Carolina Power & Light (CP&L), later doing business as Progress Energy Inc., was an electrical generation, transmission, and distribution utility based in

Raleigh, North Carolina Raleigh (; ) is the capital city of the state of North Carolina and the seat of Wake County in the United States. It is the second-most populous city in North Carolina, after Charlotte. Raleigh is the tenth-most populous city in the Southe ...

. The company was founded on July 13, 1908 as the result of the merger and buyout of numerous small, private, and financial distressed utilities across the state. Known locally as "CP&L" the company's main operations were in Eastern North Carolina and in parts of northeastern South Carolina and in the

Asheville Asheville ( ) is a city in, and the county seat of, Buncombe County, North Carolina. Located at the confluence of the French Broad and Swannanoa rivers, it is the largest city in Western North Carolina, and the state's 11th-most populous ci ...

area of western North Carolina. The company merged with

Florida Progress Corporation Duke Energy Florida, formerly Florida Power, was the generation, transmission, and distribution sector of Florida Progress Corporation. The company distributed power over much of central and north Florida. Their service area covers approximately ...

in 2000 to become Progress Energy Inc.

History

In 1908, Raleigh Electric, Central Carolina Power and Consumer Light & Power merged to form

Carolina Power & Light Carolina Power & Light (CP&L), later doing business as Progress Energy Inc., was an electrical generation, transmission, and distribution utility based in Raleigh, North Carolina. The company was founded on July 13, 1908 as the result of the merge ...

. In 1952, CP&L added southeastern North Carolina to its service territory with the acquisition of Tide Water Power, following the death of Hugh MacRae. In 1987, CP&L placed the Shearon Harris Nuclear Power Plant into service. In 2002, subsequent to the 2000 acquisition of

, CP&L began doing business as Progress Energy, Inc. It then distinguished its operations as Progress Energy Carolinas and Progress Energy Florida. In 2011, Duke Energy acquired Progress Energy. CP&L was renamed Duke Energy Progress.

References

{{DEFAULTSORT:Carolina Power and Light Electric power companies of the United States Companies based in North Carolina