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Duke Energy CEO meeting with Florida regulators

TALLAHASSEE, FL (AP) — Duke Energy CEO Jim Rogers is appearing before the state regulators to discuss how the company’s troubled merger with Progress Energy will affect Florida customers.

The head of what’s now the nation’s largest utility, based in Charlotte, is set to meet Monday with the Florida Public Service Commission in Tallahassee.

North Carolina regulators are investigating a decision by Duke’s board to oust former Progress CEO Bill Johnson only hours after he was handed the top job of the combined company.

Board members said one reason they lost confidence in Johnson was problems with a Progress Energy nuclear reactor at Crystal River on Florida’s west coast.

It’s been out of service since 2009, and Duke is trying to decide whether to repair it or shut it permanently.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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