Progress Energy Group President Skip Orser Announces Retirement

  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. 
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"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 .

SOURCE  Progress Energy, Inc. 
-0-                             11/29/2004 
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CO:  Progress Energy, Inc.
ST:  Florida, North Carolina, South Carolina
-0- Nov/29/2004 20:40 GMT
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