Duke Energy's Rogers Supports President's Call for Review of Federal Regulations

CHARLOTTE, N.C., Jan. 18, 2011 /PRNewswire/ -- The following is a statement by Duke Energy chairman, president and CEO Jim Rogers in support of President Barack Obama's executive order today for a government-wide review of federal regulations to avoid excessive, inconsistent and redundant regulations and promote economic growth.  

"The President's action today requires federal agencies to focus more in their regulations on economic growth, innovation, competitiveness and job creation.

"Rebuilding the U.S. economy is job one for the Administration and Congress so this focus is welcome. I am also pleased the President has instructed federal agencies to make sure new regulations are harmonized with existing programs. 

"In the power sector, we need to go to work modernizing the U.S. energy infrastructure, but cannot move forward if we face excessive, inconsistent and redundant new federal regulations. If we can get a coherent roadmap from the Administration, we will immediately begin to replace old plants, update our grid, develop clean energy technologies and, most importantly, create thousands of new jobs. "

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SOURCE Duke Energy