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Ethics Program

2012 Corporate Responsibility Report

Acting with integrity is one of our core values at all levels of our company. Our company’s rigorous corporate Ethics Program promotes and enforces compliance with all laws, regulations and company policies, from business practices to the workplace behaviors of individual employees. Ethics and corporate integrity are cornerstones of how we conduct our business.

Progress Energy’s Ethics Program is managed by our Audit Services department. The company’s Code of Ethics identifies principles and standards of conduct that all employees, contractors and members of the board of directors are expected to follow. It defines the behaviors essential to our success and is crucial to establishing and maintaining an ethical culture.

The Employee Chapter of this report contains more information about our Ethics Program, including our 24-hour telephone line, Corporate Ethics Committee and 2011 performance.