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Progress Energy, Inc.

 

PGN

Progress Energy, Inc. is an energy company located in the southeast part of the United States. Through its subsidiaries, Progress Energy Carolinas, Inc. and Progress Energy Florida, it is involved in the generation, transmission, distribution and sale of electricity in portions of North Carolina, South Carolina and Florida. Through its Competitive Commercial Operations business unit, Progress Energy is engaged in non-regulated electricity generation operations. Through its Fuels business segment, the company is involved in natural gas, coal and synthetic fuel-related activities. Through its Rail Services unit, it engages in various rail and railcar-related services. The Corporate and Other Businesses unit includes telecommunication services, miscellaneous non-regulated activities and holding company operations. In June 2004, Progress Energy sold its partnership interest in Colona Synfuel Limited Partnership, LLLP.

 

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