Bob McGehee Planning Quotations

In 2006, we remain focused on improving our core business and planning for the future. Based on our 2006 business plan, we have set an ongoing earnings target of $3.15 to $3.35 per share. Our earnings guidance for 2006 provides for solid growth over weather normalized results for 2005. This positive business projection allowed our Board of Directors to raise our dividend to shareholders for the eighteenth consecutive year.

Selecting a site for possible nuclear generation expansion, first in North Carolina and later in Florida, is part of our planning process to ensure we have the energy our customers need in the future.