Jim Rogers Elected EEI Chairman; Jeff Sterba And David Ratcliffe To Serve As Vice-Chairmen - Duke Energy

News Release
June 21, 2006

Released By Edison Electric Institute

Jim Rogers Elected EEI Chairman; Jeff Sterba And David Ratcliffe To Serve As Vice-Chairmen

WASHINGTON (Wednesday, June 21, 2006) – James E. Rogers, president and chief executive officer of Charlotte, N.C.-based Duke Energy, has been elected chairman of the Edison Electric Institute (EEI), the national trade association of shareholder-owned electric companies, international affiliates and industry associates worldwide.  The announcement was made during EEI’s annual meeting.

“At this time last year, we were working to help ensure passage of a major energy bill to bolster electric reliability, strengthen and expand the transmission system, and improve energy efficiency and conservation,” Rogers said. “Now we’re immersed in the process of implementing the new law’s many requirements and the scores of ensuing regulations.  Our task is complex,” Rogers added, “but our goal is simple—to provide reliable electricity at a good value for our customers and shareholders.”

Rogers will be supported by Jeff Sterba, chairman, president and CEO of Albuquerque-based PNM Resources, who was elected first vice-chairman of EEI, and David M. Ratcliffe, chairman, president and CEO of Atlanta-based Southern Company, who was elected second vice-chairman.

Rogers has been a CEO for nearly 18 years – first at PSI Energy, then at Cinergy, and now at Duke Energy, which completed its merger with Cinergy earlier this year.  Before joining PSI, he was in the interstate pipeline business and a partner in the Washington, D.C., office of Akin, Gump, Strauss, Hauer & Feld.

Immediately before joining Akin, Gump, Rogers was deputy general counsel for litigation and enforcement at the Federal Energy Regulatory Commission.  Previously, Rogers served as assistant to the chief trial counsel at FERC, as a law clerk for the Supreme Court of Kentucky, and as assistant attorney general for the Commonwealth of Kentucky.

Rogers is currently a director for Duke Energy, Fifth Third Bancorp and Fifth Third Bank. He also serves on EEI’s Executive Committee and sits on the boards of the American Gas Association, U.S. Chamber of Commerce, Business Roundtable and the National Coal Council.  He attended Emory University and earned bachelor of business administration and law degrees from the University of Kentucky, where he was a member of the Kentucky Law Journal and Beta Gamma Sigma National Honor Society. He was named to the Hall of Fame at the Carol Martin Gatton College of Business and Economics and the Hall of Fame of the College of Law, both at the University of Kentucky. 

Jeff Sterba serves as chairman, president and CEO of PNM Resources, the parent company of PNM, Texas-New Mexico Power, First Choice Power and Avistar.  Originally employed by PNM in 1977, he held a variety of positions until he left the company in 1998 to become Executive Vice President of USEC, a global energy company headquartered in Maryland. He returned to PNM as president in 2000.

Sterba is active in national energy policy and is a leader in the utility industry. In addition to serving as vice chairman of EEI, he chairs the association’s CEO Climate Change Task Force.  He also serves as chairman of the Electric Power Research Institute and sits on the boards of the U.S. Chamber of Commerce and Wells Fargo of New Mexico. Sterba is involved in numerous civic, cultural and philanthropic endeavors in New Mexico, including the Governor’s Business Advisory Council and the Albuquerque Economic Forum.  He graduated summa cum laude from Washington University and has completed post-graduate work in economics.

David Ratcliffe became president of Southern Company in April 2004 and assumed the additional responsibilities of chairman and CEO in July of that year.  Prior to this, he served for five years as CEO of Georgia Power, where he was responsible for the overall operation of Southern Company’s largest subsidiary, with more than 2 million customers spread throughout 153 counties.  Ratcliffe has held numerous other positions within the Southern Company system, including executive vice president, treasurer and chief financial officer at Georgia Power; senior vice president of external affairs for Southern Company; and president and CEO of Mississippi Power.  He first joined Southern Company in 1971 as a biologist for Georgia Power.

A native of Tifton, Ga., Ratcliffe received a bachelor's degree in biology from Valdosta State University in 1970. He received a law degree from Woodrow Wilson College of Law in 1975 and is a member of the Georgia Bar Association.  He sits on numerous boards, including those of EEI, the Federal Reserve Bank of Atlanta, CSX Transportation, the Georgia Partnership for Excellence in Education, and the Woodruff Arts Center.

Edison Electric Institute (EEI)is the association of U. S. shareholder-owned electric companies, international affiliates and industry associates worldwide.  Our U.S. members serve 97 percent of the ultimate customers in the shareholder‑owned segment of the industry, and 71 percent of all electric utility ultimate customers inthenation .  They generate about 60 percent of the electricity produced in the United States.

Contact: Jim Owen, EEI
Phone: 202/508-5659
24-Hour Phone: n/a
e-mail: n/a
Contact: Dan Riedinger, EEI
Phone: 202/508-5483
24-Hour Phone: n/a
e-mail: DRiedinger@eei.org