Progress Energy Granted 20-Year License Renewal for Harris Plant

RALEIGH, N.C., Dec. 17 /PRNewswire-FirstCall/ — After a two-year review,
the U.S. Nuclear Regulatory Commission (NRC) approved Progress Energy’s (NYSE:
PGN) request to extend the operating license of the Harris Nuclear Plant
through 2046. Carbon-free nuclear power is a part of Progress Energy’s
balanced solution to meet growing energy demand in the Carolinas. This
balanced approach includes efficiency programs, investments in renewable
technology and state-of-the-art plants.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020923/CHM008LOGO-c )

The Harris Plant began commercial operation in 1987 and has safely
produced more than 142 million megawatt-hours of electricity over that time —
the equivalent of the annual usage of 10 million typical households. The
plant’s original license was set to expire in 2026.

“Obtaining license renewal at our existing nuclear plants allows Progress
Energy to ensure that safe and reliable nuclear energy continues to be a part
of the energy mix we use to meet the needs of homes and businesses that depend
on us,” said Bill Johnson, chairman, president and CEO. “And, as we work to
address concerns about global climate change, emission-free nuclear energy is
the best large-scale means for making a positive difference.”

Progress Energy submitted its application for the extension Nov. 14, 2006.
Since then, the NRC has conducted a rigorous review of the plant, including
its systems, equipment and safety measures. The federal agency also completed
a thorough review of the environmental impacts of license renewal, and held
several open meetings to solicit public input.

The Harris Plant is the third Progress Energy nuclear plant to receive a
renewed operating license. In April 2004, the NRC approved the renewal of the
operating license for the company’s H.B. Robinson Nuclear Plant near
Hartsville, S.C., through July 2030. In June 2006, the NRC approved the
renewal of the operating license for the Brunswick Nuclear Plant near
Southport, N.C., through 2034 and 2036 for that plant’s two nuclear units.
Progress Energy is planning to file for a renewed operating license for its
Crystal River Nuclear Plant near Crystal River, Fla., this month.

The Harris Nuclear Plant is a pressurized-water reactor capable of
producing 900 megawatts of electricity. The plant is jointly owned by Progress
Energy and the N.C. Eastern Municipal Power Agency. The plant employs about
600 workers and generates nearly $10 million in annual tax revenue for Wake
County.

“The Harris Plant and its employees have been safely and efficiently
generating electricity for our customers for nearly 22 years,” said Lloyd
Yates, president and CEO of Progress Energy Carolinas. “We are committed to
continuing our focus on safety and environmental stewardship each and every
day.”

Progress Energy, headquartered in Raleigh, N.C., is a Fortune 250 energy
company with more than 21,000 megawatts of generation capacity and $9 billion
in annual revenues. The company is observing its 100th anniversary in 2008.
Progress Energy includes two major utilities that serve 3.1 million customers
in the Carolinas and Florida. The company is the 2006 recipient of the Edison
Electric Institute’s Edison Award, the industry’s highest honor, in
recognition of its operational excellence. The company also is the first
utility to receive the prestigious J.D. Power and Associates Founder’s Award
for customer service. Progress Energy serves two growing areas of the country,
and the company is pursuing a balanced strategy for a secure energy future.
That balance includes aggressive energy efficiency programs, investments in
renewable energy technologies and a state-of-the-art electricity system. For
more information about Progress Energy, visit the company’s Web site at
http://www.progress-energy.com.

[Via http://www.prnewswire.com]

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