RALEIGH, N.C. — As mighty Hurricane Irene churns in the Atlantic Ocean, Progress Energy Carolinas employees are monitoring the potential path of the storm and implementing early phases of the company’s comprehensive storm plan. The company encourages customers to review their own safety plans, as well.
SOUTHPORT, N.C. — Tests of the public notification sirens located within 10 miles of the Brunswick Nuclear Plant will be conducted Wednesday, July 13 starting at 10 a.m. The tests are part of Progress Energy’s comprehensive emergency planning program performed in cooperation with the State of North Carolina and Brunswick and New Hanover counties.
RALEIGH, N.C. — Progress Energy has launched a new energy-efficiency program designed to provide customers with personalized information on their energy use so they can make informed choices and save money.
Starting this week, about 50,000 randomly selected Progress Energy customers will receive reports containing information on their electricity usage patterns and their home’s energy profile. They will also receive an anonymous comparison of their usage to nearby households with similar characteristics.
RALEIGH, N.C. — As temperatures rise in the Carolinas, so does home energy usage for most households. But there are ways to beat the heat without wearing out your wallet. Progress Energy encourages customers to take simple steps to lower their energy consumption this summer and SAVE on their bills.
Being smart about energy usage is simple. Just remember the acronym SAVE.
S – Set the thermostat on the highest comfortable setting.
A – Adjust your water heater.
V – Visit progress-energy.com/save for tips and ways to save.
E – Eliminate hotspots in the home.
RALEIGH, N.C. — Progress Energy Carolinas today issued a request for proposals (RFP) for electricity generated from solar resources located in its service territory. The request is part of the utility’s continual efforts to increase the amount of electricity purchased from renewable energy resources.
RALEIGH, N.C. — Progress Energy issued its fifth corporate responsibility report today, reflecting the company’s commitment to transparent communication on environmental performance, financial management, community partnerships and other business issues. The 2011 report also mentions the planned merger with Duke Energy and how the combined company will be positioned for growth, enabling a continued commitment to serving its customers and communities.
RALEIGH, N.C.– Progress Energy (NYSE: PGN) is serving its customers well, adapting to change and delivering solid returns for shareholders, Chairman, President and CEO Bill Johnson said Wednesday at the company’s annual meeting of shareholders in Raleigh.
Also Wednesday, the company’s board of directors declared a dividend on the company’s common stock. The quarterly dividend of 62 cents per share is payable Aug. 1, 2011, to shareholders of record as of July 11, 2011. This represents a total annual dividend of $2.48 per share.
RALEIGH, N.C. — Progress Energy (NYSE: PGN) announced first-quarter GAAP earnings of $184 million, or $0.62 per share, compared with GAAP earnings of $190 million, or $0.67 per share, for the same period last year. First-quarter ongoing earnings were $202 million, or $0.69 per share, compared to $213 million, or $0.75 per share, for the same period last year. The significant drivers in ongoing earnings per share were extreme weather in the prior year throughout the company’s service territories and decreased wholesale revenues in Florida, partially offset by lower depreciation and amortization expense in Florida. (See the discussion later in this release for a reconciliation of ongoing earnings per share to GAAP earnings per share.)
“The new energy economy demands skills that were not attainable, or even known, a generation ago,” said Lloyd Yates, president and CEO of Progress Energy Carolinas. “To increase awareness and build the energy workforce of the future, we must introduce energy concepts and related skills to students early in their education. Supporting education in our local communities also helps to ensure that students are given the opportunity to succeed and continue their education beyond high school.”
Duke Energy (NYSE: DUK) and Progress Energy, Inc. (NYSE: PGN) announced today that both companies’ boards of directors have unanimously approved a definitive merger agreement to combine the two companies in a stock-for-stock transaction. The combined company, to be called Duke Energy, will be the country’s largest utility, with:
- Approximately $65 billion in enterprise value and $37 billion in market capitalization
- The country’s largest regulated customer base, providing service to approximately 7.1 million electric customers in six regulated service territories North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio
Member registration will begin at 4 p.m. A barbecue pork and fried chicken dinner will be served outside from 4:30 p.m. – 6:30 p.m.
