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Contact us; Contribute Help; ... Number of employees. 11,000 (2007) Parent: Duke Energy: Progress Energy was a power generation and distribution company.
Carolina Power & Light (CP&L), later doing business as Progress Energy Inc., was an electrical generation, transmission, and distribution utility based in Raleigh, North Carolina. The company was founded on July 13, 1908 as the result of the merger and buyout of numerous small, private, and financial distressed utilities across the state.
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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One Progress Plaza is a high-rise building in Raleigh, North Carolina. It was completed in 1977 as a headquarters for Carolina Power & Light (now Progress Energy Inc) and has 21 floors [2] and 440,000 square feet (41,000 m 2) of space. It is owned by Hawthorn Associates. Former names include Center Plaza, CP&L Building, and Progress Energy ...
Progress Energy (NYS: PGN) carries $3.7 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.