(Carolina Public Press) He’s shared stages with presidents, testified before Congress and mingled at economic forums in tony Davos, Switzerland. But Jim Rogers’ appearance Tuesday in a basement hearing room in Raleigh may be his most important.
The Duke Energy chief executive will testify under oath about the abrupt resignation of former Progress CEO Bill Johnson shortly after the companies merged last week. His responses to the N.C. Utilities Commission, which had been told Johnson would co-lead the new Duke, could be only the beginning of an investigation if regulators sense a bait-and-switch.
The commission will want to know who made the decision to replace Johnson, why and when it happened and why the panel wasn’t notified before approving the merger June 29, according to a filing by its chairman Monday.
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