Everyone at Progress Energy is focused on meeting the needs of our customers to provide them with reliable power today and in the future. Our corporate giving reflects the same dedication and pursuit of excellence.
More Quotes from Bob McGehee:
Even with more conservation and energy-efficiency programs, energy use will continue to grow as more people move to this region. To meet that growing demand for electricity, we'll need to add significant new power generation.Bob McGehee
In 2006, we remain focused on improving our core business and planning for the future. Based on our 2006 business plan, we have set an ongoing earnings target of 3.15 to 3.35 per share. Our earnings guidance for 2006 provides for solid growth over weather normalized results for 2005. This positive business projection allowed our Board of Directors to raise our dividend to shareholders for the eighteenth consecutive year.
Bob McGehee
Successfully resolving the placed-in-service issue has been a top priority for the company, so we are very pleased by the outcome. This positive ruling removes a major uncertainty for the company and will allow our management team to focus on strategic uses of the cash benefits provided by the synthetic fuel tax credits.
Bob McGehee
Progress Energy has long been recognized as a leader in the areas of corporate governance, transparency, board independence and accountability. We believe these proposals are consistent with those same high standards.
Bob McGehee
Selecting a site for possible nuclear generation expansion, first in North Carolina and later in Florida, is part of our planning process to ensure we have the energy our customers need in the future.
Bob McGehee
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