James E. Rogers is the President, CEO and Board Chairman of Duke Energy, the third largest emitter of carbon dioxide pollution in the United States. Duke Energy generates about 63% of its electricity from burning coal.
Duke Energy was poised to become the nation’s largest utility company on January 1, 2012, as it planned to purchase Progress Energy, based in Raleigh. The new company would supply more than 7 million customers. Bill Johnson, current chairman, president and CEO of Progress, is set to become president and CEO of the merged company (which will continue under the name Duke Energy), in addition to serving as a board director. Those plans were rebuffed in December 2011, however, when the Federal Energy Regulatory Commission blocked the merger on the grounds that the two companies had not laid out proper measures to contain their monopoly hold on North Carolina’s electricity market. Shortly thereafter, Duke Energy and Progress Energy announced that they intended to meet FERC’s provisions, although analysts agreed that the setback could delay the merger by as much as 6 months.
Since 1988, Jim Rogers has been the CEO of three companies, beginning with PSI Energy in 1988, then Cinergy in 1994, followed by Duke Energy in 2006 when it merged with Cinergy. Rogers’ compensation came in at just under $9 million in 2010. Rogers’ previous experience includes work with the Federal Energy Regulatory Commission (FERC) and the lobby and litigation firm Akin Gump Strauss Hauer & Feld. The executive “has served more than 50 cumulative years on the boards of Fortune 500 companies."
Education: University of Kentucky, B.A. (1970); University of Kentucky, J.D. (1974).