William Cavanaugh III

DEFINITION of 'William Cavanaugh III'

Chairman of the World Association of Nuclear Operators (a nuclear power plant safety organization) since 2004 and a former CEO of System Energy Resources, Carolina Power and Light Company, and Progress Energy. Cavanaugh formed Progress Energy, a Fortune 500 energy company, though a merger between Carolina Power and Light and Florida Progress Corporation in 2000. His conservative management strategy helped the company survive deregulation and the Enron scandal of 2001.

BREAKING DOWN 'William Cavanaugh III'

Cavanaugh III was born in New Orleans in 1939. After earning his bachelor of science degree from Tulane University, he began his career with the U.S. Navy in 1961, where he became lieutenant commander of the navy's nuclear program before moving into the private sector in 1969 with Entergy Corporation.



RELATED TERMS
  1. Nuclear Hazards Clause

    Property insurance policy language that excludes from coverage ...
  2. Alternative Energy ETF

    An exchange-traded fund that invests in companies engaged in ...
  3. Energy Institute - EI

    An organization based in London, England, that was formed as ...
  4. Wholesale Energy

    A term referring to the purchase and sale of energy products ...
  5. Technical Progress Function

    An economic relation which seeks to explain changes in the level ...
  6. Energy Sector

    A category of stocks that relate to producing or supplying energy. ...
Related Articles
  1. Markets

    The Economic Reasons Behind Nuclear Power

    Despite the risks, investments in nuclear energy can pay off in the form of energy independence.
  2. Managing Wealth

    The Top 5 Utility Stocks for 2016 (AES, NRG)

    Discover top five utilities companies that have attractive dividend yields and strong business prospects, despite the interest rate hike in the United States.
  3. ETFs & Mutual Funds

    Big Buys In Renewable Energy

    As oil prices have fallen, so has the alternative energy sector. For investors with a long-term focus, the time could be right to add the sector to an energy portfolio.
  4. Investing

    The Inner Workings of a Big Regional Utility (DUK)

    Duke Energy is one of the quietest large companies in America. Few people outside of the Southeastern U.S. know about this highly profitable utility.
  5. Markets

    The Industry Handbook: The Utilties Industry

    You've probably noticed that the utilities industry is not quite what it used to be. Once considered the quintessential safe widow-and-orphan stocks, electricity companies are undergoing ...
  6. Markets

    China Vs. The U.S.: A Race To The Top

    Wherever China does not have the lead already, it has embarked on virtually unprecedented efforts to get there.
  7. Personal Finance

    Ways To Slash Your Home Energy Bill

    Upgrading household appliances to more energy-efficient models can slash your utilities bill.
  8. Markets

    4 Things to Know About the Future of US Energy

    The fracking revolution has underpinned the U.S. energy industry in recent years, with positive trends likely to continue into the next decade.
  9. Markets

    The Debt Report: The Energy Sector

    Discover how the energy sector bit off more debt than it could chew, and learn why the energy bond contagion has market analysts worried about the economy.
  10. ETFs & Mutual Funds

    Top 2 Vanguard Energy ETFs and Mutual Funds (VDE)

    Read detailed analyses of an energy exchange-traded fund (ETF) and an energy mutual fund issued by Vanguard, and learn about their characteristics and historical statistics.
RELATED FAQS
  1. If my home runs power off the grid, what is the specific environmental impact?

    Going off the grid, or using solar energy, can result in much more than saving the homeowner money. It can help the planet ... Read Answer >>
  2. How much of the United States' energy comes from oil and gas?

    Examine the energy sources for the United States, and learn how much of the total U.S. energy supply comes from the oil and ... Read Answer >>
  3. What kind of companies in the utilities sector offer the most stable dividends for ...

    Discover three of the most solid companies operating in the utilities sector that offer the most stable dividends to investors ... Read Answer >>
  4. How is work in progress (WIP) typically measured in accounting?

    Understand what work in progress is and why a company would have this on its financials. Learn how work in progress is typically ... Read Answer >>
  5. How can I make my home run on energy that is 100% off the grid?

    Taking a home 100% off the grid requires paying attention to all sources of energy in the home. These sources include more ... Read Answer >>
  6. What factors are the primary drivers of share prices in the oil and gas sector?

    Learn the primary drivers behind changes in the share prices of the oil and gas sector. The oil and gas sector is a cyclical ... Read Answer >>
Hot Definitions
  1. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  2. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  3. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  4. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  5. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
  6. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is ...
Trading Center