"Electric utility Progress Energy Inc. (PGN - Analyst Report) announced robust first quarter 2010 results on May 5, 2010. Earnings were driven by favorable weather conditions and business from its repowered Bartow Plant, partially offset by increased expenses and taxes. Based on steady progress on its strategic plans, the company reiterated its ongoing earnings guidance for 2010 of $2.85 to $3.05 per share."
SC Utility News Digest - a Service of the Terreni Law Firm, LLC
Thursday, May 20, 2010
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