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Press Release

06/30/2011

Progress Energy Carolinas seeks wind power projects

RALEIGH, N.C. (June 30, 2011) – Progress Energy Carolinas today issued a request for proposals (RFP) for electricity generated from wind resources. This request is part of the utility’s continual efforts to increase the amount of electricity purchased from renewable energy resources and is its first RFP focused only on wind power projects.

The company is seeking proposals from newly constructed or existing wind power projects for the supply of renewable electric power, energy and also renewable energy certificates (RECs) that comply with the requirements of North Carolina’s renewable energy and efficiency portfolio standard (REPS). There is a size minimum of 5 megawatts (MW) in the RFP. Facilities located in North Carolina are preferred, but others outside the state will be considered, provided the energy from the facility can be delivered to the Progress Energy Carolinas transmission grid. Details about bid requirements, important forms and contact information are online at www.progress-energy.com/renewableRFP.

Progress Energy is addressing the challenges of growing energy demand, rising costs and global climate change with a balanced strategy that includes aggressive energy efficiency, innovative renewable energy resources and a state-of-the-art power system. Progress Energy Carolinas has more than 100 MW of renewable energy under contract to comply with the REPS. The utility does not yet have any contracts for electricity generated from wind power.

Proposals received from qualified bidders will be evaluated based on cost and other attributes.  Proposals must be submitted electronically no later than 5 p.m. EDT July 25, 2011. Short-list determination, if applicable, is scheduled for Aug. 15. Contract negotiations are scheduled to be completed by the end of the third quarter.

The company’s commitment to renewable energy and REPS compliance strategy includes working with as many third-party developers as possible. This approach helps build the state’s renewable energy industry and allows the company to efficiently test the performance of various technologies in locations across the state.

Progress Energy Carolinas is also investing in a three-year study of the potential for offshore wind power in North Carolina. Led by the University of North Carolina at Chapel Hill, this is the most comprehensive mapping of offshore wind to date and will provide specific data and forecasting tools to help decision-makers plan for potential offshore wind power projects.


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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