Company Profile For Progress Energy, Inc.

Progress Energy, Inc. (Progress Energy) is an integrated electric utility holding company primarily engaged in the regulated utility business. The Company’s wholly owned regulated subsidiaries, Carolina Power & Light Company (PEC) and Florida Power Corporation (PEF) (collectively, the Utilities), each a business segment, are primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina, South Carolina and Florida. The Utilities have more than 21,000 megawatts of regulated electric generation capacity and serve approximately 3.1 million retail electric customers, as well as other load-serving entities. The Utilities operate in retail service territories. The Corporate and Other segment primarily includes the operations of the Company and Progress Energy Service Company, LLC (PESC). In March 2008, the Company sold the remaining operations of Progress Fuels Corporation subsidiaries engaged in the coal mining business.

BRIEF: For the nine months ended 30 September 2009, Progress Energy, Inc.'s revenues increased 8% to $7.58B. Net income from continuing operations increased 7% to $706M. Revenues reflect an increase in income from operating activities. Net income was partially offset by an increase in fuel used in electric generation, higher depreciation, amortization & accretion expenses, an increase in taxes other than on income and lower interest income.

Progress Energy, Inc.
410 South Willington Street
Raleigh   NC   27601
P: +1919.5466111
F: +1919.5467678

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