Latest Progress Energy Inc Stories

CRYSTAL RIVER, Fla., Feb. 5, 2013 /PRNewswire/ -- Following a comprehensive analysis, Progress Energy Florida, a subsidiary of Duke Energy, announced today that it will retire the Crystal River Nuclear Plant (CR3) in Citrus County, Fla. The plant has been safely shut down and offline since late 2009. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) The company is reviewing alternatives to replace the power produced by the unit, including the potential construction...

ST. PETERSBURG, Fla., Feb. 1, 2013 /PRNewswire/ -- Progress Energy Florida has selected Lake County's Florida Energy and Aerospace Technology (FEAT) Park as its first Site Readiness location in Florida. (Logo: http://photos.prnewswire.com/prnh/20110110/PROGRESSENERGYLOGO) According to Marc Hoenstine, economic development manager for Progress Energy Florida, FEAT Park was chosen after a comprehensive site inventory assessment of more than 60 sites. FEAT Park will be actively...

CHARLOTTE, N.C., Jan. 29, 2013 /PRNewswire/ -- Brett Carter, president of Duke Energy North Carolina since 2008, has been named chief distribution officer and senior vice president for the company's utility operations in six states. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) The company has named Paul R. Newton to succeed Carter as state president for North Carolina. In his new role, Carter will have responsibility for the company's distribution systems and...

CHARLOTTE, N.C., Jan. 3, 2013 /PRNewswire/ -- Three new power plants officially began serving North Carolina customers at the end of 2012, representing a combined investment of nearly $3.65 billion and marking another significant milestone in Duke Energy's commitment to meet electricity needs with advanced, cleaner generation. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) These sophisticated power plants represent one aspect of Duke Energy's aggressive...

CHARLOTTE, N.C., Jan. 2, 2013 /PRNewswire/ -- Duke Energy today announced that on Feb. 1, the company will redeem a series of preferred securities, known as QUIPS, issued by a financing trust owned by its subsidiary Progress Energy, Inc. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) The redemption covers the entire issue of FPC Capital I 7.10 percent Cumulative Quarterly Income Preferred Securities (NYSE: FPCPRA), with a face value of $300 million. As the...

CHARLOTTE, N.C., Dec. 3, 2012 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced that it has reached a settlement agreement with the North Carolina Attorney General. The agreement resolves all issues related to the matters under review by the attorney general regarding Duke Energy's change in president and chief executive officer following the close of the merger between Duke Energy Corp. and Progress Energy Inc. on July 2, 2012. "Today's actions by the North Carolina...

RALEIGH, N.C., Nov. 29, 2012 /PRNewswire/ -- Progress Energy Carolinas residential customers in North Carolina will pay slightly less for electricity beginning Dec. 1. As approved by the N.C. Utilities Commission (NCUC), the bill for a residential customer using 1,000 kilowatt-hours (kWh) per month will decrease from $105.15 to $104.06. The decrease is similar to other decreases applied in 2009 and 2010. In September, customers began seeing reductions in their bills related to...

CHARLOTTE, N.C., Nov. 1, 2012 /PRNewswire/ -- Duke Energy, the nation's largest electric utility, today deployed 150 additional workers to help other utilities in eight states restore power to 4.7 million homes and businesses in the aftermath of Hurricane Sandy. Duke Energy's storm team now totals 2,850 employees and contractors working in Connecticut, Maryland, New Jersey, New York, Pennsylvania, Virginia, West Virginia and Ohio. Duke Energy communicator Lee Freedman - embedded in...

CHARLOTTE, N.C., Oct. 31, 2012 /PRNewswire/ -- Duke Energy, the nation's largest electric utility, today deployed 1,000 additional workers to help other utilities in eight states restore power to more than 6 million homes and businesses in the aftermath of Hurricane Sandy. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) Duke Energy's storm team now totals 2,700 employees and contractors working long hours in difficult conditions in Connecticut, Maryland, New...

CHARLOTTE, NC, Oct. 30, 2012 /PRNewswire/ -- Duke Energy, the nation's largest electric utility, today deployed 423 additional employees and contractors to help restore power to more than 8 million homes and businesses in the hard hit Mid-Atlantic and Northeast U.S. following Hurricane Sandy. The new workers join 1,250 Duke Energy workers dispatched Monday, bringing the company's total storm contingent to nearly 1,700. The utility also said it expects to deploy additional crews...