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Progress Energy was a power generation and distribution company. Prior to its merger with Duke Energy , it was a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues.
On July 3, 2012, Duke Energy merged with Progress Energy Inc with the Duke Energy name retained along with the Charlotte, North Carolina, headquarters. [15] [16] Duke announced on June 18, 2013, that CEO Jim Rogers was retiring and Lynn Good would become the new CEO.
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In August 1999 Carolina Power and Light Company agreed to buy the Florida Progress Corporation. [4] The merger was complete in 2000, and the combined company was called Progress Energy. [5] In 2009 the company announced that the coal-fired units and combustion turbines at the H.F. Lee Plant would be retired. [1]
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For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
Progress Energy Center for the Performing Arts, the former name of the main venue for the performing arts in Raleigh, North Carolina; Progress Energy Park, the former name of the downtown waterfront stadium in St. Petersburg, Florida; In business: Progress Energy Inc, American power generation and distribution company