PROGRESS ENERGY: Mulls DOE’s Appeal to Ruling in Contract Suit

Carolina Power & Light Company and Florida Power Corporation (the Utilities) anticipate that the U.S. Department of Energy will appeal the ruling in a litigation stemming from a spent nuclear fuel contract.

The Utilities are subsidiaries of Progress Energy Inc.

Pursuant to…

PROGRESS ENERGY: PEC Began Recovery of GridSouth Costs Last July

Progress Energy Inc.’s subsidiary, Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc., began amortization and recovery of the wholesale portion of its GridSouth development costs in July 2008.

In 2000, the FERC issued Order 2000, which set minimum characteristics…

PROGRESS ENERGY: NCUC Sets Sept. 16 Hearing for PEC Fuel Filing

A hearing on the fuel filing by Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc. has been scheduled by the North Carolina Utilities Commission for Sept. 16, 2008.

PEC is a subsidiary of Progress Energy Inc.

On June 6,…

PROGRESS ENERGY: South Carolina Fuel Rates Up 6.1% Since July 1

The Public Service Commission of South Carolina, on June 26, 2008, approved a request by Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc. for a fuel rate increase.

PEC is a subsidiary of Progress Energy Inc.

On April 30,…