Carolina Power & Light (CP&L), later doing business as Progress Energy Inc., was an electrical generation, transmission, and distribution utility based in Raleigh, North Carolina.
The company was founded on July 13, 1908 as the result of the merger and buyout of numerous small, private, and financial distressed utilities across the state.
In 1952, CP&L added southeastern North Carolina to its service territory with the acquisition of Tide Water Power, following the death of Hugh MacRae.
In 1987, CP&L placed the Shearon Harris Nuclear Power Plant into service.
CP&L was renamed Duke Energy Progress.