Progress Energy, Inc. news

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Duke Energy to Buy Progress Energy for $13.7 Billion
Duke Energy Corp. will buy Progress Energy Inc. for $13.7 billion in stock, creating the largest U.S. utility and increasing its ability to build new power plants to meet future greenhouse-gas emissions limits.
Moody's puts Duke Energy, Progress Energy and Duke Energy Progress on review ...
New York, October 27, 2015 -- Moody's Investors Service placed the long-term ratings of Duke Energy Corporation (Duke, A3 senior unsecured), Progress Energy, Inc. (Progress, Baa1 senior unsecured), and Duke Energy Progress, Inc. (A1 senior unsecured) ...
Moody's changes outlook of Duke Energy, Progress Energy and Duke Energy ...
New York, June 05, 2015 -- Moody's Investors Service affirmed the ratings of Duke Energy Corporation (Duke, A3 senior unsecured), Progress Energy, Inc. (Baa1 senior unsecured), and Duke Energy Progress, Inc. (A1 senior unsecured) and changed their ...
Duke Energy-Progress Energy merger approved by North Carolina regulators
RALEIGH, N.C. -- North Carolina utilities regulators on Friday approved the long-planned takeover of Progress Energy by Duke Energy, clearing the last major hurdle to creating the largest American electric company. The combined company will serve about ...
Progress Energy, Inc. (NYSE:PGN) Receives Average Rating of “Hold” from Analysts
Progress Energy logo Shares of Progress Energy, Inc. (NYSE:PGN) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, Analyst Ratings Net reports.
Highwoods hires former Progress Energy CFO Mark Mulhern
Mark Mulhern, one of the former top Progress Energy executives who abruptly resigned from the company following its merger with Duke Energy, is coming back to Raleigh.
Pacific Northwest LNG president exits, Progress Energy chief to take over
“He leaves Pacific NorthWest LNG as a strong company with an excellent management team and a committed, dedicated group of employees.
Related articles »  
Progress Energy slashes spending due to Pacific NorthWest LNG delays
Progress is the most-active gas driller in British Columbia, according to the B.C. Oil and Gas Commission. In 2014, Progress drilled 203 wells in the B.C. Montney formation—roughly one-third of all wells in B.C. The company has spent $5-billion ...
Petronas slashes spending as it awaits decision on B.C. liquefied natural ...  Financial Post
Duke Energy proposes $146 million to settle Progress Energy merger lawsuit
That $32 billion deal created the nation's largest power company and allowed Duke to enter the Florida electricity market as Duke Energy Florida.
Duke Energy agrees to $146M payout to settle suits over Progress merger  Charlotte Business Journal (blog)
Progress Energy evacuates North Montney ops due to forest fires
CNRL is working with local officials during their ongoing management of the fires, said Julie Woo, the company's public affairs advisor.