September 29, 2009

PROGRESS ENERGY: PEC Cites $7M Liability for Roxboro No. 4, Mayo

COMPANIES: Progress Energy Carolinas Inc | Progress Energy Inc
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Progress Energy, Inc. recorded a US$7 million liability at June 30, 2009 (US$10 million at Dec. 31, 2008) for the the Roxboro No. 4 and Mayo Units, based upon the respective estimates for the remaining Clean Smokestacks Act compliance costs.

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TOPICS: Earnings | Legal Issues, Litigation | Loans & Financing | Power Producers/Utilities | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US
LOCATIONS: North Carolina | United States