History
In 2000, Carolina Power & Light bought Florida Progress Corporation and changed its name to Progress Energy. The company built a new headquarters in downtown Raleigh in 2004.
On January 10, 2011, Duke Energy announced plans to take over Progress Energy in a $26 billion deal resulting in the country's largest electric utility with 7.1 million customers. Although the headquarters will be in Charlotte, North Carolina, Duke Energy plans to "maintain substantial operations in Raleigh." When the merger was completed on July 3, 2012, Duke Chairman James E. (Jim) Rogers became Chairman and CEO of the new combined company, while Progress CEO Bill Johnson resigned.
Read more about this topic: Progress Energy Inc
Famous quotes containing the word history:
“The history of all Magazines shows plainly that those which have attained celebrity were indebted for it to articles similar in natureto Berenice—although, I grant you, far superior in style and execution. I say similar in nature. You ask me in what does this nature consist? In the ludicrous heightened into the grotesque: the fearful coloured into the horrible: the witty exaggerated into the burlesque: the singular wrought out into the strange and mystical.”
—Edgar Allan Poe (1809–1849)
“Revolutions are the periods of history when individuals count most.”
—Norman Mailer (b. 1923)
“It’s not the sentiments of men which make history but their actions.”
—Norman Mailer (b. 1923)