Lynn Good

Energy People: Jim Rogers

We talked with Jim Rogers, former CEO of Duke Energy.

Duke is now made up of five companies that existed in 1992. There are three difficult tasks in doing a successful combination. One is to negotiate it. The second, maybe the most difficult task, is actually getting the approval at both the state and federal levels. And lastly, the really hard work of combining the companies. It’s getting the cost savings as well as the revenue enhancements associated with the transaction. It is keeping the most talented people.
Byline: 

Jim Rogers, with Steve Mitnick

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Reconsidering Synergies

Cap-ex plans raise the stakes for utility mergers.

Investors historically have been skeptical about merger synergies in utility mergers, assuming that regulators will insist that most or all economic benefits flow to customers. However, recent transactions suggest utilities are taking a different approach to valuing synergies that might strengthen the case for mergers — not just for the merging parties, but also for investors and regulators.

Byline: 

Kevin C. Fitzgerald and Christopher R. Jones

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