William Cavanaugh III
Candlefocus EditorDuring his time as CEO, Cavanaugh opposed deregulation of the energy industry. He believed that this kind of reform would fail to provide a better future for both energy companies and customers. His opinion was based on the idea that deregulation would not successfully balance making companies more profitable and providing customers with superior services.
Cavanaugh’s expertise as a leader in the energy industry led to him receiving several certifications ant the completion of 2-years of studies at Tulane University. His years of experience eventually led him to retire from Progress Energy in 2004.
Since his retirement, Cavanaugh has continued to maintain a career in the energy industry. He has held various positions at the World Association of Nuclear Operators, with his most recent being a Board of Directors Member. He has also worked in the energy industry with Gaelectric, an organization focused on adapting green energy technology solutions.
Overall, William Cavanaugh III has had a long and successful career in the energy industry. His dedication to the field and its people has been the cornerstone of his legacy. His opinion of deregulation no longer aligns with what is currently taking place in the industry, but his impact on the industry has been tremendous. He is an example of a leader who truly sought to make energy companies both reliable and cost-efficient for customers. Thanks to his career, the energy industry can look back and celebrate the accomplishments of an individual whose work and legacy left a lasting mark.