Business

Duke exec in scandal gets $10 mil. payout

Posted December 09, 2010 10:00 pm

Associated Press

INDIANAPOLIS -- A top Duke Energy executive who resigned after a newspaper published e-mails detailing his social relationship with a top Indiana utility regulator will get a severance and retirement package worth more than $10 million.

The Indianapolis Star reports the package for James Turner was disclosed in a government filing Thursday.

Turner resigned as president and CEO of Duke's U.S. Franchised Electric and Gas business on Monday after the Star reported he sent numerous e-mails this year to David Lott Hardy, who was then head of the state utility agency. The Star said the two chatted about cars and taking boat trips together.

Gov. Mitch Daniels fired Hardy in October, saying Hardy was aware of job discussions Duke was having with a top agency attorney who was handling Duke cases.

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