Duke Energy and ConocoPhillips have named Michael J. Bradley to lead their efforts to form a new energy master limited partnership (MLP) out of Duke Energy Field Services (DEFS), which will be the general partner. Jim Mogg, chief development officer at Duke Energy, will serve as chairman of the new venture. Duke and ConocoPhillips also plan to adjust their ownership shares of DEFS later this year to 50-50 from its current 70-30 split, in which Duke owns the larger stake. Bradley, 50, was formerly group vice president of gathering and processing of DEFS.

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