PROGRESS ENERGY: PEC Potentially Liable at Ward Transformer Site

Progress Energy, Inc.’s subsidiary, Carolina Power & Light Company (d/b/a Progress Energy Carolinas, Inc. [PEC]), is a potentially responsible party at the Ward Transformer site in Raleigh, N.C.

In 2004, the U.S. Environmental Protection Agency advised PEC that it had been…

PROGRESS ENERGY: Records $40Mil Remediation Accruals at March 31

Progress Energy, Inc.’s total environmental remediation accruals amounted to US$40 million as of March 31, 2010, compared with US$42 million as of Dec. 31, 2009.

Based in Raleigh, N.C., Progress Energy, Inc. provides electricity to 3.1 million customers. It serves customers…

PROGRESS ENERGY: Accrues $4Mil for Ward Transformer at March 31

Progress Energy, Inc., for the three months ended March 31, 2010, accrued US$4 million and spent about US$6 million for Carolina Power & Light Company’s (PEC) Ward Transformer Site in Raleigh, N.C.

The amounts also cover Florida Power Corporation’s (PEF) distribution…

PROGRESS ENERGY: PEC Records $5M Liability for Ward Site in N.C.

Progress Energy, Inc.’s subsidiary, Carolina Power & Light Company (PEC), recorded a liability of US$4 million for the Ward Transformer site in Raleigh, N.C. at March 31, 2010, compared with US$4 million at Dec. 31, 2009.

In 2004, the U.S. Environmental…

PROGRESS ENERGY: Discussions on Ward OU1, Ward OU2 Still Ongoing

Progress Energy, Inc. says that discussions among certain representatives of certain potentially responsible parties, including Carolina Power & Light Company (PEC), and the U.S. Environmental Protection Agency, regarding the Ward Transformer site in Raleigh, N.C., are ongoing.

On Sept. 30, 2008,…

PROGRESS ENERGY: Has $34M at March 31 for NOx Emission Allowance

Progress Energy, Inc. had about US$34 million for nitrogen oxide emission allowances at March 31, 2010, compared with US$36 million as of Dec. 31, 2009.

At March 31, 2010 and Dec. 31, 2009, Company subsidiary Carolina Power & Light Company (PEC)…

PROGRESS ENERGY: Has $19M at March 31 for SO2 Emission Allowance

Progress Energy, Inc. had about US$19 million in sulfur dioxide emission allowances at March 31, 2010, compared with US$20 million at Dec. 31, 2009.

Company subsidiary Carolina Power & Light Company (PEC) had about US12 million in SO2 emission allowances at…

PROGRESS ENERGY: Trial in Ward Transformer Case Set for May 2012

Progress Energy, Inc. says that a trial involving the Ward Transformer site in Raleigh, N.C., is scheduled for May 7, 2012.

In 2008 and 2009, Company subsidiary, Carolina Power & Light Company (PEC), filed civil actions against potentially responsible parties seeking…

PROGRESS ENERGY: Records CWA Compliance Costs of $60MM to $90MM

Progress Energy, Inc.’s cost estimates to comply with the July 2004 Clean Water Act rule were US$60 million to US$90 million, according to the Company’s quarterly report filed with the Securities and Exchange Commission for the period ended March 31,…

PROGRESS ENERGY: EPA Estimates $6M Selected Remedy for Ware OU1

Progress Energy, Inc. says that the U.S. Environmental Protection Agency’s estimate for the selected remedy for the operable unit for stream segments downstream from the Ward (Ward OU1) Transformer site in Raleigh, N.C., is about US$6 million.

On Sept. 30, 2008,…

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