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Last updated on April 18, 2014 at 0:11 EDT

Latest Progress Energy Inc Stories

2011-05-05 06:30:00

RALEIGH, N.C., May 5, 2011 /PRNewswire-FirstCall/ -- Progress Energy (NYSE: PGN) announced first-quarter GAAP earnings of $184 million, or $0.62 per share, compared with GAAP earnings of $190 million, or $0.67 per share, for the same period last year. First-quarter ongoing earnings were $202 million, or $0.69 per share, compared to $213 million, or $0.75 per share, for the same period last year. The significant drivers in ongoing earnings per share were extreme weather in the prior year...

2011-05-03 06:00:00

CHARLOTTE, N.C., May 3, 2011 /PRNewswire/ -- First quarter 2011 adjusted diluted earnings per share (EPS) were 39 cents, compared to 36 cents for the first quarter 2010 Reported diluted EPS for first quarter 2011 was 38 cents, compared to 34 cents for the first quarter 2010 Company is on track to achieve 2011 adjusted diluted EPS outlook range of $1.35 to $1.40 per share Duke Energy (NYSE: DUK) today announced first quarter 2011 adjusted diluted EPS of 39 cents, compared to 36 cents...

2011-04-05 14:20:00

RALEIGH, N.C., April 5, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) will hold a conference call to discuss 2011 first-quarter earnings results on Thursday, May 5. 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: https://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) Investors, media and the public may...

2011-04-04 15:44:00

CHARLOTTE, N.C., and RALEIGH, N.C., April 4, 2011 /PRNewswire/ -- Duke Energy Corp. and Progress Energy, Inc. today filed applications seeking regulatory approval of the merger the companies announced Jan. 10. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO ) (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) An application to the N.C. Utilities Commission (NCUC) filed today outlines numerous customer benefits that will occur as a result of the merger. They...

2011-03-31 10:45:00

RALEIGH, N.C., March 31, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) delivered strong results during a time of major transition for the company and the industry, and continues to build on success in its core mission of serving customers and creating financial returns for shareholders. That is the message from Progress Energy Chairman, President and CEO Bill Johnson in the company's 2010 annual report released to shareholders today. (Logo:...

2011-03-16 13:30:00

RALEIGH, N.C., March 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 May 2, 2011, to shareholders of record as of April 11, 2011. This represents a total annual dividend of $2.48 per share. (Logo: https://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company...

2011-03-10 09:00:00

ARMONK, N.Y., March 10, 2011 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it has been selected by Progress Energy as the lead systems integrator for the utility's smart grid program. Together the companies will transform Progress Energy's networks by improving power efficiency, increasing power quality and reliability, and enhancing capabilities for renewable energy, energy storage systems and plug-in electric vehicles. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO)...

2011-02-18 06:30:00

RALEIGH, N.C., Feb. 18, 2011 /PRNewswire/ -- Progress Energy (NYSE: PGN) announced full-year GAAP earnings of $856 million, or $2.95 per share, compared with GAAP earnings of $757 million, or $2.71 per share, for the same period last year. Full-year ongoing earnings were $889 million, or $3.06 per share, compared to $846 million, or $3.03 per share, last year. The significant drivers in ongoing earnings per share were favorable weather, partially offset by higher O&M. (See the...

2011-02-17 11:01:00

WASHINGTON, Feb. 17, 2011 /PRNewswire/ -- The future of nuclear energy in the U.S. is promising, complicated and challenging. But the central question related to new nuclear plants is not "if" they're needed, but "when" and "how" they'll be built. (Logo: http://photos.prnewswire.com/prnh/20020923/CHM008LOGO-c ) "Despite the sea change of events in the last five years, the underlying need for a secure, clean and affordable energy supply is stronger than ever," said Bill Johnson, chairman,...

2011-02-14 10:30:00

WASHINGTON, Feb. 14, 2011 /PRNewswire/ -- The U.S. electric utility industry faces an "unprecedented convergence of new federal environmental rules - unprecedented in scope of change and compression of deadlines," Progress Energy Chairman, President and CEO Bill Johnson told utility regulators Monday in Washington. And the "current fragmented approach, coupled with rapid-compliance deadlines, is a recipe for inefficiency, system reliability challenges and unnecessarily high cost." (Logo:...