Powerhouses

In outlining Duke Energy’s transition from an “energy superstore” into “two pure-play powerhouses,” CEO James Rogers predicted that the new Duke Energy pure-play electric company would grow ongoing diluted earnings per share by an average of 4-6% over at least the next three years through solid organic growth and a 1-1.5%/year increase in electricity demand.

With the merger of energy powerhouses Duke Energy and Cinergy Corp. completed Monday, Chairman Paul Anderson said the company will turn its attention to the issue of whether or not to spin off the new company’s natural gas operations.

Questar Pipeline has called on FERC to jettison the proposedmerger of powerhouses Sempra Energy and KN Energy, insisting thedeal would “undermine” competition in the natural gas and electricmarkets in southern California.

Questar Pipeline has called on FERC to jettison the proposedmerger of powerhouses Sempra Energy and KN Energy, insisting thedeal would “undermine” competition in the gas and electric marketsin southern California.