Progress Energy 2004 Annual Report Download - page 15

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Please find page 15 of the 2004 Progress Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Pursuing new ways to cultivate our future. As a company that serves communities, we’re only as strong as
they are. That’s why we consider investments that improve the quality of life in our cities and towns so valuable.
Whether it’s supporting clean air or good teachers, creative partnerships or involved employees, we’re investing
in initiatives that will produce real returns, not just for communities, but for shareholders, too.
Progress Energy is committed to putting our environmental policy into practice every day. In connection
with the Clean Smokestacks Act of 2002, we’re spending approximately $895 million on technologies that
reduce emissions from our coal-fired generating plants in North Carolina, helping our plants run even
cleaner and protecting the air around them.
In 2004, we forged a long-term agreement with a manufacturer of wall and ceiling products to provide
high-quality synthetic gypsum for use in wallboard production. Synthetic gypsum is a byproduct of scrubbers,
one of the technologies we’re using to reduce emissions at our plants. It’s not only an innovative way to
protect our environment – the agreement will create approximately 200 jobs.
We expanded our Progress Energy Leadership Institute Program into Florida this year, with a grant of
$1 million to the University of Central Florida. Since 2001, 717 superintendents and principals in the Carolinas
and Florida have completed the program, which teaches the application of best business practices to the
academic world.
At Progress Energy, making thoughtful social and environmental investments will remain an important
part of our business in the coming years, not only because of the responsibility we have to our customers,
but because of the one we have to our investors.
focus sound strategy steady execution economic development community initiatives vision
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