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Last updated on April 18, 2014 at 1:21 EDT

Latest Progress Energy Inc Stories

2012-01-17 13:28:00

RALEIGH, N.C., Jan. 17, 2012 /PRNewswire/ -- Progress Energy (NYSE: PGN) will hold a conference call on Thursday, Feb. 16, to provide 2012 ongoing earnings guidance and discuss 2011 fourth-quarter and year-end earnings results. The conference call will begin at 2 p.m. ET (11 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:...

2011-12-15 15:10:00

CHARLOTTE, N.C. and RALEIGH, N.C., Dec. 15, 2011 /PRNewswire/ -- Below is a statement issued today by Duke Energy and Progress Energy. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) (Logo: http://photos.prnewswire.com/prnh/20110110/PROGRESSENERGYLOGO ) "Duke Energy and Progress Energy announced today they remain committed to proceeding with their planned merger. "The companies' legal and regulatory teams are currently reviewing the order issued late yesterday by the...

2011-12-14 11:50:00

RALEIGH, N.C., Dec. 14, 2011 /PRNewswire/ -- Progress Energy's board of directors today declared a partial dividend of 25.9 cents per share on outstanding shares of Progress Energy's common stock. The dividend is payable Jan. 9, 2012, to Progress Energy shareholders of record at the close of business on Dec. 28, 2011. The board of directors declared the partial dividend in order to align Progress Energy's dividend payment schedule with that of Duke Energy (NYSE: DUK). The partial...

2011-11-28 07:00:00

CHARLOTTE, N.C., Nov. 28, 2011 /PRNewswire/ -- Duke Energy (NYSE: DUK) has entered into a new $6 billion, five-year credit agreement with 30 financial institutions. The company has immediate access to $4 billion under the credit agreement and $2 billion becomes available following the successful closing of Duke Energy's proposed merger with Progress Energy. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) The credit agreement supports the company's commercial paper...

2011-11-07 08:00:00

RALEIGH, N.C., Nov. 7, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) announced today that it has commenced a tender offer for any and all of its outstanding contingent value obligations (CVOs). (Logo: <font size="2" face="Arial">http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c )</font> The tender offer is being made pursuant to the terms and conditions described in Progress Energy's Offer to Purchase, dated Nov. 7, 2011, and the accompanying letter of...

2011-11-03 06:30:00

RALEIGH, N.C., Nov. 3, 2011 /PRNewswire-FirstCall/ -- Progress Energy [NYSE: PGN] announced third-quarter GAAP earnings of $291 million, or $0.98 per share, compared with GAAP earnings of $361 million, or $1.23 per share, for the same period last year. Third-quarter ongoing earnings were $344 million, or $1.16 per share, compared to $361 million, or $1.23 per share, for the same period last year. The significant drivers in ongoing earnings per share were less favorable weather than 2010...

2011-11-02 12:00:00

RALEIGH, N.C., Nov. 2, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) announced today that it has settled litigation concerning interpretation of provisions of the documents governing its contingent value obligations ("CVOs") previously filed by Davidson Kempner Partners, M.H. Davidson & Co., Davidson Kempner Institutional Partners, L.P., and Davidson Kempner International, Ltd. (jointly, "Davidson Kempner"). (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) As...

2011-10-04 07:00:00

RALEIGH, N.C., Oct. 4, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) will hold a conference call to discuss 2011 third-quarter earnings results on Thursday, Nov. 3. 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) Investors, media and the public may...

2011-10-03 07:02:00

CHARLOTTE and RALEIGH, N.C., Oct. 3, 2011 /PRNewswire/ -- The Federal Energy Regulatory Commission (FERC) has conditionally authorized the proposed merger of Duke Energy and Progress Energy, subject to the agency's approval of mitigation measures to address its finding that the combined company could have an adverse effect on competition in Carolinas power markets. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) (Logo:...

2011-09-16 10:15:00

RALEIGH, N.C., Sept. 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 Nov. 1, 2011, to shareholders of record as of Oct. 11, 2011. This represents a total annual dividend of $2.48 per share. (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c) Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with...