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Spring 2005 Newsletter

In this issue:

Progress Energy employees show support
for NC GreenPower

Progress Energy employees have added another distinction to the electric utility’s participation in the NC GreenPower. During 2004, Progress Energy employees pledged nearly $4,000 in individual contributions to the NC GreenPower program. Employee totals make their participation more than double the amount required for the program’s Supporter level of sponsorship.

The contributions were made through the Progress Energy Employee Giving Campaign, which is a matching gift program that includes a number of charitable organizations from which employees can elect to support.

Because employee contributions through the Campaign are eligible for a 50% matching donation from the Progress Energy Foundation, NC GreenPower received approximately $2,000 from that fund in addition to the $4,000 given by utility employees. Combined, the $6,000 pledge will fund the purchase of nearly 181,000 kWh of renewable energy generated in North Carolina and supplied to the state’s electrical grid. This generation will environmentally offset more than 375,000 pounds of carbon dioxide and is equivalent to planting 29,000 trees or 459,000 automobile miles not driven or 11,000 days not driven.

The strong support of Progress Energy employees not only will result in significant renewable energy generation in North Carolina, but also underscores the electric utility’s support of NC GreenPower.

“Managing environmental issues is an important part of our business every day, and our employees share that commitment,” said Fred Day, president and CEO of Progress Energy Carolinas. “We are proud to continue our partnership with NC GreenPower and support its efforts to improve our state’s environment.”

Progress Energy is one of several companies that include NC GreenPower in their matching gifts programs.

“Matching gifts are a great way to make your NC GreenPower participation go further,” said Carl Wilkins, corporate development manager for NC GreenPower. “It’s also a great way to get an employer involved in supporting renewable energy around the state. That benefits everyone.”

Individuals wishing to qualify their NC GreenPower contribution with their company’s matching gift program should contact their employer for more information.

Progress Energy is one of three investor-owned electric utilities statewide participating in the NC GreenPower program. Progress Energy also supports NC GreenPower through marketing and logistical support, renewable energy acquisition and distribution, and through direct financial sponsorship of the program. To date, Progress Energy has more than 1,750 NC GreenPower customers in its territory, subscribing nearly 3.5 million kWh of renewable energy per year.