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Duke Energy's Lynn Good Named CEO

Duke Energy (NYSE:DUK) announced Tuesday that its board elected Lynn Good to succeed Jim Rogers as president and chief executive, effective July 1.Rogers will continue to serve as chairman until his retirement at the end of this year, the company said.Good worked for 20 years in senior management roles and as a partner for Deloitte & Touche and Arthur Andersen, before joining Cinergy, a predecessor company of Duke Energy, in 2003.She has served as Duke Energy's executive vice president and chief financial officer since July 2009. Prior to that, Good was group executive and president of Duke Energy's Commercial Businesses organization."Lynn's leadership abilities and strategic vision for Duke Energy's continued growth make her the ideal choice," lead director Ann Maynard Gray, who led the board's special committee to find a CEO, said in a statement.The Charlotte, N.C.-based company also said its board will name one of its independent directors as the next chairman in the coming weeks. T...

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  1. Cnooc Completes Nexen Buy

    News late Monday that China's state-run Cnooc Ltd. (CEO) had completed its record-breaking purchase of Canada's Nexen Inc.(NXY) came hot on the heels of another Chin...

  2. Duke Energy 4Q Gains Fueled by Acquisition

    Duke Energy (NYSE:DUK) reported on Wednesday fourth-quarter earnings that soared 51% on the acquisition of Progress Energy.The Charlotte, N.C.-based company said its...

  3. Duke Energy 4th-Quarter Profit Soars on Addition of Progress Energy

    Duke Energy Corp.'s (DUK) fourth-quarter earnings rose 51% as the company benefited from the addition of Progress Energy.Duke Energy completed its acquisition of Pro...

  4. Duke Energy to Close Two Charlotte-Area Coal Plants Early

    Duke Energy Corp. (DUK) said it will close two of its Charlotte-area coal-fired power plants two years earlier than scheduled, as the company continues to make the t...

  5. TransCanada to Run $5.1 Billion Pipeline Project

    TransCanada Corp. (TRP) said Wednesday it has been chosen by Progress Energy Canada Ltd. to build, own and operate a 5 billion Canadian dollar ($5.1 billion) pipelin...

  6. Duke Energy Buys CGE Group's Chilean Unit for $415 Million

    Duke Energy Corp. (DUK) agreed to acquire CGE Group's Chilean unit for $415 million as part of its ongoing efforts to tap into Latin America's growth potential.The d...

  7. Resources Minister Says Canada Remains Open to Foreign Investment

    Canada's resources minister said Monday the country remained open to foreign investment, days after Ottawa rolled out new guidelines for acquisitions by state-owned ...

  8. CNOOC pledge small step for China transparency, skeptics abound

    CNOOC's promise of transparency, pledged to win approval from Canada for its $15.1 billion purchase of Nexen Inc, looks like a positive step on the face of it but is...

  9. Canadian Minister Says Tougher Stance on Oil-Sands Investment Won't Damage Relations With China

    The Canadian government's decision to make it harder in future for state-owned enterprises to acquire the country's oil-sands assets won't damage relations with Chin...

  10. Canada Approves CNOOC-Nexen Deal

    Canada approved Friday China's CNOOC Ltd.'s acquisition of Canada's Nexen Inc. . China's CNOOC, a state-controlled offshore oil and gas firm, offered $15 billion for...

  11. Canada Ruling On CNOOC-Nexen Deal Today: Reports

    Ottawa is set to make an announcement Friday widely believed to be a ruling on China's CNOOC Ltd.'s bid for Canada's Nexen Inc. , according to reports on Canadian ne...

  12. Canada Government Plans "Important" Announcement at 5 PM EST

    Canada's industry department said in a brief notice that it will make an "important" announcement at 5:00 p.m. EST Friday, just days before a deadline for its review...

  1. Petronas to Buy Stakes in 2 Brazil Offshore Fields from OGX at $850 Million

    Malaysia's Petroliam Nasional Bhd. is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets with its planned purchase...

  2. Petronas Confirms Deal to Buy Interest in 2 Offshore Brazil Blocks

    Malaysia's state-run oil and gas company Petroliam Nasional Bhd, or Petronas Wednesday said it has agreed to buy 40% interest in two offshore blocks in Brazil from B...

  3. Duke Energy profit below expectations; power demand weak

    Duke Energy Corp , the largest power provider in the United States, reported a lower-than-expected quarterly profit on Friday, citing weak electricity demand and hig...

  4. Duke Energy Net Soars Following Progress Merger

    Duke Energy Corp.'s (DUK) first-quarter earnings soared as the utility giant benefited from a recent merger with Progress Energy Inc.Duke, based in Charlotte, N.C., ...

  5. Duke Energy 1st-Quarter Net Soars Following Progress Merger

    Duke Energy Corp.'s (DUK) first-quarter earnings soared as the utility giant benefited from a recent merger with Progress Energy Inc.Duke, based in Charlotte, N.C., ...

  6. Duke Energy's Profit More Than Doubles

    Duke Energy Corp. said its first-quarter profit more than doubled to $634 million from $295 million a year earlier. Earnings per share rose to 89 cents from 66 cents...

  7. Petronas: Not Signed Any Pact With OGX, Others for Brazil Oil Rights

    Malaysia's state-run oil and gas company Petroliam Nasional Bhd., or Petronas, hasn't signed any pact with Brazil's OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OG...

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