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Press Release

09/09/2011

Progress Energy receives national economic development award

RALEIGH, N.C. (Sept. 9, 2011) -- Progress Energy has been named one of the Top Utilities in Economic Development by Site Selection magazine for the eighth time since 2001.

The magazine's September 2011 issue selected Progress Energy as one of 10 winning utilities based on the company’s role in helping to generate more than 2,300 new jobs and more than $675 million in capital investment in its Carolinas and Florida service areas in 2010.

The Top Utilities list is released annually by the editors of Site Selection magazine. Selection criteria include the number and type of new and expanded facilities that have located in a utility's service area, the most new jobs and capital investment created (in total and per capita), and the new programs and services developed for attracting economic activity. 

The magazine also evaluates the utilities' coordinated efforts with other agencies, takes into account responses from site selection consultants and corporate end users, and considers the utilities' own investment in new generation, transmission and renewable energy projects. Please visit www.progress-energy.com for more information on economic development initiatives.

Site Selection magazine is published by Atlanta-based Conway Data Inc. The magazine delivers expansion planning information to 44,000 executives of fast-growing firms.

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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