Florida Progress - Ownership and Business Overview

UtilitiesCompany

Florida Progress Ownership

Who owns Florida Progress?

Florida Progress is owned by Progress Energy. It was acquired on August 23, 1999.

Florida Progress Business Overview

Where is Florida Progress headquartered?

Florida Progress is headquartered in Raleigh, North Carolina.

What sector is Florida Progress in?

Florida Progress is an utilities company.

Utilities M&A Summary in 1999

Out of 60 sectors in the Mergr database, utilities ranked 53 in number of deals in 1999. The largest utilities acquisition in 1999 was Florida Progress - which was acquired by Progress Energy for $5.3B.

Join Mergr to view all 2 acquisitions of utilities companies in 1999, including 2 by strategics.

Florida Progress Corporation

410 South Wilmington Street,
Raleigh, North Carolina 27601
United States,

Florida Progress is a diversified utility holding company. Its principal subsidiary is Florida Power, an electric utility serving 1.3 million customers in Florida. Diversified operations include rail services, marine operations and coal mining.


Company Summary

SECTOR

Utilities

Former Name

St. Petersburg Electric Light and Power Company

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