Progress Energy 2006 Annual Report Download - page 12

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Our customer base is growing rapidly. And
so is energy demand. At Progress Energy, we
have a balanced approach for meeting that
demand so we can grow with our service area,
deliver reliable, cost-efficient power and bring
long-term results to our shareholders.
GROWING DEMAND. Progress Energy’s
service territories are among the fastest-growing
areas of the country. The company currently
serves approximately 3.1 million customers in the
Carolinas and Florida, adding more than 64,000
new customers last year alone.
In addition to population growth and economic
expansion, individual homes and power demands
are also increasing. The average size of a home in
the South has grown nearly 50 percent in the last
30 years.
To meet this growing demand, we expect to
add approximately 12,500 megawatts of new
generation by 2025. In fact, Progress Energy could
double its size over the next 15 years simply from
organic growth within our two utilities.
OUR BALANCED APPROACH. With this
growing demand comes the opportunity to explore
and develop the best energy solutions for the future.
At Progress Energy, we believe in a balanced mix of
energy efficiency, renewable energy, upgrading of
existing plants and construction of new power plants.
We anticipate increased consumer interest in
energy efficiency and smart energy choices as well
as greater need for us to help manage both energy
10
THE ROAD AHEAD
Where We Are Going