Progress Energy To Provide 2010 Earnings Guidance Jan. 19

Jan 12, 2010, 12:00 ET from Progress Energy

RALEIGH, N.C., Jan. 12 /PRNewswire-FirstCall/ -- Progress Energy (NYSE: PGN) will hold a brief conference call Tuesday, Jan. 19, to update the company's 2009 ongoing earnings guidance, discuss the recent rate decision in Florida and provide preliminary ongoing earnings guidance for 2010. The Jan. 19 conference call will begin at 10 a.m. ET (7 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.

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Investors, media and the public may listen to the conference call by dialing 913-312-0392, confirmation code 4951003. 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/webcast. 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 entire conference call will be available from 1 p.m. ET Jan. 19 through midnight Feb. 2. To listen to the recorded call, dial 719-457-0820 and enter confirmation code 4951003.

As previously announced, Progress Energy will hold a conference call to discuss 2009 fourth-quarter and year-end earnings results Thursday, Feb. 11. That conference call will begin at 10 a.m. ET (7 a.m. PT) and will be webcast to the public. The call will be hosted by CEO Johnson and CFO Mulhern. Details related to the Feb. 11 conference call and webcast are available at www.progress-energy.com/investor.

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 $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve approximately 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 Web site at www.progress-energy.com.

SOURCE Progress Energy



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