Layoffs, new name ahead for Progress Energy after merger
Duke Energy is on track to finalize the staff of its 29,000-employee organization by next month, following the Charlotte power company's merger with Raleigh-based Progress Energy. The newly structured company is also preparing to introduce a new ...
Progress Energy to shut down coal power plant in Goldsboro
Progress Energy's planned shutdown Saturday of its aging H.F. Lee power plant near Goldsboro marks the beginning of a major wave of closures of coal-burning plants dating back to 1949. Much of the electric utility's coal-derived power, destined for the ...
Nexen, Progress Energy Sales Approved, Canada Draws a Line in the Sands
After markets closed on Friday, Canadian Prime Minister Stephen Harper announced that the government had approved both the $15.1 billion sale of Nexen Inc. (NYSE: NXY) to China's Cnooc Ltd. (NYSE: CEO) and the $5 billion sale of Progress Energy ...