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Press Release

01/18/2012

North Hills, Progress Energy Carolinas to unveil electric vehicle charging stations

Two plug-in vehicle charging stations open for public use at North Hills beginning Jan. 21
 
RALEIGH (Jan. 17, 2012) – Progress Energy Carolinas has installed two plug-in electric vehicle (PEV) charging stations at North Hills, as part of its commercial charging station research program. North Hills is the first mixed-use property to participate in this program.

North Hills will host a ribbon-cutting ceremony for the two stations Saturday, Jan. 21, at 11 a.m., in the parking lot of North State Bank at North Hills. Representatives from Progress Energy and Kane Realty Corporation, the developer of North Hills, will cut the ribbon. This will officially mark the opening of the charging stations for public use. Immediately following the unveiling, Progress Energy will have public ride and drives in a Nissan LEAF and Chevy Volt until 2 p.m.

“We are delighted to have the charging stations at North Hills. In just a few hours, you can recharge your car while you enjoy a movie, massage, workout, dinner or shopping with a friend,” said John Kane, Chairman and CEO of Kane Realty Corporation. “North Hills will continue to be innovative with green initiatives complimenting our electric cars for free internal transportation, rooftop solar system and our LEED Gold CAPTRUST Tower.”

These are level-2 charging stations, which means they use a 240-volt circuit instead of a standard 120-volt home outlet. A level-2 charging station is capable of providing 10 to 20 additional miles of electric range per hour of charging and provides additional safety due to the hardwired installation.

Progress Energy Carolinas has now provided six public access charging stations in the Triangle. Others are located at The Umstead Hotel and Spa in Cary, and Central Carolina Community College in Pittsboro. The first commercial charging stations in the company’s program were installed in September 2011. Although most vehicle charging will occur at home, access to public charging infrastructure will increase the number of miles traveled on electricity and help pave the way for the mass adoption of plug-in vehicles.

“Our goal with this program is to enable the early adoption of plug-in electric vehicles and to collect data that will help us to ensure our infrastructure is ready for the eventual widespread use of these vehicles,” said Lloyd Yates, president and chief executive officer of Progress Energy Carolinas. “This research project gives us insight into the electric system’s state of readiness to accommodate vehicle charging equipment, which will help us as we transform into the transportation fuel providers of the future.”

Progress Energy Carolinas plans to install about 40 additional stations at commercial customer locations as part of its comprehensive load-research program. Data collected from the stations will help the utility evaluate charging needs outside the home, impact on the grid and the costs and issues associated with installing public-access charging stations. These insights will help the utility better plan for the large-scale adoption of plug-in vehicles. The program is partly funded through a smart grid grant from the U.S. Department of Energy as part of the American Recovery and Reinvestment Act of 2009.

Progress Energy Carolinas will own and maintain the charging equipment for the duration of the research project, which ends in April 2013. Ownership and maintenance responsibilities will transfer to the commercial customers at the conclusion of the research project.

About Kane Realty Corporation
Focused on the development and management of retail and mixed-use properties of the highest quality, Kane Realty Corporation is passionate about creating irresistible places where people will naturally want to gather.  Focus on smart growth and meticulous attention to detail in every aspect of the property from design to management garners continuous accolades and awards from civic and peer organizations of every type.  Kane’s mission is to build places that improve the quality of life for businesses, their employees, residents and visitors.  For more information, please visit
www.kanerealtycorp.com.

About North Hills
North Hills, a mixed-use multi-block district known as Raleigh's Midtown, is the recipient of numerous awards and accolades for its pedestrian-friendly and sustainable design which has made it one of America's premier in-fill developments. Centrally located at the corner of one of Raleigh's main thoroughfares and the I-440 beltline, North Hills is a 100-acre destination of sophisticated living, luxury hotel rooms, class A office space, a continuing care retirement community, green space, a 14-screen movie complex and entertainment venues, premier dining, salons and day spas, high-end boutiques, national retail, and a state-of-the-art 60,000 square foot athletic club. For more information, please visit
www.NorthHillsRaleigh.com

About Progress Energy
Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 22,000 megawatts of generation capacity and approximately $10 billion in annual revenues. Progress Energy includes two major electric utilities that serve about 3.1 million customers in the Carolinas and Florida. 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 Associates Founder's Award for customer service. The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. Progress Energy celebrated a century of service in 2008. Visit the company’s website at
www.progress-energy.com.

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Media contacts:   
Patrice Bethea                                Progress Energy 24-Hour Media Line
(919) 719-5419                                 1.877.641.NEWS (6397
pbethea@kanerealtycorp.com

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