September 9, 2008

Progress Energy Employees Complete 182 Community Projects During Summer of Service to Commemorate Company’s 100th Anniversary

RALEIGH, N.C., Sept. 9 /PRNewswire-FirstCall/ -- Progress Energy employees nearly doubled the company's goal by completing 182 community service projects in the Carolinas and Florida over the summer, as part of Progress Energy's 100th anniversary celebration.

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All told, employees in the Carolinas and Florida volunteered nearly 10,000 hours serving local communities during the 100-day initiative.

"The success of our company has always been closely tied to the growth and vitality of our service area," said Bill Johnson, chairman, president and CEO of Progress Energy. "This ambitious community outreach initiative was proposed by our own employees as an appropriate way to demonstrate our thanks and our continuing commitment to the communities we are privileged to serve. The goal was to perform 100 community service projects during 100 days of summer. Our employees once again went above and beyond in surpassing this goal."

Progress Energy launched its Summer of Service June 1, with Progress Energy's leadership team, employees and their families working together to pack more than 40,000 meals for Stop Hunger Now, a Raleigh-based organization. By the company's official 100th anniversary July 13, Progress Energy employees had completed or planned more than the initial goal of 100 projects, and Johnson challenged the company's employees to achieve a stretch goal of 150 community service projects. Employees completed community-service projects in North Carolina, South Carolina and Florida and in all regions where the company operates.

Projects included, for example, employees helping build houses for Habitat for Humanity, conducting food drives for local food banks, painting bathrooms and hallways at a local youth center, delivering Meals on Wheels, building a wheelchair ramp for an individual in need and helping tutor students through Communities In Schools.

"Our Summer of Service initiative was a special way to demonstrate our employees' commitment to the local communities throughout our service area," Johnson said. "As we begin our second century of service, we remain committed to being a reliable source of energy -- not only electricity for our customers' homes and businesses, but also the kind of energy that helps build and sustain our communities."

Progress Energy, headquartered in Raleigh, N.C., is a Fortune 250 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. The company is observing its 100th anniversary in 2008. Progress Energy includes two major utilities that serve 3.1 million customers in the Carolinas and Florida. The company 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 growing areas of the country, and the company is pursuing a balanced strategy for a secure energy future. That balance includes aggressive 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 .

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Progress Energy

CONTACT: Corporate Communications of Progress Energy, +1-919-546-6189 ortoll-free +1-877-641-NEWS (6397)

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