September 30, 2008
Progress Energy Sees Nuclear Power As Key Element of Future U.S. Energy Policies, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- At a recent conference concerning power and gas, Progress Energy Incorporated's (NYSE:PGN) (Raleigh, North Carolina) Senior Vice President and Chief Financial Officer, Mark F. Mulhern, emphasized the company's outlook for the strong role that nuclear power will play for the U.S. in the future. The company plans to significantly increase its nuclear capacity with construction of the $14 billion grassroot Levy County Nuclear Power Station near Inglis, Florida. Progress is currently in negotiations with a consortium formed by Westinghouse Electric Company LLC (Monroeville, Pennsylvania) and The Shaw Group Incorporated (NYSE:SGR) (Baton Rouge, Louisiana) regarding the engineering, procurement and construction contract for the plant.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=139478, or browse other breaking industrial news stories at www.industrialinfo.com.Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to [email protected] or visit us online at www.industrialinfo.com.
Related News Articles
North Carolina Nuclear Plant Offline After Controls Malfunction
Southeast Market Region Eyes $55 Billion in Nuclear Power Projects to Increase Capacity by 80%
Nuclear Unit In North Carolina Shutdown Due To Condenser Issue
Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources