RALEIGH, N.C., Feb 25, 2008 /PRNewswire-FirstCall

Continuing its leadership in addressing environmental issues, Progress Energy has committed to providing detailed information about greenhouse gas emissions from the company's operations, through its voluntary participation in The Climate Registry.

As a founding reporter, Progress Energy agrees to annually calculate and report both direct and indirect emissions of the six primary greenhouse gases, including carbon dioxide (CO2), from all company power plants, vehicle fleet and other operations. Progress Energy is the first utility to join TCR in Florida and one of the first in the Southeast.

"We are committed to transparency with our customers, shareholders and communities about the environmental impacts of our operations," said Bill Johnson, chairman, president and CEO of Progress Energy. "We must face the challenge of global climate change together, and participating in The Climate Registry will help inform consensus-based strategies to guide our actions. We are proud to be a founding reporter to this registry."

In 2008, Progress Energy will conduct a comprehensive, companywide greenhouse gas emissions inventory using protocols established by TCR. The inventory will include all emissions associated with the company's operations and will be verified by a third party to ensure accuracy.

Progress Energy is already taking action to address climate change while meeting the growing energy demands of its customers. The company is pursuing a balanced strategy that includes aggressive energy-efficiency goals, investments in renewable and alternative energy sources and advancing state- of-the-art power plants, including new nuclear generation. More than 35 percent of the electricity generated by Progress Energy in 2007 came from nuclear power plants, which emit no greenhouse gases.

About The Climate Registry:

The Climate Registry is a collaboration among states, provinces and tribes aimed at developing and managing a common greenhouse gas emissions reporting system with high integrity. It will provide an accurate, complete, consistent, transparent and verified set of greenhouse gas emissions data from reporting entities, supported by a robust accounting and verification infrastructure. Find out more information at http://www.theclimateregistry.org.

About Progress Energy:

Progress Energy, headquartered in Raleigh, N.C., is a Fortune 250 energy company with more than 21,000 megawatts of generation capacity and $10 billion in annual revenues. The company includes two major utilities that serve more than 3.1 million customers in the Carolinas and Florida. 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. The company also is the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service. Progress Energy serves two fast-growing areas of the country, and the company is pursuing a balanced approach to meeting the future energy needs of the region. That balance includes increased energy efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. For more information about Progress Energy, visit the company's Web site at http://www.progress-energy.com.

SOURCE Progress Energy

News Provided By