| Business Summary | | Progress
Energy,
Inc.
is
primarily
engaged
in
the
generation,
transmission
and
distribution
of
electricity
in
portions
of
North
and
South
Carolina
and
Florida,
in
addition
to
the
transmission
and
distribution
of
natural
gas
in
portions
of
North
Carolina.
The
Company
also
operates
a
fiber
optic
network
from
Florida
to
Washington,
DC,
along
with
providing
energy
management
services
and
other
services
such
as
coal
mines,
rail
and
barge
activities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Progress
Energy,
a
holding
company,
is
engaged
in
generation,
transmission,
distribution
and
sale
of
electricity
in
portions
of
NC
and
SC
and
natural
gas
in
portions
of
NC.
For
the
six
months
ended
6/30/01,
revenues
totaled
$4.22
billion,
up
from
$1.77
billion.
Net
income
rose
38%
to
$265.7
million.
Revenues
reflect
the
acquisition
of
the
Florida
Progress
on
11/30/00.
Earnings
were
partially
offset
by
increased
expenses
for
the
fuel
used
in
electric
generation. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Cavanaugh, III, 62 Chairman,
Pres, CEO | $6.4M | H. William Habermeyer, Jr., 58 Pres
and CEO, Florida Power Corp. | -- | Tom Kilgore, 53 Group
Pres, CP&L | -- | William Orser, 56 Group
Pres, CP&L and Florida Power Corp. | 1.0M | Peter Scott, III, 51 Exec.
VP, CFO | 1.7M | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|