NC Utilities Commission to hire outside firm to investigate Duke-Progress merger
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RALEIGH -- The N.C. Utilities Commission will likely hire outside investigators to look into the Duke Energy-Progress Energy merger.
The head of the commission's public staff, which represents consumers, says the body could hire an out-of-state law firm.
Commissioners are probing the ouster of Bill Johnson, who was supposed to be CEO of the combined company. Duke directors fired Johnson after 20 minutes on the job.
The utilities commission is looking for investigators with experience in corporate governance issues and who have no ties to Duke or Progress.