PROGRESS ENERGY

Ousted Duke CEO Earns Up to $44.4 Million for a Few Hours Work

When Progress Energy agreed to be bought by Duke Energy, it was agreed that its CEO, Bill Johnson, would run the combined company. Instead, Johnson was pushed out by the board -- mere hours after he took over. But don't feel bad for him -- his golden parachute is enormous.

Face-Off on Stocks: Electric Utility Companies [Video]

Yes, electric utilities are a mostly unloved sector among investors, even though everyone needs power. But maybe their steady and dividend-friendly shares have more appeal these days. Here's a look at three big names: American Electric Power, Constellation Energy and Allegheny Energy.