Of the normal combined complement of 113 employees at these two power plants, 79 have been placed in other positions in the company, 27 are retiring through the company's voluntary severance program associated with Progress Energy's merger with Duke Energy, and seven left the company prior to the merger.In addition to Cape Fear and Robinson Unit 1, Progress Energy Carolinas retired its coal-fired W.H. Weatherspoon power plant near Lumberton, N.C., in 2011, and the H.F. Lee power plant near Goldsboro, N.C., in September. Progress Energy Carolinas will close another coal-fired power plant, the L.V. Sutton Plant near Wilmington, N.C., in late 2013.
Progress Energy Carolinas To Retire Two Coal-fired Power Plants Oct. 1
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts