Progress Energy may trim jobs in Florida

subscribe

Progress Energy Florida, one of Tampa Bay's largest employers, is considering a "reduction in our work force," according to a memo to employees from Michael Lewis, second in command at the company.

The utility has been struggling with slowed customer growth due to the stalled housing market. The company will release more information later this summer and plans to release second-quarter results Aug. 7.

The work force reductions are limited to the Florida utility and do not impact the company's operations in North and South Carolina, at least not yet, said Mike Hughes, a Progress Energy spokesman in North Carolina.

"We've seen a slowdown in the Carolinas, but not to the extent we've seen in Florida," Hughes said.

The St. Petersburg utility employs 4,300 workers in Florida.

No information was released on the number of workers likely to be affected.

Related News

UK electricity and gas networks making ‘unjustified’ profits

LONDON - Companies that run Britain’s electricity and gas networks, including National Grid, are making “eye-watering” profits at the expense of households, according to a well-known consumer group.

Citizens Advice believes £7.5bn in “unjustified” profits should be returned to consumers who pay for network costs via their electricity and gas bills, although its figures have been contested by the energy industry and regulator.

Ownership of electricity and gas networks came under the spotlight in the run-up to June’s general election, after the Labour party said in its manifesto it would bring both national and regional grid infrastructure to back into public ownership over time.

Electricity sector privatisation began in 1990…

READ MORE
clean grid laboratories

From smart meters to big batteries, co-ops emerge as clean grid laboratories

READ MORE

canada-ambitious-electric-vehicle-goals

Canada's Ambitious Electric Vehicle Goals

READ MORE

ontario legislature

Ontario Government Consults On Changes To Industrial Electricity Pricing And Programs

READ MORE

biden-imposes-higher-tariffs

Biden Imposes Higher Tariffs on Chinese Electric Cars and Solar Cells

READ MORE