MOUNT AIRY, N.C., July 16 /PRNewswire-FirstCall/ -- Pike Electric Corporation (NYSE:PIKE), one of the nation's leading energy solutions providers, announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission. Upon being declared effective by the SEC, the shelf registration will allow the Company the flexibility to offer and sell up to $250 million of common stock, preferred stock, debt securities, guaranties of debt securities, warrants, units or any combination thereof at prices and on terms to be determined at the time of the applicable offerings. J. Eric Pike, Chairman and Chief Executive Officer, stated, "Although we have no specific plans to offer securities under the shelf registration at this point, it positions us to quickly arrange financing for business opportunities that support our growth strategy." This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of such jurisdiction. About Pike Pike is a leading provider of energy solutions for utilities, municipalities and cooperatives throughout the United States. Our comprehensive services include siting, permitting, engineering design, installation, maintenance and repair of power delivery systems, including renewable energy projects. Our common stock is traded on the New York Stock Exchange under the symbol PIKE. Our website is located at http://www.pike.com/. Safe Harbor This press release contains forward-looking statements that relate to Pike's plans, objectives and estimates. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date of this release. The terms "should," "believe," "plan," "expect," "anticipate," "estimate," "intend" and "project" and similar words or expressions are intended to identify forward-looking statements. Various risks, uncertainties and other factors could cause actual results to differ materially from those expressed in any forward-looking statements. For a more detailed list of such risks, uncertainties and factors, please refer to the "Risk Factor" and "Forward Looking Statements" sections of Pike's Annual Report on Form 10-K for the fiscal year ending June 30, 2008, "Item 1A. Risk Factors" in Pike's Quarterly Report on Form 10-Q for the quarter ended March 31, 2009, and in its other filings with the Securities and Exchange Commission. Pike makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement, except as may be required by applicable law. DATASOURCE: Pike Electric Corporation CONTACT: Lara Travars, +1-336-719-4492 Web Site: http://www.pike.com/

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