- Progress Energy Inc
Progress Energy, Inc. (nyse|PGN) is an energy company based in
Raleigh, North Carolina, formed in 2000from the merger of Carolina Power & Lightand Florida Progress Corporation. It sells power and energy-related products to electric and gas customers in the Southeast of the United States. The company's chairman and CEOis William D. Johnson; his predecessor was Mr. Bob McGehee, who died on October 9, 2007at the age of 64 of a strokewhile on a business trip to London.
The company's current slogan is, "People, performance, excellence."
Researchers at the
University of Massachusetts Amhersthave identified Progress Energy as the 29th-largest corporate producer of air pollutionin the United States in 2002, when it released roughly 39 million pounds of toxic chemicals into the air. Major pollutants included nickelcompounds, chromiumcompounds, sulfuric acid, and hydrochloric acid[ [http://www.peri.umass.edu/Toxic-100-Table.265.0.html Political Economy Research Institute Toxic 100] retrieved 14 Aug 2007] . Progress has also been named a potentially responsible party at the Carolina Transformer Co. Superfundtoxic waste site, according to the Center for Public Integrity. [ [http://projects.publicintegrity.org/Superfund/SiteResults.aspx?act=progress%20energy Center for Public Integrity] ]
Progress Energy owns the naming rights to the
University of Central Florida's "Progress Energy Welcome Center". It also owns the naming rights to St. Petersburg's " Progress Energy Park, home of Al Lang Field".
* [http://www.progress-energy.com/ Progress Energy website]
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