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Press Release

05/01/2012

Progress Energy board of directors declares dividend

RALEIGH, N.C. (May 1, 2012) – Progress Energy’s board of directors has declared a dividend of 62 cents per share on outstanding shares of Progress Energy’s common stock. The quarterly dividend is payable June 18, 2012, to Progress Energy shareholders of record at the close of business on May 18, 2012.

Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with 23,000 megawatts of generation capacity and approximately $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve about 3.1 million customers in the Carolinas and Florida. The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. Progress Energy celebrated a century of service in 2008. Visit the company’s website at www.progress-energy.com.

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