ASC Alberta Securities Commission DIRECT LINE: 403.297.4220 DIRECT FAX: 403.297.2082 E-MAIL: blaine.young@asc.ca Citation: Progress Energy Canada Ltd., Re, 2013 ABASC 10 Date: 20130111 File No.: CMP0040339 Norton Rose Canada LLP 400 - 3rd Avenue SW, Suite 3700 Calgary, AB T2P 4H2 Attention: M. Jason Metcalf Dear Sir: Re: Progress Energy Canada Ltd.(the Applicant) - Application for a decision under the securities legislation of Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador (the Jurisdictions) that the Applicant is not a reporting issuer The Applicant has applied to the local securities regulatory authority or regulator (the Decision Maker) in each of the Jurisdictions for a decision under the securities legislation (the Legislation) of the Jurisdictions that the Applicant is not a reporting issuer. In this decision, "securityholder" means, for a security, the beneficial owner of the security. The Applicant has represented to the Decision Makers that: (a) the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total worldwide; (b) no securities of the Applicant, including debt securities, are traded in Canada or another country on a marketplace as defmed in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported; (c) the Applicant is applying for a decision that it is not a reporting issuer in all of the jurisdictions of Canada in which it is currently a reporting issuer; and (d) the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer, SUITE 600,250- 5TH STREET S.W., CALGARY, ALBERTA, CANADA, TlPOR4 TEL: 403.297.6454 FAX: 403.297.6156 www.albertasecurities.com
- 2 each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Applicant is deemed to have ceased to be a reporting issuer and that the Applicant's status as a reporting issuer is revoked. Associate Director, Corporate Finance #4397595
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