Progress Energy’s newest power plant was officially commissioned into service today in Richmond County, N.C., in time for this week’s extreme temperatures. " />
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Press Release

06/01/2011

Progress Energy begins operation of new power plant in Richmond County

600-megawatt combined-cycle plant project finished under budget and in time for summer heat

RALEIGH, N.C. (June 1, 2011) - Progress Energy’s newest power plant was officially commissioned into service today in Richmond County, N.C., in time for this week’s extreme temperatures.  The new Power Block 5 at the Richmond County Energy Complex is a 600-megawatt combined-cycle unit that will be fueled primarily by natural gas.

The approximately $575 million project was completed on schedule and under budget. It provided up to 500 construction jobs at the peak of employment and added 11 permanent positions to the existing Richmond County Energy Complex.

We’re pleased that this project was completed with an exceptional safety record and began commercial operation on schedule and under budget,” said Lloyd Yates, president and chief executive officer of Progress Energy Carolinas. “Thanks to the hard work of the men and women who worked together on this major project, we have taken another significant step in modernizing our power system and ensuring a future of lower-emission, cost-effective and reliable electricity for our customers.

Power Block 5 has two dual-fuel combustion turbine generating units (capable of also running on fuel oil), two fired heat-recovery steam generator units and one steam turbine generating unit. This technology is extremely efficient as it captures waste heat generated from the combustion turbines and uses it to create steam to turn a turbine to generate more electricity with no additional fuel. Power Block 5 is one of two combined-cycle blocks located at the Richmond County Energy Complex. The previous one, Power Block 4, began operation in 2002. The company has operated combustion turbines at the site since 2001.

The Power Block 5 project also required Progress Energy to locate, design and build a new 64-mile-long 230-kilovolt transmission power line to deliver the electricity to its customers. This new line runs through Richmond, Hoke and Cumberland counties and is a significant upgrade to the reliability of the electric grid.

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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