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Press Release

06/14/2012

Progress Energy Florida observes solar PV milestone

SunSense incentive program enrolls more than 150 residential and commercial customers

ST. PETERSBURG, Fla. (June 14, 2012) - Florida is called the Sunshine State, and Progress Energy is helping to make that nickname pay off for its' customers. More than 150 customers in Florida are now producing power from rooftop solar photovoltaic (PV) panels thanks to Progress Energy Florida's innovative SunSense solar energy program.

"The SunSense program is a key component of our cost-effective strategy to assist those customers interested in investing in solar technology," said Vincent Dolan, president and CEO of Progress Energy Florida. "We are building on this milestone and are encouraged by the continued customer interest in our energy-efficiency and alternative-energy programs."

Through the SunSense Solar PV program, Progress Energy Florida provides qualifying residential and commercial customers rebates of up to $2 per watt for customer-installed solar PV systems. Customers interested in applying for rebates toward 2013 solar PV installations can complete the online reservation process starting in October, 2012. The utility's residential and commercial customer classes are each allocated up to $1 million in solar PV incentives on an annual basis through 2014.

To date, Progress Energy has completed 157 commercial and residential solar PV rebates since the SunSense programs' inception in March 2011. Additionally, Progress Energy has installed solar PV systems at 28 schools including a 100 kW system at the University of Central Florida, provided more than 4,000 solar water heating rebates and 30 solar water heating systems for low-income families. Including the SunSense program and every PV system installed by PEF, the company has interconnected 8.1 megawatts (MW) of solar PV systems since 2001. The combined 8.1 MW solar arrays are expected to annually generate enough electricity to power 1,000 homes for a year. Commercial customers account for approximately 4.4 MW and residential customers account for approximately 3.7 MW.

"Progress Energy is committed to offering our customers programs that help reduce their personal environmental impact," added Dolan. "Through these innovative programs, we are advancing the development and deployment of renewable energy technology."

For more information about Progress Energy's SunSense program, visit progress-energy.com/sunsense. Alternative energy technologies, such as those included in the SunSense program - combined with energy efficiency and state-of-the-art plants - collectively form the balanced solution strategy Progress Energy believes is necessary to best meet its customers' short-and long-term energy needs.

Progress Energy is an industry leader in the development and implementation of programs to help customers save energy and money. Through the company's energy-efficiency programs, Progress Energy Florida's customers have collectively saved more than $1 billion in energy costs since 1981, reducing the need for enough electricity to power more than 900,000 homes for a year. In all, Progress Energy Florida currently offers its customers 14 programs and more than 100 energy-efficiency upgrades to reduce their energy bills and carbon footprints.

Progress Energy Florida, a subsidiary of Progress Energy (NYSE: PGN), provides electricity and related services to more than 1.6 million customers in Florida. The company is headquartered in St. Petersburg, Fla., and serves a territory encompassing more than 20,000 square miles including the cities of St. Petersburg and Clearwater, as well as the Central Florida area surrounding Orlando. Progress Energy Florida is pursuing a balanced approach to meet 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 http://www.progress-energy.com/.

Media contact: Progress Energy Florida 24-hour media line (866) 520-6397

Follow Progress Energy Florida on Twitter: http://www.twitter.com/ProgEnergyFL

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