Already legally troubled Progress Energy Inc., Raleigh, NC, ran into more problems Thursday when the San Francisco city attorney sued the company for $300 million, alleging a predecessor of the company defaulted on an energy-saving contract for which the city’s schools had already paid more than $23 million.
Raleigh
Articles from Raleigh
Soft Energy Market Forces Progress Energy to Reduce Energy Trading, Plant Operations
In response to continued softness in the wholesale energy market, Raleigh, NC-based Progress Energy said Wednesday that it will reduce the scope of its marketing and trading as well as its power plant operations.
January 13, 2003
NCNG Shareholders Approve Acquisition
Shareholders of North Carolina Natural Gas Corp. (NCNG) approvedthe company’s acquisition by Raleigh, NC-based Carolina Power &Light. The companies are awaiting approval by the North CarolinaUtilities Commission and the South Carolina Public ServiceCommission. CP&L anticipates commission approval and completionof the acquisition in July.
June 30, 1999
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