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Latest Progress Energy Inc Stories

2011-03-31 10:45:00

RALEIGH, N.C., March 31, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) delivered strong results during a time of major transition for the company and the industry, and continues to build on success in its core mission of serving customers and creating financial returns for shareholders. That is the message from Progress Energy Chairman, President and CEO Bill Johnson in the company's 2010 annual report released to shareholders today. (Logo:...

2011-03-16 13:30:00

RALEIGH, N.C., March 16, 2011 /PRNewswire/ -- Progress Energy's board of directors today declared a dividend on the company's common stock. The quarterly dividend was declared at 62 cents per share, payable May 2, 2011, to shareholders of record as of April 11, 2011. This represents a total annual dividend of $2.48 per share. (Logo: https://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company...

2011-03-10 09:00:00

ARMONK, N.Y., March 10, 2011 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it has been selected by Progress Energy as the lead systems integrator for the utility's smart grid program. Together the companies will transform Progress Energy's networks by improving power efficiency, increasing power quality and reliability, and enhancing capabilities for renewable energy, energy storage systems and plug-in electric vehicles. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO)...

2011-02-18 06:30:00

RALEIGH, N.C., Feb. 18, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) announced full-year GAAP earnings of $856 million, or $2.95 per share, compared with GAAP earnings of $757 million, or $2.71 per share, for the same period last year. Full-year ongoing earnings were $889 million, or $3.06 per share, compared to $846 million, or $3.03 per share, last year. The significant drivers in ongoing earnings per share were favorable weather, partially offset by higher O&M. (See the...

2011-02-17 11:01:00

WASHINGTON, Feb. 17, 2011 /PRNewswire/ -- The future of nuclear energy in the U.S. is promising, complicated and challenging. But the central question related to new nuclear plants is not "if" they're needed, but "when" and "how" they'll be built. (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) "Despite the sea change of events in the last five years, the underlying need for a secure, clean and affordable energy supply is stronger than ever," said Bill Johnson, chairman,...

2011-02-14 10:30:00

WASHINGTON, Feb. 14, 2011 /PRNewswire/ -- The U.S. electric utility industry faces an "unprecedented convergence of new federal environmental rules - unprecedented in scope of change and compression of deadlines," Progress Energy Chairman, President and CEO Bill Johnson told utility regulators Monday in Washington. And the "current fragmented approach, coupled with rapid-compliance deadlines, is a recipe for inefficiency, system reliability challenges and unnecessarily high cost." (Logo:...

2011-02-08 13:50:00

WASHINGTON, Feb. 8, 2011 /PRNewswire/ -- Bill Johnson, chairman, president and CEO of Progress Energy, WHO: which serves 3.1 million customers in the Carolinas and Florida Overview of federal environmental rules and their potential WHAT: effect on utilities and their customers WHEN: Monday, Feb. 14, 10 a.m. WHERE: Renaissance Hotel, 999 Ninth St., Washington D.C. The convergence of pending federal environmental rule...

2011-01-10 06:00:00

CHARLOTTE, N.C. and RALEIGH, N.C., Jan. 10, 2011 /PRNewswire/ -- Duke Energy (NYSE: DUK) and Progress Energy, Inc. (NYSE: PGN) announced today that both companies' boards of directors have unanimously approved a definitive merger agreement to combine the two companies in a stock-for-stock transaction. The combined company, to be called Duke Energy, will be the country's largest utility, with: Approximately $65 billion in enterprise value and $37 billion in market capitalization The...

2011-01-07 07:30:00

RALEIGH, N.C., Jan. 7, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) will hold a conference call on Friday, Feb. 18, to provide 2011 ongoing earnings guidance and discuss 2010 fourth-quarter and year-end earnings results. The conference call will begin at 10 a.m. ET (7 a.m. PT) and will be webcast to the public. The call will be hosted by Chairman, President and Chief Executive Officer Bill Johnson and Chief Financial Officer Mark Mulhern. (Logo:...

2010-11-30 10:11:00

ST. PETERSBURG, Fla., Nov. 30, 2010 /PRNewswire/ -- The Florida Public Service Commission (PSC) has approved Progress Energy Florida's request to lower customers' bills in 2011. The changes requested by the company will result in an annual savings of more than $90 for residential customers using 1,000 kilowatt-hours (kWh) per month. A bill for a residential customer using 1,000 kWh will be $119.34, beginning with January 2011 billing, compared to $126.90 currently. (Logo:...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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