Abstract
AbstractElectricity (MIC: SIC: 4911 NAIC: 221121)Progress Energy is a utility holding company. Co.'s wholly owned regulated subsidiaries, Carolina Power & Light Company, and Florida Power Corporation, each a business segment, are primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina, South Carolina and Florida. As of Dec 31 2007, Co. had more than 21,000 megawatts of regulated electric generation capacity, and served approximately 3.1 million retail electric customers as well as other load‐serving entities. Co.'s Corporate and Other segment primarily includes both the operations of Co. and its Progress Energy Service Company, LLC subsidiary.
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