SOURCE: Industrial Info Resources

February 17, 2009 06:00 ET

Progress Energy Posts 4Q08 Profit and Continues More Than $27 Billion in Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 17, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Progress Energy Incorporated (NYSE:PGN) (Raleigh, North Carolina) has reported a fourth-quarter 2008 net income of $107 million, up almost 4% compared with $103 million in the same quarter of 2007, on improved margins and lower depreciation despite a slump in sales. For the full year, the company has posted a net income of $830 million, up nearly 65%. As part of our North American Industrial Database, Industrial Info is tracking 41 active Progress Energy projects totaling more than $27.87 billion. Included in the database is information on the $14 billion Levy nuclear project, which Industrial Info has been tracking since October 2005.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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