Bill Johnson resigned

7/10/12

 

On 7/5/12 person helping came to  pick me up; in the front seat was ROBERT/hispanic; after I got in vehicle; then the person being helped went and picked up BILLY[lived in low income apts.] [African American male][could not figure out code that Billy was being used for until person driving called him "BILL"];  then ROBERT was dropped off at person's business; Bill was dropped off at African male[s] business and I was dropped off at one of the local low income places of businesses where the security guard DWAYNE ? seems to take enjoyment in  subliminal harassing me.  For example-Dwayne comes out of the building that serves low income people; then goes to chair I would be sitting in; lean on it as if he could not stand up; would stay leaning over the chair for five to ten minutes; etc..[one day he just kept taking his hands and hitting/touching me on the shoulders][any comment on my part would mean more harassment]; and no need in telling the person I was helping because Dwayne made sure that they were aware of the fact his supervisors had put me in a category to be harassed [make money off of]; which lead to person I was helping making adjustments to the point of rearranging his system to communicate that they were in agreement to help them [males of larger society in authority] to ROB me of my natural wealth [since I wouldn't be a prostitute for them] by dropping me off at building that serves low income people; while they took a young African American male [person[s] grandson SAM-ual to place where old RICH white people lived.

 

Before person left the place where the building is located that serve low income people; Fr-nk [stayed and helped me]; L-La[and L-La's NEW friend [PAY] were both taken out to African males business.

 

Then on Sat.-7/7/12 - White female's TWINS did not show up at her business; and everyperson that stopped by the white female told them something about guns [couldn't really hear]; then white male whose daughter [short slim, black long hair [kept in a bun]] started a business  in the back of the building that person who took me to Greensboro, N. C. had been using; kept walking in front of place I was standing at the end of the business hour; then white male walked  up to me and said as if I had better answer "Have a Good week"; I did not answer; then white male said it again,  "Have a Good weel";  I still did not answer; just looked at him; then same white male standing looking at me said again, "Have a Good week" after looking at him for a while then I said, "may you have a good week also."

 

Code to males of the larger society who control black community  from person that was helping=in agreement to help white males of larger society steal wealth/relationship[s], etc..

Just like code to Lance Armstrong is males of the larger society don't like it that somebody somewhere who is using Lance Armstrong's slogan, etc. [what Lance Armstrong represents= LIVING STRONG] is not agreeable to the males of the larger society who control the economic activity]. Code-Duke Energy and Progressive Energy merger=biggest illegal activity in America's  history concerning Duke Energy members already on Progressive Board [94.5 fm radio] and the fact that after agreeing to merger of PROGRESSive [Energy] and DUKE [Energy] that [BILL][like in Dollar Bill] Johnson  resigned as CEO of PROGRESSive [Energy][http://www.financeenquiry.com/former-progress-energy-ceo-bill-johnson-resigns-gets-usd-10-5-million-as-compensation_19477.html/].  Code -before it can take place in the natural realm it has to take place in the spirit realm; DUKE  [energy] represents the [African American]guy who wants to date me; PROGRESSive [energy] is suppose to represent the progress of African American male as an African American male; HOWEVER African American males are NOT allowed to PROGRESS as African American males; therefore the removal of BILL [as in Dollar Bill] Johnson from PROGRESSive [energy]to ensure that DUKE[African American male][energy] does not PROGRESSive [energy]was crucial. Radio announcers/commentators are calling it criminal; yet I can not walk from my house to a local library  or get on a local bus [WSTA][especially if guy who wants to date me is on the [WSTA bus]without intimidation from authority because of desire live a wholesome life.

 

 

Verification: "Most Biophychologists would say that understanding the Social environment is as important as understanding the biological one." [Criminal Behavior; p. 25-26];

 

Verification:  Local church attend 7/1/12; vestal[caucasian female in African american church]-gave recognition of relatives-one was already in the authority profession and the other was struggling and trying hard to be an authority figure=explains connection of why African American female in charge felt/feels comfortable  with expecting no ramifications from her/their part in the stealing of twin.[they covered by authorities.

 

Socialpeacest

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Duke Energy and Progress Energy to Merge Jan. 10, 2011

 

http://www.duke-energy.com/news/releases/2011011001.asp

 

CHARLOTTE, N.C. AND RALEIGH, N.C. -

• $26 Billion Transaction Will Create Nation’s Largest Utility with a Combined Enterprise Value of $65 Billion
• Diversified Generation Portfolio in Six Regulated Service Territories
• Transaction Expected to be Accretive to Adjusted Diluted Earnings in First Year

Duke Energy (NYSE: DUK) and Progress Energy, Inc. (NYSE: PGN) announced today that both companies’ boards of directors have unanimously approved a definitive merger agreement to combine the two companies in a stock-for-stock transaction. The combined company, to be called Duke Energy, will be the country’s largest utility, with:

• Approximately $65 billion in enterprise value and $37 billion in market capitalization
• The country’s largest regulated customer base, providing service to approximately 7.1 million electric customers in six regulated service territories North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio
• Approximately 57 gigawatts of domestic generating capacity from a diversified mix of coal, nuclear, natural gas, oil and renewable resources
• The largest regulated nuclear fleet in the country.

