NYSE, PGN - Paragon Offshore Plc Ordinary S
Progress Energy, Inc., headquartered in Raleigh, N.C., with its regulated and
nonregulated subsidiaries, is an integrated electric utility, primarily engaged
in the regulated utility business. In this report, Progress Energy (which
includes Progress Energy, Inc.?s holding company operations (the Parent) and its
subsidiaries on a consolidated basis), is at times referred to as ?we,? ?our? or
?us.? When discussing Progress Energy?s financial information, it necessarily
includes the results of PEC and PEF (collectively, the Utilities). The term
?Progress Registrants? refers to each of the three separate registrants:
Progress Energy, PEC and PEF. However, neither of the Utilities makes any
representation as to information related solely to Progress Energy or the
subsidiaries of Progress Energy other than itself.
The Parent was incorporated on August 19, 1999 initially as CP&L Energy, Inc.
and became the holding company for PEC on June 19, 2000. ...
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