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If you discloses Jonny Lang encounter problemsconnecting johnny lang fells in to the conference call, please contact Investor Relations at919-546-6057.A webcast of the live conference call will be available at The webcast will be available in WindowsMedia format. The webcast will be archived on the site for at least 30 daysfollowing the call for those unable to listen in real time. A playback of theentire conference call will be available from 1 p.m ETFeb 12 throughmidnight Feb 26. To listen to the recorded call, dial 719-457-0820 and enterconfirmation code 2870464.Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune500 energy company with more than 21,000 megawatts of generation capacity and$9 billion in annual revenues. Progress Energy includes two major electricutilities that serve approximately 3.1 million customers in the Carolinas andFlorida.

The company has earned the Edison Electric Institute's Edison Award,the industry's highest honor, in recognition of its operational excellence,and was the first utility to receive the prestigious J.D Power and AssociatesFounder's Award for customer service jonny lang anything is possible . The company is pursuing a balancedstrategy for a secure energy future, which includes aggressiveenergy-efficiency programs, investments in renewable energy technologies and astate-of-the-art electricity system.Progress Energy celebrated a century ofservice in 2008 jonny lang tour . Visit the company's Web site at EnergyCorporate Communications, +1-919-546-6189 or toll-free 1-877-641-NEWS (6397) jonny lang wander . SAN FRANCISCO, Jan jonny lang smokin . 12 /PRNewswire-FirstCall/ -- BRE Properties, Inc.(NYSE: BRE) today announced the deceleration of its development program, areduction in workforce and attendant charges associated with both actions.Management's decision is in response to current and expected economicconditions, which have fostered uncertainty regarding unemployment levels andcredit availability, and have weakened real estate fundamentals.Correspondingly, the company will no longer continue predevelopmentactivities with respect to three sites under option agreements or letters ofintent. With the fourth quarter 2008 results, the company will record anonroutine abandonment charge of approximately $5.1 million, or $0.10 pershare.Last week, the company notified 33 employees that their positions had beeneliminated. As a result, the company expects to incur cash severance chargestotaling approximately $1.5 million, or $0.03 per share, to be recorded in thefirst quarter of 2009.

The reduction in force involved management and staff-level associates primarily in the development area, reducing the overall levelof employees by four percent, and development personnel by 36 percent."These decisions are never easy, and we are mindful of the disruption thereduction in force caused for our associates and their families," said BREPresident and Chief Executive Officer Constance B Moore . "While developmentremains a critical component of our long-term business model, capitalpreservation is the leading priority for all businesses jonny lang thankful . We believe thetactical changes we have adopted are proportionate with the level of economicdeterioration, and should help us maintain sufficient credit capacity andliquidity, and ensure our continued success."The company has five apartment communities under construction, which arenot affected by these actions jonny lang haylie . Management expects to complete the constructionand lease-up of these communities as planned . The estimated cost to completethe communities is approximately $100 million. No additional constructionstarts are anticipated during 2009.The company currently has approximately $500 million available under itsunsecured credit facility.