RALEIGH, N.C. — As temperatures rise in the Carolinas, so can home energy usage. But there are ways to beat the heat without wearing out your wallet. Progress Energy encourages customers to take SMART, simple steps to lower their summer energy consumption.
Being smart about energy usage is simple. Just remember the acronym SMART.
S – Set the thermostat on the highest comfortable setting.
M – Move air in occupied rooms by using ceiling fans.
A – Adjust your water heater.
R – Repair “hot spots.”
T – Turn on the outdoor grill.
SHALLOTTE, N.C. — Brunswick Electric Membership Corporation (BEMC) announced the two winners of the 2010 Scholarship Highway Program, Anna Fairfax of Chadbourn and Rebecca Sidelinger of Shallotte. The BEMC Scholarship Highway Program awards two (2) scholarships of $5,000 to high school seniors, one each from Brunswick and Columbus Counties. Scholarship applicants were judged on a combination of academic achievement, participation in the community and school-related activities, SAT scores, letters of reference and submission of a 1,500 word essay on “Renewable Energy: The Realities.” Educators from Brunswick Community College and Southeastern Community College judged the competition.
Shallotte, NC – Allen Russ, CEO/General Manager of ATMC, has announced that the cooperative will be extending its hours of operation beginning March 1, 2010. In addition, ATMC will also now be open on the Friday after Thanksgiving and on Christmas Eve.
New hours will be Monday through Friday, 8AM-6PM, excluding holidays. This includes both the Shallotte and Sunset Beach locations. The Repair Department will continue with its Saturday schedule of 8AM-5PM response to trouble reports.
Wilmington, NC – Time Warner Cable digital customers can watch even more local high school sports on Demand. Time Warner Cable is now the Official Corporate Sponsor of the North Carolina Independent Schools Athletic Association (NCISAA) and the Official Television Sponsor of the NCISAA. With this new partnership, Time Warner Cable has exclusive broadcast rights to NCISAA Championship Events on Carolina On Demand, channel 1234.
Local Cape Fear Region schools which belong to NCISAA include; Cape Fear Academy – Wilmington, Harrells Christian Academy – Harrells, Waccamaw Academy – Whiteville.
NEW YORK – Time Warner Inc. (NYSE:TWX) today provided its 2010 full-year business outlook. The Company expects its 2010 full-year growth rate in Adjusted Diluted Income per Common Share from Continuing Operations (“Adjusted EPS”) to be in the mid-teens, off a 2009 Adjusted EPS base of $1.83.
Shallotte, NC – ATMC has begun accepting applications for its 2010 community grant program, Community Connections. This program addresses the needs of Brunswick County residents in a variety of areas including: emergency and disaster relief, arts and culture, civic service, and health and human services.
Shallotte, NC – Allen Russ, CEO/General Manager of ATMC, recently announced that ATMC Wireless has continued its expansion of Brunswick County’s largest 3G network with the addition of three new 3G transmission sites. The name 3G stands for third generation wireless technology, which allows ATMC Wireless customers to experience mobile broadband speeds much faster than what is available with 2G networks.
RALEIGH, N.C. – Heating systems in the Carolinas worked overtime to keep homes and businesses warm during two weeks of below-normal temperatures in early January. And higher usage means higher power bills in the coming weeks. Progress Energy will be offering a number of programs and efficiency tips to help take the sting out of high power bills and to help customers struggling financially:
Equal Payment Plan
RALEIGH, N.C. – Progress Energy (NYSE: PGN) announced today that its 2010 ongoing earnings guidance is projected to be in the range of $2.85 to $3.05. The 2010 earnings guidance reflects adjusted retail revenue expectations due to the challenging economy in the company’s service territories and the results of the decision last week in the company’s Florida rate case.
Shallotte, NC – Allen Russ, ATMC CEO/General Manager announced that the cooperative has completed a successful United Way Campaign that brought in over $25,000.
Fund-raising activities included the traditional employee giving campaign, a silent auction and a reserved parking space raffle. Local merchants were also very generous in contributing merchandise and gift certificates for the silent auction.
Shallotte, NC – ATMC will be offering $1000 scholarships this year to three deserving Brunswick County seniors. One scholarship will be awarded to a student from each of the three Brunswick County high school districts: north, south and west. Seniors in public schools, private schools and home- schooled students are encouraged to apply based on the district in which they reside.
