November 6, 2008

Progress Energy to Webcast CEO Presentation at EEI Financial Conference Nov. 11

RALEIGH, N.C., Nov. 6 /PRNewswire-FirstCall/ -- Progress Energy Chairman, President and Chief Executive Officer Bill Johnson will make a presentation to investors Tuesday, Nov. 11, at the 43rd Annual Edison Electric Institute Financial Conference in Phoenix, Arizona. His presentation will begin at approximately 11:45 a.m. EST (9:45 a.m. MST).

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A webcast of the live presentation and slide materials will be available at The webcast will be available in Windows Media format, and will be archived on the company's Web site for those unable to listen in real time.

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 for Progress Energy, +1-919-546-6189,or toll-free, +1-877-641-NEWS (6397)

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