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Progress Energy Florida's earnings up
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Published: May 6, 2009
Progress Energy Florida reported a net decrease of 8,000 in the average number of customers from January through March compared with the year-ago period but posted first-quarter earnings per share today of 33 cents, compared with 26 cents in 2008.
Parent company Progress Energy Inc. of Raleigh, N.C., said it would complete the repowering of its Bartow Plant from oil to natural gas in June and continue environmental and efficiency upgrades at its Crystal River Plant.
The comments accompanied first-quarter earnings reports in which Progress Energy Inc. says it is on track for 2009 earnings of $2.95 to $3.15 a share.
The parent company said it had an 18,000 net increase in the average number of customers for the first quarter compared with 2008.
Progress Energy Inc. reported ongoing first-quarter earnings of $182 million, or 66 cents a share, compared with $148 million, or 56 cents a share, a year ago.
Reporter Ted Jackovics can be reached at (813) 259-7817.
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