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Press Release

04/27/2011

Progress Energy invests more than $400,000 in K-12 education in the Carolinas

RALEIGH, N.C. (April 27, 2011) The Progress Energy Foundation will invest more than $400,000 in the Carolinas this year to support energy education and workforce development in public schools.

“The new energy economy demands skills that were not attainable, or even known, a generation ago,” said Lloyd Yates, president and CEO of Progress Energy Carolinas. “To increase awareness and build the energy workforce of the future, we must introduce energy concepts and related skills to students early in their education. Supporting education in our local communities also helps to ensure that students are given the opportunity to succeed and continue their education beyond high school.”

Grants were awarded to programs that focus on expanding student and teacher knowledge about energy issues, including alternative energy, energy efficiency and state-of-the-art power systems. The following organizations and programs will receive grants in 2011:

K-12 schools– The company's primary vehicle for supporting K-12 public schools is education foundations. Grants to local education foundations in the City of Asheville, and in Buncombe, Chatham, Cumberland and Wake counties in North Carolina fund energy education classroom projects.

Teach for America– Funding from Progress Energy provides operating support to allow Teach for America to continue offering services in Eastern North Carolina and to expand the organization’s field of teachers. These teachers have been successful in helping to attain significant gains in student achievement in rural and inner-city schools.

DonorsChoose – Funding from Progress Energy encourages teachers to integrate energy education lessons into their curricula and provides the resources necessary to do so in a compelling way. Teachers can submit their ideas for energy education projects on DonorsChoose.org.

North Carolina Agricultural Foundation 4-H Progress Energy’s support of the North Carolina 4-H Electric Program enables more than 69,000 young people to participate in electric and energy-conservation programs in their communities.

Communities in Schools (CIS) Progress Energy funds will be used to maintain and improve CIS of Wake County’s after-school tutorial program. The company is also continuing its support for CIS North Carolina to help build new CIS programs in Progress Energy communities.

Wayne Community College (K-12 outreach)– Funding will support Camp Kilowatt, a summer day camp for high school and middle school students who are interested in alternative energy.

North Carolina New Schools Project (NCNSP)– This grant supports NCNSP in creating a network of innovative high schools which incorporate a focused study on energy challenges.

South Carolina Governor’s School for Science and MathematicsThis grant supports new academic programming in energy studies, expands scholarship resources for students studying in these areas, and sustains outreach programs that benefit middle and high school students in the Pee Dee region of South Carolina.

Supporting education is one part of Progress Energy’s investment in nonprofit partners in North Carolina, South Carolina and Florida. The company’s grants also focus on the environment, economic development and employee involvement. During 2010, Progress Energy invested approximately $9 million in the communities it serves. The Progress Energy Foundation is funded each year by the company’s board of directors from shareholder funds.

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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