Latest Progress Energy Inc Stories

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:...

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 more...

CHARLOTTE and RALEIGH, N.C., Sept. 2, 2011 /PRNewswire/ -- Duke Energy and Progress Energy today announced a settlement with the N.C. Public Staff regarding the companies' proposed merger. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) The proposed settlement, if approved by the NCUC, would provide for the following: Guaranteed customer savings - the companies will guarantee North Carolina customers...

RALEIGH, N.C., Aug. 23, 2011 /PRNewswire/ -- Shareholders of Progress Energy Inc. (NYSE: PGN) have overwhelmingly approved the proposed merger with Duke Energy (NYSE: DUK). At a special shareholders' meeting held this morning in Raleigh, more than 95 percent of the Progress Energy shares voted were in favor of the merger. Most votes had been cast in electronic balloting in the last several weeks, with some shareholders voting at the meeting today. In a separate meeting in Charlotte today,...

CHARLOTTE, N.C., Aug. 23, 2011 /PRNewswire/ -- Duke Energy (NYSE: DUK) shareholders today overwhelmingly approved the proposed merger with Progress Energy. More than 90 percent of the Duke Energy shares voted supported the proposal. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) Duke Energy shareholders specifically approved a 1-for-3 reverse stock split as well as the issuance of Duke Energy common stock to Progress Energy shareholders upon closing of the merger...

CHARLOTTE, N.C. and RALEIGH, N.C., Aug. 5, 2011 /PRNewswire/ -- Duke Energy and Progress Energy announced today that ISS Proxy Advisory Services and Glass, Lewis & Co. have recommended that Duke Energy and Progress Energy shareholders vote for the proposed merger of the two companies. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) "We are pleased these two firms have recommended that our respective shareholders approve our proposed merger," said Jim Rogers,...

RALEIGH, N.C., Aug. 4, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) announced second-quarter GAAP earnings of $176 million, or $0.60 per share, compared with GAAP earnings of $180 million, or $0.62 per share, for the same period last year. Second-quarter ongoing earnings were $211 million, or $0.71 per share, compared to $181 million, or $0.63 per share, for the same period last year. The significant drivers in ongoing earnings per share were lower depreciation and amortization expense...

CHARLOTTE, N.C. and RALEIGH, N.C., Aug. 2, 2011 /PRNewswire/ -- The Kentucky Public Service Commission (KPSC) today approved the merger-related application filed in April by Duke Energy Corp. (NYSE: DUK) and Progress Energy, Inc. The application sought approval for the indirect transfer of Duke Energy Kentucky that would result from the merger of the companies. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c...

CHARLOTTE and RALEIGH, N.C., July 7, 2011 /PRNewswire/ -- Duke Energy Corp. (NYSE: DUK) (Duke Energy) and Progress Energy, Inc. (Progress Energy) have scheduled special meetings Tuesday, Aug. 23, for shareholders to vote on the companies' proposed merger announced Jan. 10. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) The companies are mailing a joint proxy statement/prospectus to their respective...

RALEIGH, N.C., July 5, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) will hold a conference call to discuss 2011 second-quarter earnings results on Thursday, Aug. 4. 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...