RALEIGH, N.C. (May 4, 2010) – Progress Energy issued its
fourth corporate responsibility report today, reflecting the company’s commitment to open communication on environmental performance, financial management, community partnerships and other business issues. The 2010 report also describes how the company is addressing the challenges of global climate change, growing energy demand and rising costs.
“We have vital connections to our communities and are committed to more than just the financial bottom line,” said Bill Johnson, chairman, president and CEO of Progress Energy. “We remain focused on managing the present while creating the future - ensuring that we meet the needs of those who depend on us today while adapting successfully to the challenges tomorrow will bring to our energy landscape.”
The report includes information on the company's balanced solution strategy to meet growing electricity demand and secure the region's energy future by investing in energy-efficiency programs, alternative and renewable energy sources and a state-of-the-art power system.
For the first time, this year’s corporate responsibility report includes a separate chapter focused on global climate change. As an update to the company’s 2008 Global Climate Change Report to Shareholders, this chapter includes the company’s position on climate-change policy, actions to reduce carbon emissions, and an evaluation of proposed climate-change polices and their potential impacts.
In addition, the report addresses the company's commitment to its communities, including philanthropy, economic development and supplier-diversity efforts; the environment, including air and water quality; employees, including safety, ethics and diversity; and shareholders, with an emphasis on corporate governance and productivity.
The 2010 Corporate Responsibility Report is exclusively online and is available at
www.progress-energy.com/aboutus. An executive summary of the report is also available for download.
Highlights from the 2010 Corporate Responsibility Report include:
Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 22,000 megawatts of generation capacity and approximately $10 billion in annual revenues. Progress Energy includes two major electric utilities that serve about 3.1 million customers in the Carolinas and Florida. The company has earned the Edison Electric Institute's Edison Award, the industry's highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service. The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. Progress Energy celebrated a century of service in 2008. Visit the company’s website at www.progress-energy.com.
