why was william cavanaugh iii against energy industry deregulation 
william cavanaugh iii was skeptical about deregulation due to the potential for misuse and the lack as he saw it of benefits for energy customers this gave him a reputation as a solid leader within the industry the bottom linethe average person may not know of william cavanaugh iii but those in the energy sector may be familiar with him cavanaugh worked in the public energy sector for decades heading up carolina power light company which later became progress energy he was one of the key voices against the deregulation of the energy sector at a time when others were trading and sharing energy and expanding he bucked the trend and continued to manage the profitability of progress by tending to the company s primary business 