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Latest Progress Energy Inc Stories

2012-08-02 02:24:16

RALEIGH, N.C., Aug. 2, 2012 /PRNewswire/ -- Duke Energy Corporation (NYSE: DUK) and Progress Energy, Inc. completed their merger on July 2, 2012. In connection with the merger, Progress Energy has become a wholly owned direct subsidiary of Duke Energy. As a result, the Progress Energy financial results for the second quarter 2012 are on a stand-alone basis and are not included in Duke Energy's results. The financial results of Progress Energy will be included in Duke...

2012-07-27 14:20:10

RADNOR, Pa., July 27, 2012 /PRNewswire/ -- The following statement was issued today by the law firm of Kessler Topaz Meltzer & Check, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Eastern District of North Carolina on behalf of former Progress Energy Inc. (NYSE: PGN) ("Progress") shareholders whose common stock was exchanged for shares of Duke Energy Corporation (NYSE: DUK) ("Duke" or the "Company"), in connection with the...

2012-07-27 10:20:37

RALEIGH, N.C., July 27, 2012 /PRNewswire/ -- Progress Energy Carolinas, a subsidiary of Duke Energy (NYSE: DUK), will accelerate the retirement of one North Carolina coal-fired power plant previously slated for closing in 2013, and will retire the utility's only coal-fired unit in South Carolina. The company announced today that the 316-megawatt (MW) Cape Fear coal-fired plant, located near Moncure, N.C., and the 177-MW H.B. Robinson Unit 1 coal-fired plant, located near Hartsville, S.C.,...

2012-07-24 14:20:42

SAN FRANCISCO, July 24, 2012 /PRNewswire/ -- The following statement was issued today by the law firm of Kessler Topaz Meltzer & Check, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Eastern District of North Carolina on behalf of those who acquired the common stock of Duke Energy Corporation (NYSE:DUK) ("Duke" or the "Company"), in connection with the Company's merger with Progress Energy Inc. ("Progress") (the...

2012-07-17 02:23:26

CHARLOTTE, N.C., July 17, 2012 /PRNewswire/ -- Duke Energy (NYSE: DUK) will release its second quarter 2012 earnings results at 7 a.m. ET on Thursday, Aug. 2. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) Duke Energy Corporation and Progress Energy Inc. completed their merger on July 2, 2012. In connection with the merger, Progress Energy has become a wholly owned direct subsidiary of Duke Energy. Therefore, the operations of Progress Energy will be included in Duke...

2012-07-05 06:20:42

CHICAGO, July 5, 2012 /PRNewswire/ -- Today, Zacks Equity Research discusses the U.S. Utilities, including Atlantic Power Corporation (NYSE:AT), TransAlta Corp. (NYSE:TAC), Artesian Resources Corp. (Nasdaq:ARTNA), Duke Energy Corporation (NYSE:DUK) and Progress Energy Inc. (NYSE:PGN). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) A synopsis of today's Industry Outlook is presented below. The full article can be read at...

2012-07-03 02:20:54

CHARLOTTE, N.C., July 3, 2012 /PRNewswire/ -- Duke Energy Corporation (NYSE: DUK) today confirmed the closing of its previously announced merger with Progress Energy Inc., effective July 2, 2012. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) The new company will be known as Duke Energy and will remain headquartered in Charlotte, with substantial operations in Raleigh, N.C. Duke Energy will trade on the New York Stock Exchange under the symbol DUK. In accordance...

2012-06-11 02:21:13

CHARLOTTE, N.C. and RALEIGH, N.C., June 11, 2012 /PRNewswire/ -- Duke Energy (NYSE: DUK) and Progress Energy (NYSE: PGN) consider the June 8 conditional orders by the Federal Energy Regulatory Commission (FERC) to be a positive development in enabling the companies to close their proposed merger by the targeted date of July 1. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO)(Logo: http://photos.prnewswire.com/prnh/20110110/PROGRESSENERGYLOGO) The companies have...

2012-05-08 10:22:19

CHARLOTTE, N.C. and RALEIGH, N.C., May 8, 2012 /PRNewswire/ -- Duke Energy (NYSE: DUK) and Progress Energy (NYSE: PGN) have entered into a supplemental merger settlement agreement with the North Carolina Utilities Commission (NCUC) Public Staff. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) (Logo: http://photos.prnewswire.com/prnh/20110110/PROGRESSENERGYLOGO ) The agreement was filed with the NCUC today. It is subject to approval by the NCUC after action by the...

2012-05-03 02:24:02

RALEIGH, N.C., May 3, 2012 /PRNewswire/ -- Progress Energy (NYSE: PGN) announced first-quarter GAAP earnings of $150 million, or $0.51 per share, compared with GAAP earnings of $184 million, or $0.62 per share, for the same period last year. First-quarter ongoing earnings were $143 million, or $0.48 per share, compared to $202 million, or $0.69 per share, for the same period last year. The significant drivers in ongoing earnings per share were unfavorable impact...