So what has Jim Rogers, chief executive of Duke Energy, been up to in recent months?
Appearing on "60 Minutes" to support cap and trade, while also discussing on the showthe necessity of carbon capture and sequestration of coal
Talking to the top players in China’s power industry about partnering on clean energy technologies
Being named the 2009 Citizen of the Carolinas by the Charlotte Chamber of Commerce (some of the past winners: Rev. Billy Graham, Dean Smith, Michael Jordan and Ben Bernanke)
Rogers "comes home" to Indiana on September 2 as the keynote speaker for the Indiana Conference on Energy Management. Rogers came to Plainfield-based PSI Energy in 1988 as chairman, president and CEO. Mergers led to similar roles at Cinergy in Cincinnati and then Duke, one of the nation’s largest energy companies.
“When Jim Rogers arrived at PSI Energy in the late 1980s, he brought a level of enthusiasm and vision that challenged the historically conservative power industry,” declares Vince Griffin, who worked for Rogers at that time and is now the Indiana Chamber vice president of environmental and energy policy. “This is unquestionably a challenging time for the electric power industry. Jim Rogers will undoubtedly bring his passion and perspective to this energy conference."
Duke Energy is also looking at its Edwardsport, Indiana facility as a pilot project for the future with its investment in a 630-megawatt IGCC (integrated gasification combined cycle) facility.
Companies and business leaders want to know the rules. Take out the controllable surprises (tax rates, energy expenditures and other costs of doing business) and they will find a way to achieve success.
You can count Duke Energy’s Jim Rogers among that crowd. Duke is one of the largest energy companies in the country with four million customers receiving power that is primarily generated by coal. While cap and trade legislation in Congress is seen as devastating to the coal industry, Rogers would rather know what lies ahead (and find a way to deal with it) than be faced with the uncertainty of patchwork regulations or making investments today that could become obsolete in a few years.
Coal will not go away. Rogers told "60 Minutes" earlier this yearthat carbon capture and sequestration absolutely have to happen. If Democrats in Congress and the Obama administration are successful in putting their blueprint for reducing emissions in place, Rogers and Duke can make more investments like the current groundbreaking project at Edwardsport in southwestern Indiana.
Rogers will undoubtedly share updates on the progress at Edwardsport, his passionate views on federal legislation and more when he keynotes the Indiana Chamber’s September 2 Indiana Conference on Energy Management. A critical Washington perspective will be shared during the luncheon portion of the event from Ross Eisenberg, environment and energy counsel for the U.S. Chamber of Commerce.