RALEIGH, N.C. — The man unexpectedly appointed as Duke Energy's CEO said Tuesday the executive who was to succeed him in the top job was dumped minutes after creating America's largest electric company. Progress Energy CEO Bill Johnson had been designated to head the expanded company, but it was Duke Energy CEO Jim Rogers who ended up getting the job after the two companies were merged. The North Carolina Utilities Commission is investigating whether it was misled after approving the merger June 29. State law allows the commission to rescind or alter its decision approving the merger. The regulatory board also approves electricity rate increase requests. Both Duke Energy and Progress Energy,...
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