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Duke Energy Announces Senior Executive Reorganization April 2, 2007

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CHARLOTTE, N.C. -

Duke Energy announced that effective today, James L. Turner, group executive and president, U.S. Franchised Electric and Gas, becomes president and chief operating officer, U.S. Franchised Electric and Gas.  B. Keith Trent, group executive and chief strategy and policy officer, becomes group executive and chief strategy, policy and regulatory officer.

“These changes strengthen and sharpen our operational, regulatory and policy focus and are part of our continuing efforts to streamline our organizational structure,” said James E. Rogers, Duke Energy chairman, president and chief executive officer.

Turner’s expanded role includes Duke Energy’s fossil-hydro generation operations, which were formerly under William R. McCollum Jr.  McCollum resigned March 31, 2007 to become chief operating officer of TVA.

In addition to power delivery, gas distribution and customer service operations, Turner is now also responsible for the following regulated operations: generation fleet; portfolio optimization and fuels; new generation projects; engineering and technical services; enterprise asset and management; and project development and services.
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Trent’s organization now includes state and regulatory affairs, and state and federal regulatory policy, which were previously under Turner.  Additionally, the senior vice president of rates and regulatory accounting reports to both Trent and David Hauser, group executive and chief financial officer.  The vice president and chief technology officer reports to both Rogers and Trent.

Additionally, the three presidents of the regulated utility companies, Ellen T. Ruff, president of Duke Energy Carolinas; Sandra P. Meyer, president of Duke Energy Ohio and Duke Energy Kentucky; and Jim L. Stanley, president of Duke Energy Indiana, now report to Trent.

Federal policy and governmental affairs; strategy and planning; sustainability and community affairs; corporate communications, environmental, health and safety; and energy efficiency remain in Trent’s organization.

Three functions have been moved under Hauser:  supply chain and procurement, which was previously under regulated generation, and discontinued operations and continuous improvement, which were previously under Trent.

No other senior executives are affected by this reorganization.

Duke Energy Corp., one of the largest electric power companies in the United States, supplies and delivers energy to approximately 3.9 million U.S. customers. The company has nearly 37,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.
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Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.


Contact: Mark Craft
Phone: 704/382-7364 or 513/419-5943
24-Hour Phone: 704/382-8333
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