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.
"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
Progress Energy 24-hour media line, +1-919-546-6189, or +1-877-641-6397
-0- Sep/01/2005 18:54 GMT
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