Duke Explores Rooftop Solar as Panels Slow Demand, CEO Says

Duke Energy Corp., the largest U.S. utility owner, may expand into rooftop solar as wider use of photovoltaic panels by customers cuts into demand for electricity in states including California, Chief Executive Officer Jim Rogers said.

Rooftop panels are gaining popularity as the industry faces “anemic” growth in power demand that may redefine the traditional utility business model, Rogers said at an analyst meeting in New York today.