It was a marriage proposal made in utility heaven: Progress Energy and Duke Energy joining to form the nation’s biggest power company.
Then came the suspicions. Did Duke know everything it needed to about its partner-to-be? Was Progress holding back about its Florida-based nuclear troubles?
The marriage went forward last week, but with a major twist.
The merger agreement called for Bill Johnson, the head guy at Progress, to take over as CEO of the new Duke Energy. And on Monday, when the merger was completed, he did.
Continue reading at Broken Crystal River nuclear plant is Duke Energy’s problem now