1. Duke’s Rogers to Explain CEO Changes to North Carolina

    Duke Energy Corp. (DUK) Chairman and Chief Executive Officer James Rogers is scheduled to speak publicly for the first time about the unexpected leadership change as the largest U.S. utility owner closed its $17.8 billion takeover of Progress Energy Inc.

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    1. I do not believe that a single director of Progress would have voted for this transaction as structured with the knowledge that the CEO of Duke, Jim Rogers, would remain as the CEO of the combined company.