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Progress Energy Announces Leadership Changes in Carolinas and Florida Utilities

Posted on: Friday, 14 December 2007, 12:00 CST

RALEIGH, N.C., and ST. PETERSBURG, Fla., Dec. 14 /PRNewswire-FirstCall/ -- Progress Energy announces leadership changes affecting its utilities in the Carolinas and Florida.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020923/CHM008LOGO-c ) * Jeff Corbett, 48, currently based in St. Petersburg as senior vice president of Energy Delivery for Progress Energy Florida, will return to the Carolinas in that same role, reporting to Lloyd Yates, president and CEO of Progress Energy Carolinas. * Michael Lewis, 45, currently vice president of Distribution for Progress Energy Florida, has been promoted to senior vice president of Energy Delivery for PEF, replacing Corbett. He will report to Jeff Lyash, president and CEO of PEF. He will be based in St. Petersburg. The changes take effect Jan. 2.

Corbett has worked for the company since 1999 after nearly two decades at Virginia Power. Before assuming his current position in May 2006, he served as vice president of Distribution for PEC, and as vice president of PEC's Eastern Region in Wilmington, N.C. He earned a bachelor's degree in electrical engineering from the University of North Carolina at Charlotte.

"Jeff brings a wealth of experience in operations and customer service from his prior roles in the Carolinas," Yates said. "And his Florida experience has broadened his knowledge in the area of energy efficiency and demand-side management, which is a critical part of our balanced solution for meeting energy needs in the Carolinas. His expertise and leadership will help enhance our already outstanding performance."

Lewis has worked for the company for 22 years. Before assuming his current position in 2004, he served as vice president of the Coastal Region in Florida. He has been in management roles of increasing responsibility since 1989 in Ocala, Crystal River and Pasco and Pinellas counties. Lewis earned a bachelor's degree in electrical engineering from the University of Florida and a master's degree in business administration from Nova University.

"We are fortunate to have Michael's outstanding leadership, talent and experience to help build on our track record of performance in Florida," Lyash said. "As we continue to make critical investments in our utilities, and as our customers' expectations increase every year, we must maintain our focus on strong operational performance every day. These changes will help ensure that we are well-positioned to do so."

Progress Energy, headquartered in Raleigh, N.C., is a Fortune 250 energy company with more than 21,000 megawatts of generation capacity and $10 billion in annual revenues. The company includes two major utilities that serve more than 3.1 million customers in the Carolinas and Florida. Progress Energy is the 2006 recipient of the Edison Electric Institute's Edison Award, the industry's highest honor, in recognition of its operational excellence. The company also is the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service. Progress Energy serves two fast-growing areas of the country, and the company is pursuing a balanced approach to meeting the future energy needs of the region. That balance includes increased energy efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. For more information about Progress Energy, visit the company's Web site at http://www.progress-energy.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020923/CHM008LOGO-cAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com

Progress Energy

CONTACT: Media: Progress Energy Florida 24-hour media line,+1-866-520-6397, Progress Energy Carolinas 24-hour media line,+1-877-641-6397

Web site: http://www.progress-energy.com/

Source: PRNewswire-FirstCall

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