September 29, 2009

PROGRESS ENERGY: PEC Has $7M Liability at June 30 for Ward Site

COMPANIES: Progress Energy Carolinas Inc | Progress Energy Inc
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Progress Energy, Inc.’s subsidiary, Progress Energy Carolinas, Inc. (PEC), recorded a US$7 million liability for the Ward Transformer site in Raleigh, N.C. at June 30, 2009 and Dec. 31, 2008.

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

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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