Make us your home page
Instagram

Duke Energy names Jim Rogers' successor as CEO

Jim Rogers agreed to step down as CEO after a contentious takeover of Progress Energy.

Jim Rogers agreed to step down as CEO after a contentious takeover of Progress Energy.

NEW YORK — Duke Energy Corp., the nation's largest electric utility since its merger last year with Progress Energy, named chief financial officer Lynn Good to replace Jim Rogers next month as CEO.

Rogers, 65, will retire July 1. He agreed to step down by the end of the year as part of a settlement with North Carolina regulators after the contentious takeover of Progress Energy.

Rogers has spent the past year working to clean up a number of problem spots within the company and provide a relatively fresh start for Good. The company decided to close the damaged Crystal River nuclear plant that it inherited in the Progress acquisition.

Now it will fall to Good to continue to repair some key relationships. Good, 54, has been working under Rogers since she joined Cinergy, a Duke predecessor company, in 2003. She has been Duke's CFO since 2009.

Good said integration of the two companies has been helped by Duke and former Progress employees working together on major projects. That includes the recent rate cases in North Carolina and the service restoration work after 700,000 customers were left without power after last week's storms.

Good said one of her top priorities as CEO will be to find ways to keep company profits rising by looking for ways to cut costs and grow the company even without rising electricity sales.

Duke Energy names Jim Rogers' successor as CEO 06/18/13 [Last modified: Tuesday, June 18, 2013 8:50pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Marina at Hudson Beach poised to become 24-unit condominium-hotel

    Business

    HUDSON — One of the mainstay businesses at Hudson Beach is poised for redevelopment into a 24-unit condominium-hotel.

  2. Have your say Tampa Bay on the region's future transit options

    Mass Transit

    TAMPA — It's time, yet again, for Tampa Bay residents to tell officials what kind of transit options they want for their region.

    The Cross-Bay Ferry docks at the Tampa Convention Center on its maiden voyage on Nov. 1, 2016. A regional premium transit study will determine whether a ferry, or other options such as express buses or light rail, would be a good addition to Tampa Bay. [SCOTT KEELER  |  Times]
  3. SOCom seeks civilian drone pilots to develop new technology through ThunderDrone

    Macdill

    TAMPA — For the last three years, Nicole Abbett has been using drones as part of her photography business, with clients like the city of Tampa and construction companies.

    Josh Newby, 31, Palm Harbor, of Tampa Drones fly's a drone in England Brothers park, Pinellas Park, 8/25/16. As drone popularity increases as a hobby and business, local governments are navigating a legal grey area- where, when, and how should drone flights be allowed?
  4. New apartment complex delivers unique floor plans



    Business

    RIVERVIEW — A new luxury apartment community has opened in the Progress Village area touting itself as a distinct living option just 10 miles from downtown Tampa.

    Alta at Magnolia Park dubs its new apartment community, that opened earlier this year in Riverview, a modern and distinct option for living just 10 miles from downtown Tampa.
  5. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming

    Roads

    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]