Progress Energy Becomes Presenting Sponsor of the Carolina Courage

Apr 20, 2001, 01:00 ET from Progress Energy, Inc.

    RALEIGH, N.C., April 20 /PRNewswire Interactive News Release/ -- Progress
 Energy (NYSE:   PGN), parent company of CP&L and one of the nation's largest
 energy companies, has signed an agreement to become a presenting sponsor of
 the Carolina Courage of the Women's United Soccer Association (WUSA).
     "Progress Energy believes that professional women's soccer is great for
 the Triangle and we're pleased to lend our support to help make this exciting
 new franchise a success," said Bill Cavanaugh, chairman, president and CEO of
 Progress Energy.  "We're committed to investing in the communities we serve,
 especially here in our headquarters area, but more than that, we're proud to
 be associated with these world-class athletes who are already role models to
 so many young people everywhere."
     "We are delighted to have Progress Energy as part of our team," said
 Courage President Jerome Ramsey.  "It is clear that, as the only Fortune 500
 company based in the Triangle, Progress Energy takes seriously its
 responsibility to the local community.  The support of corporate partners like
 Progress Energy will be a critical element in the success of women's
 professional soccer."
     Progress Energy 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 /.
     The WUSA is the premiere women's professional soccer league, with eight
 initial franchises located in Atlanta, Boston, New York, Philadelphia,
 Raleigh-Durham, San Diego, the San Francisco Bay Area, and Washington D.C.
     The WUSA is owned by a unique partnership that unites Time Warner Cable,
 which operates the Carolina Courage and the New York Power, with several other
 major players in the cable industry.  Other WUSA investors include John S.
 Hendricks, chairman and CEO of Discovery Communications; Amos B. Hostetter,
 former chairman and CEO of Continental Cablevision, Inc.; Comcast Corporation;
 Cox Enterprises; and Cox Communications.
 
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SOURCE Progress Energy, Inc.
    RALEIGH, N.C., April 20 /PRNewswire Interactive News Release/ -- Progress
 Energy (NYSE:   PGN), parent company of CP&L and one of the nation's largest
 energy companies, has signed an agreement to become a presenting sponsor of
 the Carolina Courage of the Women's United Soccer Association (WUSA).
     "Progress Energy believes that professional women's soccer is great for
 the Triangle and we're pleased to lend our support to help make this exciting
 new franchise a success," said Bill Cavanaugh, chairman, president and CEO of
 Progress Energy.  "We're committed to investing in the communities we serve,
 especially here in our headquarters area, but more than that, we're proud to
 be associated with these world-class athletes who are already role models to
 so many young people everywhere."
     "We are delighted to have Progress Energy as part of our team," said
 Courage President Jerome Ramsey.  "It is clear that, as the only Fortune 500
 company based in the Triangle, Progress Energy takes seriously its
 responsibility to the local community.  The support of corporate partners like
 Progress Energy will be a critical element in the success of women's
 professional soccer."
     Progress Energy 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 /.
     The WUSA is the premiere women's professional soccer league, with eight
 initial franchises located in Atlanta, Boston, New York, Philadelphia,
 Raleigh-Durham, San Diego, the San Francisco Bay Area, and Washington D.C.
     The WUSA is owned by a unique partnership that unites Time Warner Cable,
 which operates the Carolina Courage and the New York Power, with several other
 major players in the cable industry.  Other WUSA investors include John S.
 Hendricks, chairman and CEO of Discovery Communications; Amos B. Hostetter,
 former chairman and CEO of Continental Cablevision, Inc.; Comcast Corporation;
 Cox Enterprises; and Cox Communications.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X75431784
 
 SOURCE  Progress Energy, Inc.