Progress Energy 2010 Annual Report Download - page 140

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. In
addition, the Company will engage Phoenix Advisory Partners, if necessary, to assist in the solicitation of proxies on
behalf of the Board. It is anticipated that the cost of the solicitation services to the Company will be approximately
$50,000, plus out-of-pocket expenses.
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 proposal approving the Company’s executive compensation, as set forth in this Proxy Statement;
“FOR” the option of one year for the frequency of the advisory “nonbinding” vote on executive compensation,
as set forth in this Proxy Statement; and “FOR” the ratification of the selection of Deloitte & Touche LLP as our
independent registered public accounting firm for the fiscal year ending December 31, 2011, 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. Plan participants must provide voting instructions on or before 11:59 p.m. E.D.T. on May 11, 2011.
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.