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Last updated on April 19, 2014 at 9:20 EDT

Latest Progress Energy Inc Stories

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:...

2010-10-29 06:30:00

RALEIGH, N.C., Oct. 29 /PRNewswire-FirstCall/ -- Progress Energy (NYSE: PGN) announced third-quarter GAAP earnings of $361 million, or $1.23 per share, compared with GAAP earnings of $247 million, or $0.88 per share, for the same period last year. Prior-year results include a charge of $101 million, net of tax, or $0.36 per share, to discontinued operations related to a litigation verdict. Third-quarter ongoing earnings were $361 million, or $1.23 per share, compared to $342 million, or...

2010-09-27 07:30:00

RALEIGH, N.C., Sept. 27 //PRNewswire-FirstCall/ -- Progress Energy (NYSE: PGN) will hold a conference call to discuss 2010 third-quarter earnings results on Friday, Oct. 29. 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. http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c...

2010-09-24 11:25:00

RALEIGH, N.C., Sept. 24 /PRNewswire-FirstCall/ -- Progress Energy (NYSE: PGN) Chief Financial Officer Mark Mulhern will participate in a panel discussion at the Bank of America Merrill Lynch Power & Gas Leaders Conference on Wednesday, Sept. 29, in New York City. The panel discussion is scheduled to begin at approximately 2:15 p.m. ET. (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) (Logo: http://www.newscom.com/cgi-bin/prnh/20020923/CHM008LOGO-c ) A webcast of the...

2010-08-06 06:30:00

RALEIGH, N.C., Aug. 6 /PRNewswire-FirstCall/ -- Progress Energy (NYSE: PGN) announced second-quarter GAAP earnings of $180 million, or $0.62 per share, compared with GAAP earnings of $174 million, or $0.62 per share, for the same period last year. Second-quarter ongoing earnings were $181 million, or $0.63 per share, compared to $181 million, or $0.64 per share, for the same period last year. The significant drivers in ongoing earnings per share were favorable weather, the impact of...

2010-07-01 07:43:00

RALEIGH, N.C., July 1 /PRNewswire-FirstCall/ -- Progress Energy (NYSE: PGN) will hold a conference call to discuss 2010 second-quarter earnings results on Friday, August 6. 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: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) (Logo:...

2010-06-30 15:16:00

FLORENCE, S.C., June 30 /PRNewswire-FirstCall/ -- For the second straight year, Progress Energy customers in South Carolina will see a reduction in their electric rates. Changes approved by the Public Service Commission of South Carolina will result in an annual reduction of more than $20 for the average household customer. (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) (Logo: http://www.newscom.com/cgi-bin/prnh/20020923/CHM008LOGO-c ) The changes take effect July 1....