Progress Energy 2008 Annual Report Download - page 138

PROXY STATEMENT
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PROXIES
The accompanying proxy is solicited by our Board of Directors, and we will bear the entire cost of
solicitation. We expect to solicit proxies primarily by telephone, mail, e-mail or other electronic media or
personally by our and our subsidiaries’ officers and employees, who will not be specially compensated for
such services.
You may vote shares either in person or by duly authorized proxy. In addition, you may vote
your shares by telephone or via the Internet by following the instructions provided on the enclosed proxy
card. Please be aware that if you vote via the Internet, you may incur costs such as telecommunication and
Internet access charges for which you will be responsible. The Internet and telephone voting facilities for
shareholders of record will close at 12:01 a.m. E.D.T. on the morning of the meeting. Any shareholder who
has executed a proxy and attends the meeting may elect to vote in person rather than by proxy. You may
revoke any proxy given by you in response to this solicitation at any time before the proxy is exercised by
(i) delivering a written notice of revocation to our Corporate Secretary, (ii) timely filing, with our Corporate
Secretary, a subsequently dated, properly executed proxy, or (iii) attending the Annual Meeting and electing
to vote in person. Your attendance at the Annual Meeting, by itself, will not constitute a revocation of a
proxy. If you vote by telephone or via the Internet, you may also revoke your vote by any of the three
methods noted above, or you may change your vote by voting again by telephone or via the Internet. If
you decide to vote by completing and mailing the enclosed proxy card, you should retain a copy of certain
identifying information found on the proxy card in the event that you decide later to change or revoke your
proxy by accessing the Internet. You should address any written notices of proxy revocation to: Progress
Energy, Inc., P.O. Box 1551, Raleigh, North Carolina 27602-1551, Attention: Corporate Secretary.
All shares represented by effective proxies received by the Company at or before the Annual
Meeting, and not revoked before they are exercised, will be voted in the manner specified therein. Executed
proxies that do not contain voting instructions will be voted “FOR” the election of all directors as set
forth in this Proxy Statement; “FOR” the ratification of the selection of Deloitte & Touche LLP as our
independent registered public accounting firm for the fiscal year ending December 31, 2009, as set forth
in this Proxy Statement; and “FOR” the proposal to approve the Progress Energy, Inc. 2009 Executive
Incentive Plan to comply with Section 162(m) of the Internal Revenue Code as set forth in this Proxy
Statement. Proxies will be voted at the discretion of the named proxies on any other business properly
brought before the meeting.
If you are a participant in our 401(k) Savings & Stock Ownership Plan, shares allocated to your
Plan account will be voted by the Trustee only if you execute and return your proxy, or vote by telephone or
via the Internet. Company stock remaining in the ESOP Stock Suspense Account that has not been allocated
to employee accounts shall be voted by the Trustee in the same proportion as shares voted by participants in
the 401(k) Plan.
If you are a participant in the Savings Plan for Employees of Florida Progress Corporation (the “FPC
Savings Plan”), shares allocated to your Plan account will be voted by the Trustee when you execute and
return your proxy, or vote by telephone or via the Internet. If no direction is given, your shares will be voted in
proportion with the shares held in the FPC Savings Plan and in the best interest of the FPC Savings Plan.
Special Note for Shares Held in “Street Name”
If your shares are held by a brokerage firm, bank or other nominee (i.e., in “street name”), you
will receive directions from your nominee that you must follow in order to have your shares voted. “Street
name” shareholders who wish to vote in person at the meeting will need to obtain a special proxy form
from the brokerage firm, bank or other nominee that holds their shares of record. You should contact your
brokerage firm, bank or other nominee for details regarding how you may obtain this special proxy form.