RALEIGH, N.C., Nov. 29 /PRNewswire-FirstCall/ -- Progress Energy (NYSE: PGN) today announced that William S. (Skip) Orser, group president of Energy Supply, will retire on March 1, 2005. Orser has served as group president of Energy Supply since 2000. (Logo: http://www.newscom.com/cgi-bin/prnh/20020923/CHM008LOGO-c ) "Skip has led our generation fleet to the top of the industry," said Bob McGehee, chairman, president and CEO of Progress Energy. "Under his leadership our nuclear fleet has achieved world-class, award-winning status and our fossil fleet is a leader in operational excellence and an innovator in emissions control." Orser, 60, joined Progress Energy (formerly CP&L) in 1993 as executive vice president and chief nuclear officer. He became executive vice president of Energy Supply in 1997, a position he held until the acquisition of Florida Progress in 2000. In his current role, he is responsible for operating and maintaining Progress Energy's 38 regulated and competitive nuclear, coal- and oil-fired, natural gas-fueled and hydroelectric power plants in the Carolinas, Florida and Georgia. Energy Supply is also responsible for siting and building new power plants and system planning and operations. "He is a valued member of the leadership team and has overseen the addition of several new generating facilities to our fleet that have added greatly to the company's strong assets," said McGehee. "His vision and steadying influence will be missed." Orser has more than 38 years of experience in the energy industry. He has been recognized by his industry peers and has served on several industry committees and panels. Prior to joining Progress Energy, Orser was executive vice president of nuclear generation with Detroit Edison Company and spent 11 years with Portland General Electric Co. He chairs Progress Energy's Environment, Health and Safety Performance Council and the Executive Technology Council. He also serves as chairman of the board of the Food Bank of Central and Eastern North Carolina and is a member of the board of trustees for Montreat College. Orser graduated from the U.S. Naval Academy with academic distinction in 1966 with a Bachelor of Science degree and received his master's in computer systems management from the U.S. Naval Postgraduate School in 1971. He served 10 years in the U.S. Navy nuclear submarine program, serving on three nuclear-powered submarines. Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 250 diversified energy company with more than 24,000 megawatts of generation capacity and $9 billion in annual revenues. The company's holdings include two electric utilities serving more than 2.9 million customers in North Carolina, South Carolina and Florida. Progress Energy also includes nonregulated operations covering competitive generation, energy marketing, natural gas production, fuel extraction, rail services and broadband capacity. For more information about Progress Energy, visit the company's Web site at http://www.progress-energy.com . SOURCE Progress Energy, Inc. -0- 11/29/2004 /CONTACT: 24-hour media line, +1-877-641-NEWS (6397), or +1-919-546-6189/ /Photo: http://www.newscom.com/cgi-bin/prnh/20020923/CHM008LOGO-c AP Archive: http://photoarchive.ap.org PRN Photo Desk, firstname.lastname@example.org / /Web site: http://www.progress-energy.com / (PGN) CO: Progress Energy, Inc. ST: Florida, North Carolina, South Carolina IN: UTI OIL ENV SU: -0- Nov/29/2004 20:40 GMT
Progress Energy Group President Skip Orser Announces Retirement
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