First Quarter Earnings Release Conference Call, Webcast Set for April 24

Apr 17, 2001, 01:00 ET from Progress Energy, Inc.

    RALEIGH, N.C., April 16 /PRNewswire/ -- Progress Energy, Inc. (NYSE:   PGN)
 announced today that it will be hosting its first quarter conference call on
 Tuesday, April 24, 2001, to discuss the quarter's results with shareholders
 and investors.
     An announcement outlining the financial results will be released prior to
 the call on the morning of April 24 and will be available on the company's Web
 site at http://www.progress-energy.com.   The analysts call will begin at
 3:30 p.m. EDT (12:30 p.m. PDT).  Peter Scott, Progress Energy's executive vice
 president and chief financial officer, will lead the conference call.
     If you plan to participate or listen to this conference call, dial
 719-457-2621, confirmation code 699805.  Should you encounter problems, please
 contact Shannon Brooks at 919-546-2233.
     A playback of the call will be available from 6:00 p.m. EDT April 24,
 through midnight May 1, 2001.  To listen to the recorded call, dial
 719-457-0820 and enter passcode 699805.
     A Webcast of the live conference-call audio and slide presentation will be
 available April 24 at http://www.progress-energy.com.  The Webcast will be
 available in Windows Media and RealPlayer steaming-media formats.  The Webcast
 will be archived on the site for those unable to listen in real time.
     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 4:30 p.m. EDT.  To participate in this session, please dial
 719-457-2625, confirmation code 551820.
     Progress Energy (NYSE:   PGN) is a Fortune 500 diversified holding company
 headquartered in Raleigh, N.C. with more than 19,000 megawatts of generation
 capacity and $7 billion in annual revenues.  The company's diverse portfolio
 includes two major electric utility companies, CP&L and Florida Power, as well
 as NCNG, SRS, Progress Telecom and Energy Ventures.  These companies serve
 2.8 million customers across the Southeast, providing electricity, natural
 gas, energy services and broadband capacity.  For more information about
 Progress Energy, visit the company's Web site at:
 http://www.progress-energy.com.
 
 

SOURCE Progress Energy, Inc.
    RALEIGH, N.C., April 16 /PRNewswire/ -- Progress Energy, Inc. (NYSE:   PGN)
 announced today that it will be hosting its first quarter conference call on
 Tuesday, April 24, 2001, to discuss the quarter's results with shareholders
 and investors.
     An announcement outlining the financial results will be released prior to
 the call on the morning of April 24 and will be available on the company's Web
 site at http://www.progress-energy.com.   The analysts call will begin at
 3:30 p.m. EDT (12:30 p.m. PDT).  Peter Scott, Progress Energy's executive vice
 president and chief financial officer, will lead the conference call.
     If you plan to participate or listen to this conference call, dial
 719-457-2621, confirmation code 699805.  Should you encounter problems, please
 contact Shannon Brooks at 919-546-2233.
     A playback of the call will be available from 6:00 p.m. EDT April 24,
 through midnight May 1, 2001.  To listen to the recorded call, dial
 719-457-0820 and enter passcode 699805.
     A Webcast of the live conference-call audio and slide presentation will be
 available April 24 at http://www.progress-energy.com.  The Webcast will be
 available in Windows Media and RealPlayer steaming-media formats.  The Webcast
 will be archived on the site for those unable to listen in real time.
     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 4:30 p.m. EDT.  To participate in this session, please dial
 719-457-2625, confirmation code 551820.
     Progress Energy (NYSE:   PGN) is a Fortune 500 diversified holding company
 headquartered in Raleigh, N.C. with more than 19,000 megawatts of generation
 capacity and $7 billion in annual revenues.  The company's diverse portfolio
 includes two major electric utility companies, CP&L and Florida Power, as well
 as NCNG, SRS, Progress Telecom and Energy Ventures.  These companies serve
 2.8 million customers across the Southeast, providing electricity, natural
 gas, energy services and broadband capacity.  For more information about
 Progress Energy, visit the company's Web site at:
 http://www.progress-energy.com.
 
 SOURCE  Progress Energy, Inc.