September 11, 2008

PROGRESS ENERGY: Accrues $63M for Envtl. Remediation at June 30

COMPANIES: Progress Energy Carolinas Inc | Progress Energy Florida Inc | Progress Energy Inc
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Progress Energy, Inc., at June 30, 2008, recorded US$63 million in total accruals for environmental remediation, compared with US$64 million at Dec. 31, 2007.

Of the US$63 million accrued at June 30, 2008, US$18 million relates to subsidiary Progress Energy…

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