July 13, 2010

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

COMPANIES: Progress Energy Inc
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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…

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