Jim Rogers to lead combined Duke/Progress Energy

Charlotte, N.C., July 3, 2012 — Progress Energy CEO Bill Johnson handed in his resignation just as the Duke Energy merger closed, leaving Duke Energy CEO Jim Rogers to lead the combined company as CEO and chairman.

Duke Energy has said this change in leadership plans was a mutual agreement.

The merger, completed July 3, was first announced in January 2011, and creates one of the largest utilities in the U.S. with 7.1 million customers.

The new company, known as Duke Energy, will control assets in North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio from its headquarters in Charlotte, N.C. The utility will own or control about 57,000 MW in generation capacity.

The new Duke Energy has about $49 billion in market capitalization, total assets of more than $100 billion. The regulated utilities will comprise a higher proportion of Duke Energy's post-merger business mix.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs