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Website: http://www.progress-energy.com Progress Energy is a diversified energy company with more than 21,000 megawatts of generation capacity and approximately $10 billion in annual revenues. The company includes two major utilities that serve more than 3.1 million customers in the Carolinas and Florida. Progress Energy is the 2006 recipient of the Edison Electric Institute's Edison Award, the industry's highest honor, in recognition of its operational excellence. Â The company also is the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service. Progress Energy serves two fast-growing areas of the country, and the company is pursuing a balanced approach to meeting the future energy needs of the region. That balance includes increased energy efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. History Like most power companies, it all began with ice. In the early 1890s, the St. Petersburg Ice Company was delivering its product to customers for food preservation. In 1896, the company offered to provide electricity from its generator to power 30 downtown streetlights during the nighttime hours. Then, in 1899, the company became the St. Petersburg Electric Light & Power Company, providing electricity to the city through the company's first "franchise." St. Petersburg Electric Light & Power later became Florida Power and, over the next century, the company grew into the second-largest provider of electricity in Florida. Today, after merging into the Progress Energy family of companies, Florida Power has been renamed Progress Energy Florida, serving more than 1.5 million customers in 35 counties. Progress was formerly known as CP&L (Carolina Power & Light) and changed its name in 2000 following the merger with Florida Progress. Progress Energy stock began trading on the NYSE in 2000. Benefits - Choice of medical plans Updated February 7, 2008 |