Tuesday, January 11, 2011

Merger of Duke Energy and Progress Energy would create largest U.S. utility

Washington Post Staff Writer
Monday, January 10, 2011; 9:59 PM
"Along with customers and power plants, Duke Energy will acquire William Johnson, chief executive of Progress, who will be chief executive of the new combined company. That will free Rogers to pursue his principal interest, U.S. policy and strategy.

Rogers, who will have the title 'executive chairman,' and Johnson will both sit on an 18-member board of directors, 11 of whom will be designated by Duke's current board and seven by Progress's directors."

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