Duke Energy CEO apologizes to regulator over probe (AP / Miami Herald)

December 11, 2012 – The head of Duke Energy said he regrets that officials with the nation’s largest electric company went too far in their criticism of North Carolina regulators responsible for setting rates in its top power market, according to a letter released Tuesday. The North Carolina Utilities Commission released the letter from Duke Energy CEO Jim Rogers, which was required by a settlement ending the commission’s probe into whether regulators were misled about a surprise CEO switch at the company. Duke Energy’s takeover of Raleigh-based Progress Energy ended with the combined company dumping a Progress executive who’d been promised the top job, in favor of Rogers.

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