She worked for Progress Energy:
Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 22,000 megawatts of generation capacity and approximately $10 billion in annual revenues. Progress Energy includes two major electric utilities that serve about 3.1 million customers in the Carolinas and Florida. The company has earned the Edison Electric Institute’s Edison Award, the industry’s highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder’s Award for customer service. The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. Progress Energy celebrated a century of service in 2008. Visit the company’s website at www.progress-energy.com.
This was just announced:
Duke Energy and Progress Energy to Merge
- $26 Billion Transaction Will Create Nation’s Largest Utility with a Combined Enterprise Value of $65 Billion
- Diversified Generation Portfolio in Six Regulated Service Territories
- Transaction Expected to be Accretive to Adjusted Diluted Earnings in First Year
CHARLOTTE, N.C. and RALEIGH, N.C., Jan. 10, 2011 /PRNewswire via COMTEX/ — 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
* Approximately 57 gigawatts of domestic generating capacity from a diversified mix of coal, nuclear, natural gas, oil and renewable resources
* The largest regulated nuclear fleet in the country.
“Our industry is entering a building phase where we must invest in an array of new technologies to reduce our environmental footprints and become more efficient,” said Jim Rogers, chairman, president and chief executive officer of Duke Energy. “By merging our companies, we can do that more economically for our customers, improve shareholder value and continue to grow.
“Combining Duke Energy and Progress Energy creates a utility with greater financial strength and enhanced ability to meet our challenges head-on,” Rogers continued.
“This combination of two outstanding companies is a natural fit,” said Bill Johnson, chairman, president and chief executive officer of Progress Energy. “It makes clear strategic sense and creates exceptional value for our shareholders. Together, we can leverage our best practices to achieve even higher levels of safety, operational excellence and customer satisfaction, and save money for customers by combining our fuel purchasing power and the dispatch of our generating plants.
“This merger also provides predictable earnings and cash flows to support our dividend payments to shareholders,” Johnson added.
“NEW YORK (TheStreet) — Duke Energy(DUK) agreed to acquire Progress Energy(PGN) on Monday in a $13.7 billion all-stock deal, which would create the largest U.S. utility company if regulators in North and South Carolina approve the deal.” I beleive I read she was a regulator with Progress
Energy if so would she have any say in this and supopsedly she was leaving at 5am to catch a plane where was she going?