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Former Progress Energy CEO Bill Johnson removed as chairman of Nuclear Energy Institute

The Nuclear Energy Institute removed former Progress Energy chief executive officer Bill Johnson as the chairman and a member of its board after his decision to resign as head of the utility that merged with Duke Energy earlier this month.

The institute, an organization of the nuclear energy and technologies industry that participates in both the national and global policymaking process, requires that the chairman of its board be an executive of a utility and that board members work for a power company.

Johnson, a longtime executive of Progress Energy, resigned as CEO of Duke Energy less than a day after the two utilities merged on July 2.

For 18 months after the companies announced they would merge, Johnson was slated to become the CEO of the combined utility. But the new company's board of directors ousted Johnson and replaced him with Duke's CEO, Jim Rogers. The issue has prompted an investigation and hearings by the North Carolina Utilities Commission and attorney general's office.

John Young, CEO of Energy Future Holdings Corp., based in Dallas, replaces Johnson as the interim chairman of the institute. The institute's board will vote on a permanent replacement on Friday.

Former Progress Energy CEO Bill Johnson removed as chairman of Nuclear Energy Institute 07/16/12 [Last modified: Monday, July 16, 2012 7:30pm]
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