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Progress Energy Overview

Progress Energy, headquartered in Raleigh, North Carolina, is a subsidiary of Duke Energy and prior to its merger with Duke Energy was a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues.
The staff at Progress Energy come from unusually diverse demographic backgrounds. The company is 35.8% female and 38.5% ethnic minorities. Progress Energy employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 60.0% of employees identifying as members of the Republican Party. Despite their political differences, employees at Progress Energy seem to be happy. The company has great employee retention with staff members usually staying for 4.2 years.
Based in Raleigh, NC, Progress Energy is an industry leader with 11,000 employees and an annual revenue of $22.7B.

The Organization’s Mission

The power quality effort includes industry leaders. We offer a complete family of power quality services. We go beyond the energy meter to find power quality solutions. We can help prevent future problems. We have the equipment and expertise to analyze power quality problems outside and inside customer facilities.

Perks of Working at Progress Energy

The company has a caring management that treats each employee like a family. It also provides employees with great benefits and paid time off.

Industry

Electric utility

Revenue

$22.7B

Employees

11,000

Founded in

1925

Headquarters

Raleigh, NC

Website

www.progress-energy.com

Organization Type

Public

Is This Your Company?

The Team At Progress Energy

Key People
  • Lynn Good (ceo)
The Inside Scoop
Duke Energy is one of the largest electric power holding companies in the US providing electricity to 7. 6 million retail customers in six states. The company has approximately 49,500 megawatts of electric generating capacity in the Midwest, the Carolinas, and Florida. It also offers natural gas distribution services to over 1. 6 million customers in Kentucky, Ohio, Tennessee, and the Carolinas. The firm also owns and operates diverse power generation assets in North America.
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Progress Energy Reviews

Zippia Official Logo

5.0

Zippia UserApril 2020

5.0

Zippia Official LogoZippia UserApril 2020

What Do You Like About Working There?

They thought me how to do stuff Show More

What DON'T You Like About Working There?

I liked everything Show More

What Are Your Favorite Benefits/Perks?

Paid time off, 401k, have a van Show More
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Progress Energy Rankings

Progress Energy is ranked #57 on the Best Companies to Work For in North Carolina list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Progress Energy Careers

On average, employees at Progress Energy stay with the company for 4.2 years. Employees most commonly join Progress Energy after leaving United States Navy. When they leave Progress Energy, they most frequently get their next job at Duke Energy.

Average Length of Employment

Duke Energy
4.5 years
PSEG
4.2 years

Top Employers Before Progress Energy

IBM
10.7 %

Top Employers After Progress Energy

IBM
4.4 %

Progress Energy Employee Demographics

9.8
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Progress Energy Employees Education

Of the 11,000 employees at Progress Energy, 16.1% attended North Carolina State University. Employees at Progress Energy most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Progress Energy Employee Political Affiliation

Progress Energy employees are most likely to be members of the Republican Party. The largest donation made to a political party by a Progress Energy employee was by Lloyd Yates. Lloyd Yates donated $6,000 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Lloyd YatesChief Executive Officer
Lloyd Yates
Chief Executive Officer
Chief Executive Officer
Democratic Party
Democratic Party
$6,000Democratic Party
$6,000
Jeanelle McCainDirector
Jeanelle McCain
Director
Director
Republican Party
Republican Party
$3,500Republican Party
$3,500
William JohnsonChief Executive Officer
William Johnson
Chief Executive Officer
Chief Executive Officer
Republican Party
Republican Party
$2,621Republican Party
$2,621
Robert McCallExecutive
Robert McCall
Executive
Executive
Democratic Party
Democratic Party
$2,500Democratic Party
$2,500
Vincent DolanUtilities
Vincent Dolan
Utilities
Utilities
Republican Party
Republican Party
$2,400Republican Party
$2,400
John FarnellElectrician
John Farnell
Electrician
Electrician
Democratic Party
Democratic Party
$2,400Democratic Party
$2,400
Leslie SaiontzFounder
Leslie Saiontz
Founder
Founder
Democratic Party
Democratic Party
$2,400Democratic Party
$2,400
Jeffrey LyashChief Executive Officer
Jeffrey Lyash
Chief Executive Officer
Chief Executive Officer
Other
Other
$2,400Other
$2,400
David BerensEngineer
David Berens
Engineer
Engineer
Republican Party
Republican Party
$2,250Republican Party
$2,250
Peter RummellExecutive
Peter Rummell
Executive
Executive
Republican Party
Republican Party
$2,000Republican Party
$2,000
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Progress Energy Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1925

Organization type

Public

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Progress Energy Competitors

Companydesc
Average Salarydesc
Boardwalk Pipeline Partners
Salary Range66k - 110k$86k$85,971

ERT

Salary Range65k - 107k$84k$83,846
SGT
Salary Range63k - 103k$81k$80,586
Pacific Gas and Electric Company
Salary Range60k - 104k$80k$79,757
Election Systems & Software
Salary Range64k - 93k$78k$77,783
Portland General Electric
Salary Range59k - 96k$76k$75,655
Arizona Public Service
Salary Range57k - 94k$74k$73,703
Technical Services
Salary Range53k - 101k$74k$73,633

Northern States Power Company

Salary Range58k - 90k$73k$72,902
Cubic
Salary Range57k - 89k$72k$71,665
$37k
$110k

Frequently Asked Questions about Progress Energy

When was Progress Energy founded?

Progress Energy was founded in 1925.

How many Employees does Progress Energy have?

Progress Energy has 11,000 employees.

How much money does Progress Energy make?

Progress Energy generates $22.7B in revenue.

What industry is Progress Energy in?

Progress Energy is in the electric utility industry.

What is Progress Energy's mission?

Progress Energy's mission statement is "The power quality effort includes industry leaders. We offer a complete family of power quality services. We go beyond the energy meter to find power quality solutions. We can help prevent future problems. We have the equipment and expertise to analyze power quality problems outside and inside customer facilities."

What type of company is Progress Energy?

Progress Energy is a public company.

Who are Progress Energy's competitors?

Progress Energy competitors include Duke Energy, PSEG, Pacific Gas and Electric Company, FirstEnergy, National Grid plc, CenterPoint Energy, Arizona Public Service, Technical Services, Portland General Electric, Salt River Project, ERT, Northern States Power Company, American Electric Power, Creative Labs, CAS, Election Systems & Software, Boardwalk Pipeline Partners, SGT, Cubic, San Diego Gas & Electric.

Who works at Progress Energy?

Lynn Good (ceo)

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Progress Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Progress Energy. The employee data is based on information from people who have self-reported their past or current employments at Progress Energy. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Progress Energy and its employees or that of Zippia.

Progress Energy may also be known as or be related to PROGRESS ENERGY INC, Progress Energy, Progress Energy Inc, Progress Energy Inc. and Progress Energy, Inc.