“Our industry is entering a building phase where we must invest in an array of new technologies to reduce our environmental footprints and become more efficient,” said Jim Rogers, chairman, president and chief executive officer of Duke Energy. “By merging our companies, we can do that more economically for our customers, improve shareholder value and continue to grow.
“Combining Duke Energy and Progress Energy creates a utility with greater financial strength and enhanced ability to meet our challenges head-on,” Rogers continued.
“This combination of two outstanding companies is a natural fit,” said Bill Johnson, chairman, president and chief executive officer of Progress Energy. “It makes clear strategic sense and creates exceptional value for our shareholders. Together, we can leverage our best practices to achieve even higher levels of safety, operational excellence and customer satisfaction, and save money for customers by combining our fuel purchasing power and the dispatch of our generating plants.
“This merger also provides predictable earnings and cash flows to support our dividend payments to shareholders,” Johnson added. 
Terms
Under the merger agreement, Progress Energy’s shareholders will receive 2.6125 shares of common stock of Duke Energy in exchange for each share of Progress Energy common stock. Based on Duke Energy’s closing share price on Jan. 7, 2011, Progress Energy shareholders would receive a value of $46.48 per share, or $13.7 billion in total equity value.
Duke Energy also will assume approximately $12.2 billion in Progress Energy net debt. The transaction price represents a 7.1 percent premium to the unaffected closing stock price of Progress Energy on Jan. 5, 2011, and a 3.9 percent premium to the closing stock price of Progress Energy on Jan. 7, 2011.
The transaction price also represents a 6.6 percent premium to the average closing stock price of Progress Energy over the last 20 trading days ending Jan. 5, 2011, and a 6.4 percent premium over the last 20 trading days ending Jan. 7, 2011.
Following completion of the merger, officials anticipate Duke Energy shareholders will own approximately 63 percent of the combined company and Progress Energy shareholders will own approximately 37 percent on a fully diluted basis.
The combination is anticipated to be accretive to Duke Energy’s adjusted earnings in the first year after closing.
Based on Duke Energy’s current quarterly cash dividend of 24.5 cents per common share, Progress Energy shareholders would receive an approximate 3 percent dividend increase.
Duke Energy expects to effect a reverse stock split immediately prior to closing, and, as a result, the exchange ratio will be appropriately adjusted at that time to reflect the reverse split.
Structure, Organization & Leadership
When the merger is completed, Rogers will become executive chairman of the new organization. In this role, Rogers will advise the CEO on strategic matters, play an active role in government relations and serve as the company’s lead spokesperson on energy policy.
Johnson will become president and chief executive officer of the new company.
Both Rogers and Johnson will serve on the board of directors of the combined company, which will be composed of 18 members, with 11 designated by Duke Energy’s board of directors and seven designated by Progress Energy’s board of directors.
The combined company will be headquartered in Charlotte and will maintain substantial operations in Raleigh.
Until the merger has received all necessary approvals and has closed, the companies will continue to operate as separate entities.
Customers will see no change in their current electric utility companies including: Progress Energy Carolinas and Progress Energy Florida and Duke Energy Carolinas, Duke Energy Indiana, Duke Energy Ohio, Duke Energy Kentucky, Commercial Power, Duke Energy Generation Services and Duke Energy International.
Approvals & TimingCompletion of the merger is conditioned upon, among other things, the approval of the shareholders of both companies, as well as expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Other necessary regulatory filings include: Federal Energy Regulatory Commission (FERC), Nuclear Regulatory Commission (NRC), North Carolina Utilities Commission (NCUC) and South Carolina Public Service Commission (SCPSC).
The companies also will provide information regarding the merger to their other state regulators: the Florida Public Service Commission, Indiana Utility Regulatory Commission, Kentucky Public Service Commission and Ohio Public Utilities Commission.
The companies are targeting a closing by the end of 2011.
AdvisorsJ.P. Morgan served as lead financial advisor and provided a fairness opinion to Duke Energy, and BofA Merrill Lynch also provided a fairness opinion to Duke Energy. Lazard Frères served as lead financial advisor and provided a fairness opinion to Progress Energy, and Barclays Capital also served as a financial advisor and provided a fairness opinion to Progress Energy. Wachtell, Lipton, Rosen & Katz served as legal counsel for Duke Energy. Hunton & Williams LLP served as legal counsel for Progress Energy. 
Conference Call & WebcastRogers and Johnson will discuss the combination of the two companies on a conference call today at 10 a.m. EST.
The call will be available by telephone and audio webcast. The speakers will discuss information presented in handouts that are available through the Duke Energy or Progress Energy investor websites. Participants are encouraged to access the handouts before the teleconference begins.

