Progress Energy may trim jobs in Florida
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 price cap on household energy bills expected to cost 89bn
LONDON - Liz Truss’s intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing of the policy by the sector’s leading consultancy.
The analysis from Cornwall Insight, seen exclusively by the Guardian, shows the prime minister’s plan to tackle the cost of living crisis could cost as much as £140bn in a worst-case scenario.
Truss announced in early September that the average annual bill for a typical household would be capped at £2,500 to protect consumers from the intensifying cost of living crisis and a scheduled 80% rise in…
