Progress Energy 2006 Annual Report Download - page 13

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11
supply and demand. As we pursue
the aggressive expansion of our
energy-efficiency programs, we
are aligning our strategy with our
customers’ best interests.
We are actively supporting
the development of innovative
renewable energy technologies,
including plants fueled by landfill
gas and animal waste, as well as
cutting-edge solar and hydrogen projects.
We are also modernizing our existing
plants and considering plans to build new
power plants. In 2006, we announced plans to
potentially construct new nuclear plants in
North Carolina and Florida. These large capital
investment projects are a major part of our
long-term strategy for meeting our customers’
needs and building value for our investors.
STRONG PLATFORM FOR FUTURE
GROWTH.This is a time of great opportunity
and possibility for Progress Energy. We
are positioned to lead the industry in the
pursuit of the most efficient, affordable
and innovative solutions to our growing
communities’ energy needs.
Now, more than ever, our path is
clear and our momentum is growing. And
we are excited to have you with us as we
move forward on
The Road Ahead.
ENERGY FOR THE FUTURE.
The complex energy needs of the future
require a balanced approach. Progress
Energy is enhancing energy-efficiency
programs and investing in new
generation options and alternative-
energy sources. In 2006, we signed a
25-year contract to purchase power
generated using environmentally
friendly e-grass, reducing our need
for coal by nearly 9 million tons and
cutting air emissions significantly.
Amy Dorsett (left), energy efficiency specialist, gives energy-saving tips
during one of the 50,000 free Home Energy Checks we provide each year.