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Press Release

07/12/2011

Progress Energy receives a Toyota Prius Plug-in, anticipates Plug-In 2011

Plug-in electric vehicle conference coming to Raleigh for its first time on the East Coast

RALEIGH, N.C. (July 12, 2011) – Progress Energy is taking a turn at the wheel of Toyota’s Prius Plug-in hybrid electric vehicle as part of a global demonstration and research trial. The prototype vehicle arrived last week and will spend 30 days with the utility in North Carolina. During this time, the company plans to evaluate the Prius Plug-in’s performance, use it in public outreach efforts and work to better understand consumer charging behavior and the associated effects on the electric grid.

The vehicle joins the utility’s fleet just as the Triangle region gets ready to host Plug-In 2011, a national conference on plug-in electric vehicles. The conference will be held in Raleigh from July 18 to 21, with a special Public Night on July 19 where a Prius Plug-in and other vehicles will be on display. Progress Energy is co-organizing the conference with the Electric Power Research Institute (EPRI) and Duke Energy. For more information on Public Night or the conference, visit www.plugin2011.com.

The Prius Plug-in prototype is laying the groundwork for the production version available next year. Based on the third-generation Prius, the plug-in variant combines high-output lithium-ion batteries with significantly enhanced Hybrid Synergy Drive technology, to offer an expanded fully electric driving mode, even at highway speeds. With a fully charged battery, the Prius Plug-in can travel approximately 13 miles in electric vehicle mode. Once the charge is depleted, the vehicle defaults to the standard, gas-electric hybrid mode and operates like a regular Prius. The Prius Plug-in can be recharged in approximately three hours from a standard 120-volt outlet or in half that time with a 240-volt outlet.

Next week’s Plug-In 2011 conference, to be held at the Raleigh Convention Center, marks the first time this major industry conference has been held outside California. The event is an opportunity for industry leaders and experts to discuss the future of electric transportation, technical advances, best practices, market research and policy initiatives shaping the future growth of the industry.

Conference attendees will consist of representatives from automotive manufacturers, component suppliers, electric utilities, government agencies, academia and the environmental community. The exhibition floor will feature the latest electric vehicles and related innovations. The public can access the exhibition floor, see the film “Revenge of the Electric Car” and attend a panel discussion for a discounted entrance fee, on Public Night, July 19.

Progress Energy has one of the most advanced utility plug-in electric vehicle programs in the nation, with a research fleet that includes the Southeast’s first plug-in hybrid electric utility bucket truck. Progress Energy Carolinas is installing around 200 charging stations to collect additional charging data through a research program funded by the company’s $200 million smart grid grant from the Department of Energy. The company has also partnered with several universities on electric transportation initiatives, including the University of North Carolina at Chapel Hill, NC State University and the University of Florida. For more information on other PEVs, charging requirements and how you can get involved, visit www.progress-energy.com/plugin.

For pictures of the Toyota Prius Plug-in visit www.flickr.com/progressenergy.

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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