Progress Energy Florida selects Lake County industrial site as first to qualify for the company's Site Readiness Program

   Progress Energy Florida selects Lake County industrial site as first to
               qualify for the company's Site Readiness Program

PR Newswire

ST. PETERSBURG, Fla., Feb. 1, 2013

ST. PETERSBURG, Fla., Feb. 1, 2013 /PRNewswire/ --Progress Energy Florida has
selected Lake County's Florida Energy and Aerospace Technology (FEAT) Park as
its first Site Readiness location in Florida.

(Logo: http://photos.prnewswire.com/prnh/20110110/PROGRESSENERGYLOGO)

According to Marc Hoenstine, economic development manager for Progress Energy
Florida, FEAT Park was chosen after a comprehensive site inventory assessment
of more than 60 sites. FEAT Park will be actively marketed to site selectors
and corporate decision makers this year.

The Site Readiness Program is the cornerstone of the Duke Energy (NYSE: DUK)
Business Development Team's work. It is designed to identify, evaluate,
improve and increase awareness of industrial sites in the company's service
territory. The goal of the program is to increase the inventory of industrial
sites and to advance their state of readiness.

"This program is a progressive effort toward making communities more
competitive and attractive for new industry and jobs. Even more, it's in sync
with our strategy for diversifying the state's economy, which involves
identifying and promoting communities' marketable attributes for business
recruitment," said Florida Secretary of Commerce Gray Swoope, who serves as
president and CEO of Enterprise Florida, Inc., the state's principal economic
development organization. "Florida as well as Lake County will benefit."

"We are always very happy to do business with successful companies like
Progress Energy," said Leesburg Mayor David Knowles. "Our property is a blank
slate with a lot of great potential. We are looking for ideas and innovation
from the Site Readiness Program to help pull it all together and create new
development and new jobs."

The FEAT site was selected because its proposed use is a clear fit with the
company's targeted industries and its size is ideal.

The Duke Energy Business Development Team is a direct result of the Progress
Energy Florida merger with Duke Energy. Economic development is crucial to
Florida's recovery, and the company is committed to helping boost economic
activity.

"The Duke Energy Business Development Team is working hard to help market our
Florida service territory nationally and internationally as the right place to
do business," said Alex Glenn, state president, Progress Energy Florida.
"Since July, the team has extensively visited and analyzed our Florida service
territory.

"This early work has already produced results with six new potential companies
being referred to us in Florida."

Targeted industries include aviation/aerospace, automotive, bio/life sciences,
data centers, food and beverage, general manufacturing and plastics.

Ideal candidates for the Site Readiness Program are Progress Energy served
industrial sites of 75 acres or more. A qualified site can be either a single
site suited for a large industrial facility or a potential industrial park
(multi-tenant site).

The program includes:

  oInitial assessment of industrial sites (existing or potential) from the
    perspective of a top site-selection consultant, McCallum Sweeney
    Consulting.
  oA more detailed "buildability" assessment and development of conceptual
    plans for the sites by expert land-use and site planners. HRP Associates
    will create the FEAT Park buildable study.
  oA meeting with the county to present McCallum Sweeney's findings and a
    detailed final report on the site, including a presentation of the final
    drawings and conceptual by HRP Associates.

For more information about the Progress Energy economic development efforts,
visit:
http://www.duke-energy.com/economic-development/economic-development.asp#.

Progress Energy Florida

Progress Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), provides
electricity and related services to more than 1.6 million customers in
Florida. The company is headquartered in St. Petersburg, Fla., and serves a
territory encompassing more than 20,000 square miles including the cities of
St. Petersburg and Clearwater, as well as the Central Florida area surrounding
Orlando. Progress Energy Florida is pursuing a balanced approach to meeting
the future energy needs of the region. That balance includes increased
energy-efficiency programs, investments in renewable energy technologies and a
state-of-the-art electricity system. More information is available at
www.progress-energy.com.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded
on the New York Stock Exchange under the symbol DUK. More information about
the company is available at: www.duke-energy.com.

Florida Energy and Aerospace Technology Park

The Florida Energy and Aerospace Technology (FEAT) Park is a City of
Leesburg-owned site providing more than 640 acres of prime property targeting
the city's economic development emphasis on aviation, aerospace and new energy
development.

The site borders the interchange of Florida's Turnpike - a direct access road
crossing through much of the state - and Lake County Road 470.

More information is available at
http://www.leesburgflorida.gov/feat/index.aspx.

Media contact via 24-Hour media line: 800-559-3853

Follow Progress Energy Florida on Twitter: www.twitter.com/ProgEnergyFL
Follow Progress Energy Florida on Facebook:
www.facebook.com/ProgressEnergyFlorida



SOURCE Progress Energy

Website: http://www.progress-energy.com
 
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