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Press Mention Charlotte Business Journal May 20, 2010

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Slow start for Jim Rogers' big plans

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Jim Rogers, CEO of Duke Energy, has articulated an ambitious vision to transform the utility industry through decarbonization, decentralization, and energy efficiency, but four years into his tenure the company's progress has been slower than expected. Stephen Smith, executive director of the Southern Alliance for Clean Energy, acknowledges Rogers' proper framing of the issue but questions whether he is truly leading on decarbonization as his rhetoric suggests. Duke's Save-A-Watt efficiency initiative and smart-grid programs have faced regulatory headwinds across multiple states, with North Carolina cutting the company's solar rooftop program in half.

They shouldn't be in the mode of just selling kilowatts — I agreed that he's got the proper frame for the issue. But I don't have the sense that he is leading in that in a big way as much as maybe his rhetoric would indicate.

Stephen A. Smith

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