Efforts Company also will match donations from employees & retirees RALEIGH, N.C., Sept. 1 /PRNewswire-FirstCall/ -- Progress Energy today announced it is donating $100,000 to the American Red Cross for Hurricane Katrina relief efforts. In addition, the company will match all contributions to the Red Cross from its employees and retirees. (Photo: http://www.newscom.com/cgi-bin/prnh/20020923/CHM008LOGO-c) "Hurricane Katrina has devastated the Gulf Coast, and in many places, it will take years to rebuild the infrastructure needed to return people to their homes," said Bob McGehee, chairman and CEO of Progress Energy. "During the 2004 storm season, we saw firsthand the generosity of people from the Gulf Coast and all over our country." Approximately 900 Progress Energy line and service personnel, damage assessment teams and support staff are in Louisiana assisting with power restoration efforts. Progress Energy crews are working with Cleco Corp., a central Louisiana-based electric utility, to rebuild the electrical infrastructure and restore service to customers. "Our company and many of our customers know from experience the resources it takes to help storm victims," McGehee said. "We hope this offer to match the donations of our employees and retirees will encourage them to aid in these efforts, as well." 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 and fuel extraction. For more information about Progress Energy, visit the company's Web site at http://www.progress-energy.com. SOURCE Progress Energy CONTACT: Progress Energy 24-hour media line, +1-919-546-6189, or +1-877-641-6397 -0- Sep/01/2005 18:54 GMT
Progress Energy Donating $100,000 to Hurricane Katrina Relief
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