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Robert McGehee

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These kinds of rumors are not surprising given the number of large utility mergers announced lately.

These kinds of rumors are not surprising given the number of large utility mergers announced lately. Progress Energy has a responsibility to our shareholders, and our company will continue to listen to good ideas others may present. However, the important thing to remember is that we control our own destiny. We are fortunate that our company has desirable, fast-growing service territories.

Achieving these goals will create shareholder value and allow us to determine the best strategic direction for the company.

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