Progress Energy, Inc., a utility holding company, engages in the generation, transmission, distribution, and sale of electricity in portions of North Carolina and South Carolina and in portions of Florida. The company has approximately 22,000 megawatts (MW) of regulated electric generation capacity and serves approximately 3.1 million retail electric customers, as well as other load-serving entities. Segments The company's segments are Carolina Power & Light Company (PEC) and Florida Power Corporation (PEF). PEC PEC is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North and South Carolina.