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: FPSC to Vote on Capacity Costs Hike Bid in Oct.

The Florida Public Service Commission is expected to vote by October 2008, on Florida Power Corporation d/b/a Progress Energy Florida, Inc.’s request for a US$25 million increase in the capacity cost recovery revenue requirement.

PEF is a subsidiary of Progress…

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: Mulls ‘09 Hearing on Fla. Unit’s Coal Purchases

Progress Energy Inc., in its Form 10-Q dated Aug. 8, 2008, that it anticipates a 2009 hearing will be held on the coal purchases made by its subsidiary, Florida Power Corporation d/b/a Progress Energy Florida, Inc.

On Aug. 10, 2006,…

PROGRESS ENERGY: Fla. “Determination of Need” Approved in July

The Florida Public Service Commission, on July 15, 2008, voted unanimously in favor of Florida Power Corporation d/b/a Progress Energy Florida, Inc.’s Determination of Need.

PEF is a subsidiary of Progress Energy Inc.

On March 11, 2008, PEF filed a petition for…

PROGRESS ENERGY: FPSC Ruling on Recovery Bid Expected by Oct. 1

A decision by the Florida Public Service Commission on Florida Power Corporation d/b/a Progress Energy Florida, Inc.’s 2008 cost- recovery filing is expected by Oct. 1, 2008.

PEF is a subsidiary of Progress Energy Inc.

On March 11, 2008, PEF also…

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,…

PROGRESS ENERGY: Expects FPSC to Vote on PEF’s Cost Recovery Bid

The Florida Public Service Commission is expected to vote on Florida Power Corporation d/b/a Progress Energy Florida, Inc.’s petition for recovery of costs by October 2008.

PEF is a subsidiary of Progress Energy Inc.

On Sept. 22, 2006, PEF filed a…

PROGRESS ENERGY: Fla. Fuel Cost Recovery Request Okayed in July

The Florida Public Service Commission, on July 1, 2008, approved a request for fuel cost recovery filed by Progress Energy Inc.’s subsidiary, Florida Power Corporation d/b/a Progress Energy Florida, Inc.

On May 30, 2008, PEF filed a petition with the…

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