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Press Release

01/17/2012

Progress Energy to provide 2012 earnings guidance and 2011 earnings results on Feb. 16

RALEIGH, N.C. (Jan. 17, 2012) - Progress Energy (NYSE: PGN) will hold a conference call on Thursday, Feb. 16, to provide 2012 ongoing earnings guidance and discuss 2011 fourth-quarter and year-end earnings results. The conference call will begin at 2 p.m. ET (11 a.m. PT) and will be webcast to the public. The call will be hosted by Chairman, President and Chief Executive Officer Bill Johnson and Chief Financial Officer Mark Mulhern.

Investors, media and the public may listen to the conference call by dialing 913-312-1411, confirmation code 5496498.  If you encounter problems connecting to the conference call, please contact Investor Relations at 919-546-6057.

A webcast of the live conference call will be available at www.progress-energy.com/investor. The webcast will be archived on the site for at least 30 days following the call for those unable to listen in real time.

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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