Case | HBS Case Collection | September 2013 (Revised March 2014)

Progress Energy and Duke Energy (A)

by Guhan Subramanian and Charlotte Krontiris

Abstract

Just as Duke Energy and Progress Energy announce their merger—forming the largest utility company in the United States, to be led by the current Progress CEO—a nuclear reactor owned by Progress suffers major damage and must be taken offline. While Progress grapples with the scope of the repairs and an increasingly skeptical insurance provider, the Duke board begins to doubt their choice for the leader of the combined companies.

Keywords: Duke; Progress; nuclear energy; corporate governance; Energy Industry;

Citation:

Subramanian, Guhan, and Charlotte Krontiris. "Progress Energy and Duke Energy (A)." Harvard Business School Case 914-011, September 2013. (Revised March 2014.)