Progress Energy requests 14% rate increase for residential customers
Progress Energy Carolinas is asking state regulators for a rate increase that would boost the average household electricity bill of its North Carolina customers by nearly $180 a year. The Raleigh-based utility's request for higher rates, submitted ...
Progress Energy to shut down coal power plant in Goldsboro
Progress Energy's planned shutdown Saturday of its aging H.F. Lee power plant near Goldsboro marks the beginning of a major wave of closures of coal-burning plants dating back to 1949. Much of the electric utility's coal-derived power, destined for the ...
Nexen, Progress Energy Sales Approved, Canada Draws a Line in the Sands
After markets closed on Friday, Canadian Prime Minister Stephen Harper announced that the government had approved both the $15.1 billion sale of Nexen Inc. (NYSE: NXY) to China's Cnooc Ltd. (NYSE: CEO) and the $5 billion sale of Progress Energy ...