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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.
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.
The H.F. Lee Energy Complex, formerly the Goldsboro Plant, is an electrical power generating complex operated by Duke Energy. The power complex was originally owned by the Carolina Power & Light Company, which inaugurated a coal-fired power plant in 1951. Two more coal plants were added in 1952 and 1962, and then oil-fueled turbines were added ...
Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output. That's because earnings are very often less ...
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.
Progress Energy (NYS: PGN) reported earnings on Feb. 16. Here are the numbers you need to know. The 10-second takeawayFor the quarter ended Dec. 31 (Q4), Progress Energy whiffed on revenues and ...
Crystal River was originally owned by Florida Progress Corporation (and operated by its subsidiary, Florida Power Corporation) but, in 2000, it was bought by Carolina Power & Light to form the new company, Progress Energy. Progress Energy owned 91.8% of the plant; the remainder is owned by nine municipal utilities. Effective July 2, 2012, Duke ...
Margins matter. The more Progress Energy (NYS: PGN) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
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