Progress Energy Provides Update on Crystal River Nuclear Plant Outage; Believes Unit Will Return to Service in 2014

Progress Energy PGN Florida has provided an update to the Nuclear Regulatory Commission and the Florida Public Service Commission regarding the status of its Crystal River Nuclear Plant. Based on an initial review, the company believes that repairing the unit is the best option, and is taking steps to complete more detailed engineering and construction analyses. At this time, the company estimates that the unit would return to service in 2014. Progress Energy will meet with the FPSC July 14 to discuss the company's plan in more detail and determine the appropriate timing for moving forward, in coordination with regulators.