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Incoming Chief of Progress Energy Tells Analysts Not to Expect Big Changes.

The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News

Feb. 27--Progress Energy's incoming chief executive didn't waste any time reassuring analysts that he's not planning any big changes at the only Fortune 500 company with headquarters in the Triangle.

Robert McGehee, who officially becomes chief executive Monday, told analysts at the company's annual retreat in Florida on Thursday that he plans to continue the company's conservative strategy of relying on its core business, selling electricity at regulated prices in the Carolinas and

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