Webcast Instructions: To gain access to the webcast, which will be listen-only, please go to www.duke-energy.com/investors or http://www.progress-energy.com/ and click on the audio webcast link. Please log on to the website at least 10 minutes prior to the call to register and download and install any necessary audio software.  A replay of the webcast also will be available beginning at 1 p.m. today for two weeks.

Teleconference Instructions: The telephone number for today’s teleconference is 1-800-458-9009 for U.S. callers (1-719-325-2459 for international callers). Participants will be asked to provide their name and business affiliation. The conference access code is 3024536. A telephone replay will be available beginning at 1 p.m. today for 30 days. The replay telephone number is 1-888-203-1112.

About Duke EnergyDuke Energy is one of the largest electric power holding companies in the United States.  Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people.  Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.  Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: http://www.duke-energy.com/.

About Progress EnergyProgress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with about 22,000 megawatts of generation capacity and approximately $10 billion in annual revenues.  Progress Energy includes two major electric utilities that serve about 3.1 million customers in the Carolinas and Florida.  The company has earned the Edison Electric Institute's Edison Award, the industry's highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service.  The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system.  Progress Energy celebrated a century of service in 2008. Visit the company’s website at http://www.progress-energy.com/.

Cautionary Statements Regarding Forward-Looking InformationThis document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as “may, ” “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “forecast,” and other words and terms of similar meaning. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Duke Energy and Progress Energy caution readers that any forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statement. Such forward-looking statements include, but are not limited to, statements about the benefits of the proposed merger involving Duke Energy and Progress Energy, including future financial and operating results, Duke Energy’s or Progress Energy’s plans, objectives, expectations and intentions, the expected timing of completion of the transaction, and other statements that are not historical facts. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include risks and uncertainties relating to: the ability to obtain the requisite Duke Energy and Progress Energy shareholder approvals; the risk that Progress Energy or Duke Energy may be unable to obtain governmental and regulatory approvals required for the merger, or required governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the merger; the risk that a condition to closing of the merger may not be satisfied; the timing to consummate the proposed merger; the risk that the businesses will not be integrated successfully; the risk that the cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time on merger-related issues; general worldwide economic conditions and related uncertainties; the effect of changes in governmental regulations; and other factors discussed or referred to in the "Risk Factors" section of each of Duke Energy's and Progress Energy's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. These risks, as well as other risks associated with the merger, will be more fully discussed in the joint proxy statement/prospectus that will be included in the Registration Statement on Form S-4 that will be filed with the SEC in connection with the merger. Additional risks and uncertainties are identified and discussed in Progress Energy’s and Duke Energy’s reports filed with the SEC and available at the SEC’s website at http://www.sec.gov/. Each forward-looking statement speaks only as of the date of the particular statement and neither Duke Energy nor Progress Energy undertakes any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial MeasuresAdjusted Earnings per Share Accretion in Year One
This news release includes a discussion of Duke Energy’s assumption that the merger transaction is anticipated to be accretive in the first year after closing, based upon adjusted diluted EPS.   
This accretion assumption is a non-GAAP financial measure as it is based upon diluted EPS from continuing operations attributable to Duke Energy Corporation shareholders, adjusted for the per-share impact of special items and the mark-to-market impacts of economic hedges in the Commercial Power segment. 
Special items represent certain charges and credits, which management believes will not be recurring on a regular basis, although it is reasonably possible such charges and credits could recur. Mark-to-market adjustments reflect the mark-to-market impact of derivative contracts, which is recognized in GAAP earnings immediately as such derivative contracts do not qualify for hedge accounting or regulatory accounting treatment, used in Duke Energy’s hedging of a portion of the economic value of its generation assets in the Commercial Power segment. The economic value of the generation assets is subject to fluctuations in fair value due to market price volatility of the input and output commodities (e.g., coal, power) and, as such, the economic hedging involves both purchases and sales of those input and output commodities related to the generation assets. Because the operations of the generation assets are accounted for under the accrual method, management believes that excluding the impact of mark-to-market changes of the economic hedge contracts from adjusted earnings until settlement better matches the financial impacts of the hedge contract with the portion of the economic value of the underlying hedged asset. Management believes that the presentation of adjusted diluted EPS provides useful information to investors, as it provides them an additional relevant comparison of the company’s performance across periods. Adjusted diluted EPS is also used as a basis for employee incentive bonuses.
The most directly comparable GAAP measure for adjusted diluted EPS is reported diluted EPS from continuing operations attributable to Duke Energy Corporation common shareholders, which includes the impact of special items (including costs-to-achieve the merger) and the mark-to-market impacts of economic hedges in the Commercial Power segment. On a reported diluted EPS basis, this transaction is not anticipated to be accretive due to the level of costs-to-achieve the merger. Due to the forward-looking nature of this non-GAAP financial measure for future periods, information to reconcile it to the most directly comparable GAAP financial measure is not available at this time, as management is unable to project special items or mark-to-market adjustments for future periods.

