Progress Energy Third-Quarter Earnings Release Webcast Set for Nov. 3

Progress Energy Third-Quarter Earnings Release Webcast Set for Nov. 3

Progress Energy will hold a conference call to discuss third-quarter earnings results on Friday, Nov. 3. The conference call will be held at 10 a.m. ET (7 a.m.PT) and will be webcast to the general public. The call will be hosted by Bob McGehee, chairman and chief executive officer, and Peter Scott, chief financial officer.

Investors, media and the public may listen to the conference call by dialing 913-981-4915, confirmation code 3264819. If you encounter problems, please contact Paltine Braxton at 919-546-2233.

A webcast of the live conference call will be available at http://www.progress-energy.com. The webcast will be available in Windows Media format. The webcast will be archived on the site for at least 30 days following the call for those unable to listen in real time. A playback of
the call will be available from 1 p.m. ET Nov. 3 through midnight Nov. 17, 2006. To listen to the recorded call, dial 719-457-0820 and enter confirmation code 3264819.

Members of the media are invited to listen to the conference call and then participate in a media-only question-and-answer session with Peter Scott starting at 11 a.m. ET. To participate in this session, please dial 913-981- 5507, confirmation code 3941367.

Progress Energy, headquartered in Raleigh, N.C., is a Fortune 250 diversified energy company with more than 23,000 megawatts of generation capacity and $10 billion in annual revenues. The company’s holdings include two electric utilities serving approximately 3 million customers in North Carolina, South Carolina and Florida. Progress Energy’s nonregulated operations include energy marketing. Progress Energy is the 2006 recipient of the Edison Electric Institute’s Edison Award, the industry’s highest honor, in recognition of its operational excellence. In 2005, the company also received the prestigious J.D. Power and Associates Founder’s Award for dedication, commitment and sustained improvement in customer service. For more information about Progress Energy, visit the company’s Web site at progress-energy.com.

SOURCE Progress Energy

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