NC gives Duke Energy more time on secrecy claims

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by The Associated Press

WCNC.com

Posted on October 25, 2012 at 9:41 PM

RALEIGH, N.C. -- North Carolina utilities regulators are giving Duke Energy another week to produce internal emails and other documents involving its merger with Progress Energy which the company wrongly claimed it could keep secret.
 
The state Utilities Commission on Thursday gave the country's largest electric company until Nov. 5 to produce more than 4,000 pages of the documents for public disclosure. The original deadline was going to be Monday.
 
Utilities regulators and North Carolina's attorney general are investigating Duke Energy's surprise ouster of the Progress Energy CEO, who was supposed to take over the combined company.
 
Duke Energy was forced to turn over documents and marked 5,000 pages as confidential because they contained trade secrets. The commission said only 13 percent of the documents contained trade secrets.

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