BNET Industries

Carolina Power & Light Co.

(CPWLP) is in the Energy Industry

Market Cap:$21.2M
Last Fiscal Year Sales:$4.4B
  • Public
  • US
Dow Jones Description

Progress Energy, Inc. (Progress Energy or the Company, which includes consolidated subsidiaries unless otherwise indicated) is a registered holding company under the Public Utility Holding Company Act of 1935 (PUHCA) and is an integrated energy company located principally in the southeast region of the United States. The Company is subject to the regulatory provisions of PUHCA. Progress Energy was incorporated on August 19, 1999. The Company was initially formed as CP&L Energy, Inc. (CP&L Energy), which became the holding company for Carolina Power & Light Company (CP&L) on June 19, 2000. All shares of common stock of CP&L were exchanged for an equal number of shares of CP&L Energy common stock. Effective January 1, 2003, CP&L, Florida Power Corporation and Progress Ventures, Inc., (PVI) began doing business under the names Progress Energy Carolinas, Inc. (PEC), Progress Energy Florida, Inc. (PEF) and Progress Energy Ventures, Inc. (PVI), respectively. The legal names of these entities have not changed and there was no restructuring of any kind related to the name change.

President and Chief Executive Officer, PEC
Fred N Day IV
Contact Information

410 S. Wilmington Street

Raleigh, North Carolina 27601

9195466111

NAICS Code Other Electric Power Generation: 221119

Recent Events

  • 50 Years Ago: Raising the roof, shaking the rafters

    10/07/09 - Mgmt. Change Entering - Other - View Story

News & Analysis

carolina power & light co. - All News and Analysis

Decision Makers

Name (plus bio) Position
Fred N Day IV President and Chief Executive Officer, PEC
Peter M Scott III President and Chief Executive Officer, Progress Energy Service Company
William Habermeyer Jr President and Chief Executive Officer, PEF
William D Johnson President and Chief Operating Officer, Progress Energy
William S Orser Group President, Energy Supply
Geoffrey S Chatas Executive Vice President and Chief Financial Officer, Progress Energy
Robert H Bazemore Jr Chief Accounting Officer and Controller, Progress Energy
Donald K Davis Executive Vice President, PEC
E Michael Williams Senior Vice President, PEC
John R McArthur Senior Vice President, General Counsel
Lloyd M Yates Senior Vice President, PEC
Carlos A. Saladrigas Director

Board of Directors

Name (plus bio) Position
Sherwood Smith Chairman Emeritus

Organization Position Status
Carolina Power & Light Co President and Chief Executive Officer, PEC Current

Organization Position Status
Carolina Power & Light Co President and Chief Executive Officer, Progress Energy Service Company Current

Organization Position Status
Carolina Power & Light Co President and Chief Executive Officer, PEF Current

Organization Position Status
Carolina Power & Light Co President and Chief Operating Officer, Progress Energy Current

Organization Position Status
Carolina Power & Light Co Group President, Energy Supply Current
Tennessee Valley Authority Interim Chief Operating Officer Current
North Carolina Family Policy Council Board Member Current
Progress Energy, Inc. Group President of Energy Supply Former
Carolina Power & Light Co Chief Nuclear Officer Former
Carolina Power & Light Co Executive Vice President Former
The Detroit Edison Company Senior Vice President of Nuclear Generation Former

Organization Position Status
Carolina Power & Light Co Executive Vice President and Chief Financial Officer, Progress Energy Current

Organization Position Status
Carolina Power & Light Co Chief Accounting Officer and Controller, Progress Energy Current

Organization Position Status
Carolina Power & Light Co Executive Vice President, PEC Current

Organization Position Status
Carolina Power & Light Co Senior Vice President, PEC Current

John McArthur was named executive vice president in September 2008. In that role, he is responsible for corporate and utility support functions, including Corporate Services; Corporate Communications; Efficiency and Innovative Technology; Human Resources; Information Technology and Telecommunications; and, External Relations. The compliance, legal and audit functions are also part of his group. He serves as corporate secretary, a position he has held since January 2004. Previously he served as senior vice president - Corporate Relations and as vice president - Public Affairs. McArthur came to Progress Energy in December 2001 after serving as a senior adviser to N.C. Gov. Mike Easley. McArthur directed major policy initiatives as well as media and legal affairs for the governor. Previously, McArthur handled state government affairs for General Electric Co. He also served as chief counsel in the N.C. Attorney General's office, where he supervised utility, consumer, health care and environmental protection issues. He was a partner in the Raleigh law office of Hunton & Williams. He also served as a law clerk to the Honorable Sam J. Ervin III of the U.S. Court of Appeals for the Fourth Circuit. A graduate of Davidson College, he earned his law degree from the University of South Carolina where he was editor of the Law Review.

Organization Position Status
Progress Energy, Inc. Executive Vice President and Corporate Secretary Current
Carolina Power & Light Co Senior Vice President, General Counsel Current

Organization Position Status
Carolina Power & Light Co Senior Vice President, PEC Current

Organization Position Status
Carolina Power & Light Co Chairman Emeritus Current
AllConnect Inc. Chairman Current
Northern Telecom Board of Directors Current
Phil Bender Board of Directors Current
Franklin Street Partners Director Current
Triangle Capital Corp Board of Directors Current
Carolina Power & Light Co CEO Former
Springs Industries, Inc. Director Former
The University of North Carolina Chairman Former
Visitors Chairman Former
Lightcompany Director Former
Nortel Networks Corporation Board Member Former
Northwestern Mutual Life Insurance Company Director Former
The Business Council Board of Directors Former
The University of North Carolina at Chapel Hill Degree Former

Organization Position Status
Premier American Bank Co-Founder Current
Cuba Study Group Co-Chairman Current
Premier American Bank Vice Chairman Current
Progress Energy, Inc. Director Current
Carolina Power & Light Co Director Current
Progress Energy, Inc. Finance Committee Member Current
Advance Auto Parts, Inc. Audit Committee Member Current
ADP TotalSource Chief Executive Officer Former
Advance Auto Parts, Inc. Director and Co-Founder and Chairman of the Board, Premier American Bank Former
ADP TotalSource Officer Former
Advance Auto Parts, Inc. Director Current
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     CPWLP $85.00 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 516
Shares Outstanding -
Market Cap -
Year High 90
Year Low 71
Earnings Per Share N/A
P/E Ratio -
Dividend 5.44
Yield 6.40
IndustryTop Rated

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