Former U.S. Sen. Melquiades "Mel" Martinez of Florida has been elected to the board of directors for Progress Energy (NYSE:PGN), the company announced (see also Progress Energy).
Martinez, 63, was the first Cuban-American to serve in the U.S. Senate, from 2005 to 2009. While in the Senate, he was a member of several influential committees, including Energy and Natural Resources and Commerce. Previously, he served as secretary of the U.S. Department of Housing and Urban Development and was instrumental in the rebuilding efforts in New York City after the terrorist attacks of Sept. 11, 2001. ...
Progress Energy (NYSE:PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 22,000 megawatts of generation capacity and $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida. ...
Comment: Ever wonder why cap and trade is so popular with the energy sector...and of course the US Senate? Follow the money folks...
On another note, I would never have known about this press release if it wasn't for the Internet. We need to keep speech free!
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