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Press Release

09/12/2011

Progress Energy Carolinas offers free home charging equipment for electric vehicles

New research project is funded by a grant from the Department of Energy

RALEIGH, N.C. (Sept. 12, 2011) – Progress Energy Carolinas is providing 150 residential customers with plug-in electric vehicle (PEV) charging equipment as part of a new research project. Launched today in North Carolina, the Plugged In Program will provide the charging stations at little or no cost to help the company better understand their impact on the electric utility system.

“Plug-in electric vehicles will be rolling off local dealer lots in the near future and our infrastructure will be ready for them,” 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 residential customers in North Carolina who have acquired a plug-in electric vehicle can apply by signing up online at www.progress-energy.com/plugin or calling 1.888.810.0399. Applications will be considered on a first-come, first-served basis. Upon state regulatory approval, the program will also be open to South Carolina residential customers. 

The Plugged In Program is funded through a smart-grid grant from the U.S. Department of Energy as part of the American Recovery and Reinvestment Act of 2009. The grant will cover the cost of the equipment and up to $1,500 of installation costs for a “Level 2” charging station at a customer’s home. Customers will continue to pay for the electricity used to charge their vehicle.

Level 2 charging utilizes a 240-volt circuit instead of a standard 120-volt home outlet (Level 1). A Level 2 charging station can charge a plug-in electric vehicle 3-5 times faster than a Level 1 outlet and provides additional safety due to the hardwired installation.

Progress Energy Carolinas will own and maintain the charging equipment for the duration of the research project, which ends April 27, 2013. Ownership and maintenance responsibilities will transfer to the customer at the conclusion of the research project. For more information on the terms and conditions, please visit www.progress-energy.com/plugin.

Progress Energy Carolinas has one of the nation’s most advanced utility PEV programs. The company has a research fleet that includes six Chevy Volts, several Prius plug-in hybrid electric vehicles (PHEVs), a Ford Escape PHEV and the Southeast’s first plug-in hybrid electric bucket truck. In addition, the company has partnerships with several automakers including General Motors, Nissan and Ford. It is a founding member of Project Get Ready, an initiative aimed at helping municipalities prepare for PEVs, and a founding sponsor of NC State University’s Advanced Transportation Energy Center.

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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Progress Energy – 24-Hour Media Line 877.641.NEWS (6397)
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