Progress Energy 2007 Annual Report Download - page 3

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At Progress Energy, we have one of the most powerful tools
in the industry: the power of intelligent, innovative thinking.
And we are focusing this powerful tool on our two regulated
electric utilities, Progress Energy Carolinas and Progress
Energy Florida. Our more than 10,000 employees are devel-
oping the best solutions for the energy challenges of today
and tomorrow. We are implementing a
Balanced Solution for meeting our
growing area’s energy needs, combin-
ing energy efficiency, alternative energy and state-of-the-art
power generation. And we are working in partnership with
our communities, building public and regulatory support. In
short, we are developing a bright future for our company,
customers and shareholders. And we’re succeeding because
every one of us is looking at power in a new light.
BRIGHT
THINKING
FOR TODAY’S ENERGY LANDSCAPE.
TABLE OF CONTENTS
Letter to Shareholders 2
Financial Highlights 3
Our Balanced Solution 6
Our Bright Future 12
Board of Directors 14
Board Committees 16
Financial Report 17