Progress Energy

www.progress-energy.com

Description

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. The company has earned the Edison Electric Institute's Edison Award, the industry's highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service. The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system.  Progress Energy celebrated a century of service in 2008. Visit the company's Web site at www.progress-energy.com.

Progress Energy invests in a wide variety of local organizations and initiatives to add to the overall quality of life in the area it serves. Grants focus on education, the environment, economic development and employee involvement. During 2008, Progress Energy invested more than $11 million in the communities it serves.

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