Shallotte, NC – ATMC recently honored its staff and board of directors at the cooperative’s 33rd Annual Service Awards Banquet. Approximately 260 guests attended the event, held at the Carolina Ballroom, Sea Trail Golf Resort & Conference Center.
Allen Russ, CEO/General Manager, and Lyle Ray King, Board President, presented the awards. Malcolm Grissett was honored for 40 years of service. This is the first 40-year service award ever presented by ATMC. Mr. Grissett retired from ATMC in 1999 and then re-joined ATMC as a director in 2001.
SOUTHPORT, NC – South Brunswick High School in Southport, N.C., is one of five winning schools across the Carolinas that will receive a solar photovoltaic (PV) installation through Progress Energy’s SunSenseSM schools program. Chosen from 12 finalists, the school will receive a 2-kilowatt solar PV demonstration system, valued at more than $20,000, as part of a partnership between Progress Energy Carolinas and the Carolina Hurricanes Kids ’N Community Foundation.
RALEIGH, N.C. – Progress Energy’s (NYSE: PGN – News) board of directors today declared a dividend on the company’s common stock of 62 cents per share, payable Feb. 1, 2010, to shareholders of record as of Jan. 11, 2010.
“The company understands the importance that our shareholders place on the dividend,” said Bill Johnson, chairman, president and CEO of Progress Energy. “Our long-term goal is to achieve a dividend payout ratio of 70 to 75 percent of ongoing earnings. Given the continued near-term weakness in the national economy, maintaining our dividend at the current level will allow us to make progress toward achieving our long-term payout ratio goal while continuing to provide value for our shareholders.”
RALEIGH, NC – Thoughts of Thanksgiving often conjure up sights, smells and tastes reminiscent of a holiday meal like no other. While you’re working up a sweat in the kitchen this November, take a few simple steps to make sure the only thing that’s sizzling is your roasting turkey.
Consider these valuable, energy-saving tips:
· Shut the door: Admit it. You like to watch food cook. This Thanksgiving, resist the urge to open the oven door, as doing so will decrease the temperature inside by 25 to 30 degrees. Use your oven light instead to keep the oven hot and the kitchen comfortable.
Main Street Biz Blog: Main Street Biz has learned that Brunswick Electric has signed on as a major sponsor of the North Brunswick Chamber’s Business Showcase, which is set for Jan. 30 in Leland. Brunswick Electric joins SunTrust as a major sponsor of the event.
ilmington, NC – According to a press release from the Business Alliance for a Sound Economy (BASE), the group represented the Brunswick County Home Builders Association in working with Brunswick County over the last few months on an interim policy to provide for the deferral of the payment and collection of water and sewer capital recovery fees and transmission capital recovery fees in order to assist the building industry during the economic slowdown and stimulate the local economy. The County Commissioners at their November 2nd meeting approved a Resolution adopting the recommended policy.
Tonight’s race for Brunswick Regional Water & Sewer/H2GO Commissioner (formerly the North Brunswick Sanitary District) is a close one. Four candidates were vying for three seats.
Unofficial results with 100% of the precincts reporting:
- Carl Antos – 25.59% (1151 votes)
- Bobby Johnston – 25.39% (1142 votes)
- Jeff Gaskill – 25.23% (1135 votes)
- Bill Browning – 23.52% (1058 votes)
- Write-ins: 0.27% (12 votes)
RALEIGH, N.C. – Progress Energy (NYSE: PGN) announced third-quarter GAAP earnings of $247 million, or $0.88 per share, compared with GAAP earnings of $309 million, or $1.18 per share, for the same period last year. Current period results include a charge of $101 million, net of tax, or $0.36 per share, to discontinued operations related to a litigation verdict. Third-quarter ongoing earnings were $342 million, or $1.22 per share, compared to $306 million, or $1.17 per share, for the same period last year. The significant drivers in ongoing earnings per share were increased revenues for interim and limited base rate relief, favorable returns on nuclear and environmental investments and O&M cost management, partially offset by lower retail growth and usage and share dilution.
Third Quarter 2009