Department of Environment and Natural Resources issued new draft permits for three of Duke's coal ash sites.
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Duke Energy exec leaving for key post at Bank of America
2015-03-06 21:43:28| Energy - Topix.net
The companies, both based in Charlotte, announced Carter's job change today. Carter will begin working at the nation's second-largest bank later this month.
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