Progress Energy CEO Johnson Urges Flexibility and Customer Protection in Implementing EPA Rules

The U.S. electric utility industry faces an “unprecedented convergence of new federal environmental rules – unprecedented in scope of change and compression of deadlines,” Progress Energy Chairman, President and CEO Bill Johnson told utility regulators Monday in Washington. And the “current fragmented approach, coupled with rapid-compliance... 

Rising Costs Threaten Utility Sector’s Large Dividends

To combat rising costs, companies in the Electric Utilities Sector have been looking to mergers and acquisitions to keep profits steady and maintain their healthy dividends. Stricter environmental regulations require that any new power plants built that are large enough to produce 75,000 tons of carbon dioxide a year must use the best available control... 

Comverge Surpasses Half a Billion Dollars in Future Contracted Revenues

Comverge Inc., a leading provider of smart grid, demand management, and energy efficiency solutions, announced today that its future contracted revenues have surpassed $500 million, a significant milestone recently achieved with the signing of contracts with Progress Energy Carolinas and Pepco Holdings, Inc. Comverge expects over $350 million, or 70%,... 

Comverge Announces Multi-Year Demand Management Program with Progress Energy Carolinas

Comverge, Inc. announced that it has entered into an agreement with Progress Energy Carolinas (PEC) to provide demand response hardware, software, software hosting services and project support in connection with PEC’s new EnergyWise(TM) residential demand response and energy efficiency program. The exclusive agreement has an initial term of five... 

Madison County Wind for Schools Project Brings Alternative Energy Education to Western N.C.

Winds blowing through the mountains of North Carolina will move more than leaves next year when the first rural wind power education program east of the Mississippi River is established in Madison County. A regional partnership will install small wind turbines at three schools in Madison County and develop a K-12 alternative-energy curriculum as part... 

Progress Energy Carolinas Again Seeking Renewable Energy Projects

Progress Energy Carolinas is again seeking proposals for potential renewable energy projects and alternative energy providers, as part of the company’s balanced strategy for meeting the growing energy needs of 1.4 million households and businesses in the Carolinas. The company issued an open-ended request for renewable proposals in November 2007,... 

Progress Energy Sending Crews, Contractors to Assist in Ike Restoration

Progress Energy is sending more than 800 company and contract workers from the Carolinas and Florida to Texas to assist utilities there with expected damage and power outages from Hurricane Ike. The company’s deployment of 385 employees and 437 contract personnel is larger than deployments made in support of utilities in Louisiana and Texas after... 

Progress Energy Receives National Economic Development Award

Site Selection magazine has named Progress Energy one of North America’s Top Utilities for Economic Development for the sixth time in the last seven years. The magazine’s September 2008 issue selected Progress Energy as one of 10 winning utilities based on its success in helping to generate 7,405 new jobs and more than $766 million in capital... 

Progress Energy Responding to Outages from Hanna

A strong Tropical Storm Hanna came ashore at 3:20 a.m., bringing high winds and heavy rains to much of Progress Energy Carolinas’ service area, and the company has deployed hundreds of company and contract workers to restore service as quickly and safely as possible. As of 8 a.m., about 55,000 customers were without power. Most of those customers... 

Progress Energy Crews Heading East to Assist in Storm Restoration

Progress Energy crews from Western North Carolina are headed to coastal areas today to assist in restoring service from the expected effects of Tropical Storm/Hurricane Hanna. The storm is expected to make landfall near the N.C./S.C. border between 2 and 4 a.m. Saturday. Company line & service crews, as well as contract line and tree crews and...