NC GreenPower

2005 Duke Energy and Progress Energy provide funding for statewide nonprofit renewable energy program

Raleigh, N.C. — North Carolina’s largest investor-owned utilities,Duke Energy and Progress Energy, each presented checks for $25,000 to NC GreenPower, a non-profit organization working to encourage the development of renewable energy sources for the state’s power supply. The checks were presented today at theN.C. Utilities Commission during a review of NC GreenPower’s parent company, Advanced Energy, which was established by and reports to the Commission. Both utilities have made voluntary contributions to the program since its start date two years ago.

NC GreenPower is the nation’s first statewide, voluntary, multi-utility initiative to encourage the development of renewable energy sources. The program taps into technology that transforms renewable energy sources such as wind, sunshine and landfill and animal waste methane gas into safe and environmentally sustainable power, giving North Carolinians cleaner options for their energy sources. The N.C. Utilities Commission approved the NC GreenPower program plan in January 2003. NC GreenPower is a subsidiary of Advanced Energy, a Raleigh-based nonprofit corporation that helps utility, industrial and residential customers improve the return on their energy investment. Residential and business customers may voluntarily contribute tax-deductible funds that NC GreenPower will use to purchase power from renewable energy sources in the state. All renewable energy will be generated in North Carolina for the state’s electric supply. Customers also may sign up for the program by contacting their electric provider. All contributions made through the utilities are sent directly to NC GreenPower.

“We believe in providing energy choices for our customers in all the neighborhoods we serve across North Carolina,” said Sandra Meyer, group vice president of Duke Energy’s customer service, sales and marketing.

“Our focus is on our customers, and our partnership with NC GreenPower is helping to fulfill our mission to provide technological innovations to better serve the people and communities of North Carolina,” said Progress Energy President and Chief Executive Officer Fred Day.

Both electric utilities have been involved in the development NC GreenPower and are members of the program’s Board of Directors, along with stakeholders representing the state’s other electric utilities, as well as independent renewable energy suppliers and environmental and consumer advocacy groups. Before the program became operational two years ago, both utilities invested hundreds of thousands of dollars to put in place an infrastructure for receiving voluntary contributions from their residential and business customers.

Other corporate sponsors of the program include Dominion North Carolina Power, Eisai, GlaxoSmithKline, IBM, Lowe’s, N.C. Department of Justice — Attorney General’s Office, N.C. Department of Administration, State Energy Office, N.C. Electric Membership Corporation, N.C. Farm Bureau, N.C. Pork Council, Public Power, Research Triangle Institute, Smithfield Foods, T.S. Designs and U.S. Environmental Protection Agency.
— END —

NC GreenPower is a subsidiary of Advanced Energy, a Raleigh-based nonprofit, public benefits corporation that helps utility, industrial and residential customers improve the return on their energy investment.