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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.
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Progress Energy Center for the Performing Arts, the former name of the main venue for the performing arts in Raleigh, North Carolina; Progress Energy Park, the former name of the downtown waterfront stadium in St. Petersburg, Florida; In business: Progress Energy Inc, American power generation and distribution company
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.
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.