Progress Energy’s Efficiency Incentive Program Approved

RALEIGH, N.C. – Progress Energy has received approval from the N.C. Utilities Commission for a new program that offers customers a variety of incentives for energy-efficiency improvements to existing homes.

The Home Energy Improvement Program, which Progress Energy proposed in November 2008, offers rebates for home improvements such as heating and cooling upgrades, duct testing and repair, energy-efficient window installation, attic insulation and air sealing. Customers will be able to select from a list of pre-qualified contractors across the state to perform the work.

The Home Energy Improvement Program will launch in July and will be available to North Carolina customers in single-family, multi-family, and manufactured homes. Progress Energy plans to offer the program to South Carolina customers later this year.

A similar program targeted to commercial, industrial and government customers launched on April 23. Customers can learn more about the Home Energy Improvement Program at www.progress-energy.com/heip.
Progress Energy has made a commitment to double customer energy efficiency to 2,000 megawatts (MW) through demand-side management and energy-efficiency programs. Increasing the amount of efficiency from customers helps to delay the need for new power plants. The company plans to file additional programs in the coming months, including enhanced efficiency for low-income households and discounts for compact fluorescent light (CFL) bulbs.

The company also provides efficiency information and tips through the Save The Watts campaign. Save The Watts is an educational initiative that features a highly interactive Web site (www.savethewatts.com) with energy-efficiency program details and more than 100 useful tips for customers to save energy and money.

Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida. The company has earned the Edison Electric Institute’s Edison Award, the industry’s highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder’s Award for customer service. The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. Progress Energy celebrated a century of service in 2008. Visit the company’s Web site at www.progress-energy.com.

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