Too Much Risk in Here
This has been a tough week for Duke Energy (DUK) and James Rogers, the company's chairman, president and CEO. Their most important stakeholders, state utility commissions, want to know what happened to Duke's former president and CEO William Johnson. Specifically, North Carolina's utility commission asked Rogers to testify about corporate discussions and decisions that led to Johnson's hasty departure. Other states were listening in.
Utility commissions are important to regulated utilities like Duke. Because many of Duke's assets are regulated, the company's earnings are heavily dependent on utility commissions. Duke must negotiate with six individual states to extract fair revenues, margins and earnings. But it's up to the states to decide how much Duke may earn from regulated operations....661 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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