Duke Energy formalized deals Monday that ended separate investigations by North Carolina regulators and the attorney general into whether the utility misled officials before a merger that made it the country's largest electric company.
Pressure could increase on North Carolina utilities regulators to justify decisions to charge customers hundreds of millions of dollars more as part of a case the Supreme Court heard Tuesday.
The ousted CEO of America's largest electric company is telling North Carolina regulators that Duke Energy Corp. wanted to scrap its just-completed merger after a federal agency insisted it do more to protect competition.
Duke Energy Corp. and Progress Energy Inc. said Tuesday they had completed their merger now valued at about $32 billion to form the nation's largest electric company. But the normally routine event came with a twist.