Additional Information and Where to Find ItThis document does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the proposed merger between Duke Energy and Progress Energy, Duke Energy will file with the SEC a Registration Statement on Form S-4 that will include a joint proxy statement of Duke Energy and Progress Energy that also constitutes a prospectus of Duke Energy. Duke Energy and Progress Energy will deliver the joint proxy statement/prospectus to their respective stockholders. Duke Energy and Progress Energy urge investors and stockholders to read the joint proxy statement/prospectus regarding the proposed merger when it becomes available, as well as other documents filed with the SEC, because they will contain important information. You may obtain copies of all documents filed with the SEC regarding this transaction, free of charge, at the SEC's website (http://www.sec.gov/). You may also obtain these documents, free of charge, from Duke Energy’s website (http://www.duke-energy.com/) under the heading “Investors” and then under the heading “Financials/SEC Filings.” You may also obtain these documents, free of charge, from Progress Energy’s website (http://www.progress-energy.com/) under the tab “Investors” and then under the heading “SEC Filings.”

Participants in the Merger SolicitationDuke Energy, Progress Energy, and their respective directors, executive officers and certain other members of management and employees may be soliciting proxies from Duke Energy and Progress Energy stockholders in favor of the merger and related matters. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of Duke Energy and Progress Energy stockholders in connection with the proposed merger will be set forth in the joint proxy statement/prospectus when it is filed with the SEC. You can find information about Duke Energy’s executive officers and directors in its definitive proxy statement filed with the SEC on March 22, 2010. You can find information about Progress Energy’s executive officers and directors in its definitive proxy statement filed with the SEC on March 31, 2010. Additional information about Duke Energy’s executive officers and directors and Progress Energy’s executive officers and directors can be found in the above-referenced Registration Statement on Form S-4 when it becomes available. You can obtain free copies of these documents from Duke Energy and Progress Energy using the contact information above.

Contact:	Duke Energy - Tom Williams
Phone:	704-382-8333
24-Hour Phone:
e-mail:

Contact:	Duke Energy - Bill Currens
Phone:	704-382-1603
24-Hour Phone:
e-mail:

Contact:	Duke Energy - Stephen De May
Phone:	704-382-2620
24-Hour Phone:
e-mail:

Contact:	Progress Energy - Mike Hughes
Phone:	919-546-6189
24-Hour Phone:
e-mail:

Contact:	Progress Energy - Bob Drennan
Phone:	919-546-7474
24-Hour Phone:
e-mail:

Contact:	Progress Energy - Bryan Kimzey
Phone:	919-546-6931

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Former Progress Energy CEO Bill Johnson Resigns, Gets USD 10.5 Million As Compensation

New York, July 5 (FinanceEnquiry.com) – Former Progress Energy (NYSE: PGN) CEO, Bill Johnson is reportedly been paid $10.3 million as settlement amount after in a dramatic development he was asked to leave the post, hours after the merger with Duke Energy (NYSE: DUK).
In a filing done today with the Securities and Exchange Commission, Duke Energy confirmed the settlement dues paid to former CEO. Johnson who gave the impression of his being reappointed as CEO after the merger to create largest electric utility suddenly resigned on Tuesday.
What is even more bewildering was that Johnson has signed a three-year-old contract after the merger between Progressive and Duke.
In the information filed with the SEC, Duke reports that former CEO, Johnson will be given a payout of $7.4 million, 2012 bonus of $1.4 million and an agreed sum of up to $1.5 million for withdrawing from the post of CEO. Jim Rogers, CEO of Duke Energy  will now be looking after both the companies.
http://www.financeenquiry.com/former-progress-energy-ceo-bill-johnson-resigns-gets-usd-10-5-million-as-compensation_19477.html/