Progress Energy 2007 Annual Report Download - page 11

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DEVELOPING VIABLE ALTERNATIVES. The second component of our
Balanced Solution strategy is increased support for alternative energy. By
working collaboratively with all stakeholders,
from scientists to entrepreneurs, we are devel-
oping exciting and feasible alternative energy
options – options that make sense for the environment and our bottom line.
PURSUING NEW TECHNOLOGIES, NEW OPTIONS. Progress Energy
is committed to increasing the proportion of renewables in our generation
portfolio to help offset the need for new power plants, reduce greenhouse
gas emissions and further the development of reliable and affordable
alternative energy options for the future. In 2007, we issued a request for
proposals, seeking viable, cost-effective renewable energy projects. Some
of the options we’re considering include solar photovoltaic, hydrogen, hydro-
power, geothermal, landfill methane gas and biomass such as poultry or hog
waste. In the Carolinas, we are buying up to 1 million megawatt hours of
renewable energy from various sources – equivalent to the annual needs
of about 70,000 households. In Florida, we have invested in several new
options, including three promising biomass projects from which we expect to
buy 267 megawatts of electricity over 20 years.
WORKING WITH OUR CUSTOMERS. Many of today’s customers want
tangible ways to support environmentally friendly solutions. In Florida, we
recently added an incentive for solar water heating to our popular EnergyWiseSM
program. Customers can save up to 85 percent on their water heating costs
while reducing electrical demand and eliminating more than 25,000 pounds of
carbon dioxide emissions over 20 years. Renewable energy sources such as
this are a critical part of how we’re meeting the new expectations of today’s
customers and securing a stronger energy future for us all.
In 2007, Progress Energy was
named to the Dow Jones
Sustainability Index for the third
straight year.
Progress Energy is taking our
alternative energy message to
the streets with hybrid bucket
trucks and other fuel-efficient,
low-emissions vehicles.
We’re supporting tomorrow’s
energy leaders today with energy
education grants and our new
SolarWise for Schools program.
Supporting alternative energy is
one of the smartest, most sus-
tainable ways to continue deliv-
ering clean, reliable, affordable
power today – and tomorrow.
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