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Press Release

09/07/2011

Progress Energy donates $100,000 to the American Red Cross for hurricane relief

RALEIGH, N.C. (Sept. 7, 2011) – The Progress Energy Foundation is contributing $100,000 to the American Red Cross to help eastern North Carolina communities devastated by Hurricane Irene. The funds will be distributed among the affected counties in the utility’s service territory.

Many of the counties served by Progress Energy in Eastern North Carolina have been declared eligible for federal disaster assistance. The hurricane pummeled the region with high winds and torrential rain for 24 hours, leaving extensive flooding, structure damage and power outages.

Progress Energy completed storm restoration by Thursday, Sept. 1.

“Irene was a large and powerful storm that left 450,000 of our customers without power and devastated many of the communities that we serve,” said Lloyd Yates, president and CEO of Progress Energy Carolinas. “Power restoration is very important, but we know in many of these communities, the real work has just begun. We are committed to working side by side with our neighbors in need.”

About Progress Energy

Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 22,000 megawatts of generation capacity and approximately $10 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 has earned the Edison Electric Institute's Edison Award, the industry's highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service. 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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