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Back You are here: Home News Local and State News Local Progress Energy Carolinas Customers Set Peak Electricity Demand Record

Progress Energy Carolinas Customers Set Peak Electricity Demand Record

RALEIGH, N.C (July 27, 2012) – Progress Energy Carolinas, a subsidiary of Duke
Energy, announced that its customers set a peak electricity demand record Thursday,
as heat indices of up to 115 degrees had air conditioners churning through the
afternoon and evening.

In the hour ending at 5 p.m., customers used 12,738 megawatt-hours (MWh), or 12.7
million kilowatt-hours, of electricity. The hourly demand eclipsed the prior record
of 12,656 MWh, set Aug. 9, 2007.

Progress Energy Carolinas does not anticipate record-setting demand on Friday. Nor
does the company anticipate problems meeting customer demand during this period of
high temperatures. Cooler temperatures are forecast next week.

Higher energy usage means higher seasonal energy bills. Progress Energy Carolinas
urges customers to take control of their energy use with energy-saving tools, tips
and incentives available at www.progress-energy.com/save.

Progress Energy Carolinas customers also can avoid summertime spikes in energy bills
by participating in the Equal Payment Plan. While there is no cost savings with this
option, the Equal Payment Plan provides predictable payments to help customers
better budget their energy dollars. The monthly bill is the same in July as it is in
October. To learn more, visit www.progress-energy.com and search Equal Payment Plan,
or call 800-452-2777.

Progress Energy Carolinas, a subsidiary of Duke Energy, provides electricity and
related services to nearly 1.5 million customers in North Carolina and South
Carolina. The company is headquartered in Raleigh, N.C., and maintains a diverse
generation fleet of more than 12,200 megawatts in owned capacity. PEC serves a
territory encompassing more than 34,000 square miles, including the cities of
Raleigh, Wilmington and Asheville in North Carolina and Florence and Sumter in South
Carolina.

Progress Energy Carolinas announces accelerated coal plant closings
Plan now includes retirement of utility’s only coal-fired plant in S.C.

RALEIGH, N.C. (July 27, 2012) – Progress Energy Carolinas, a subsidiary of Duke
Energy, will accelerate the retirement of one North Carolina coal-fired power plant
previously slated for closing in 2013, and will retire the utility’s only coal-fired
unit in South Carolina.

The company announced today that the 316-megawatt (MW) Cape Fear coal-fired plant,
located near Moncure, N.C., and the 177-MW H.B. Robinson Unit 1 coal-fired plant,
located near Hartsville, S.C., will be retired Oct. 1, 2012. Both will remain online
through the summer season to help meet heightened electricity demand.

“These plants, and especially the men and women who have operated and maintained
them, have played a vital role in meeting customer energy needs reliably and
affordably for decades,” said Jeff Lyash, executive vice president of Energy Supply
for Duke Energy. “As we continue modernizing our generation system, we salute those
who have been instrumental in fueling our region’s economic growth so dependably.”

The Cape Fear Plant is the utility’s first coal-fired facility and was scheduled to
retire June 2013 as part of the company’s fleet-modernization plan, announced in
2009. Three oil-fired combustion turbines will continue to operate at the site after
the coal plant’s retirement.

The Robinson coal plant in South Carolina began operation in 1960 and is located on
the same site as the 724-MW Robinson nuclear plant. The decision to take the
52-year-old Robinson coal plant offline was made due to pending changes in
environmental regulations and other rising costs for smaller, older technology
plants. The cost of adding state-of-the-art emission controls on the small unit
would be hundreds of millions of dollars. And the potential for additional emission
regulations in the future would increase operating costs even further.

Other factors leading to the decision to retire the Cape Fear Plant and Robinson
Unit 1 in October 2012 include the anticipated early 2013 commercial operation of
new natural gas-fired generation at the H.F. Lee Plant near Goldsboro, N.C.,
continued low natural-gas prices and the success of the newly merged company’s
joint-dispatch process that utilizes generation across both Duke Energy Carolinas
and Progress Energy Carolinas to more efficiently meet customer needs.

Currently, Duke Energy Carolinas and Progress Energy Carolinas are moving about
1,000 MWs between them through the joint-dispatch agreement related to the July 2012
merger of Duke Energy and Progress Energy. Each megawatt-hour that flows between
these systems represents savings for the company’s customers and progress toward
meeting the company’s $650 million merger-related savings commitment.

The Robinson coal plant retirement does not affect the Robinson nuclear plant, which
is licensed for continued operation through 2030. Nor does it affect the company’s
other major generation in South Carolina, the 790-MW Darlington County Plant, which
is located near the Robinson plant and includes 13 combustion-turbine units fueled
by natural gas and oil.

Fleet modernization plan
On Oct. 1, 2011, the company retired the coal-fired W.H. Weatherspoon Power Plant
near Lumberton, N.C., the first retirement under the fleet-modernization plan. Other
plants slated for retirement include the H.F. Lee Plant near Goldsboro, N.C., in
September 2012 and the L.V. Sutton Plant near Wilmington, N.C., in late 2013.
Including the Robinson and Cape Fear plants, the retirements represent more than
1,600 MW, or approximately one-third of Progress Energy Carolinas’ coal-generating
fleet.

Progress Energy Carolinas has two projects under way to replace the retiring
coal-fueled generating capacity with plants fueled by natural gas. A new 920-MW
natural gas-fueled combined-cycle facility is under construction at the H.F. Lee
Plant site near Goldsboro. That project, including a gas pipeline extension, is
expected to begin commercial operation in January 2013.

At the Sutton Plant site near Wilmington, Progress Energy Carolinas is building a
gas-fueled combined-cycle plant with a generating capacity of 625 MW. That addition,
with a corresponding natural gas pipeline extension into southeastern North
Carolina, is expected to be online at the end of 2013.

In June 2011, the company completed the addition of 600 MW of natural gas-fueled
generation at the Sherwood H. Smith Jr. Energy Complex near Hamlet, N.C. (formerly
called the Richmond County Energy Complex).

Progress Energy Carolinas has worked to minimize job losses associated with the
fleet-modernization plan through employee retirements, the company’s voluntary
severance plan and by assisting employees with retraining and transfers to other
parts of the company.

In addition, as part of the fleet-modernization plan, the utility has invested more
than $1 billion in environmental technology to reduce emissions dramatically at
Progress Energy Carolinas’ remaining coal-fired plants – the Roxboro and Mayo plants
in Person County and the Asheville Plant in Buncombe County. Progress Energy
Carolinas will continue to operate those three coal-fired facilities after the
others are retired.

About Progress Energy Carolinas:
Progress Energy Carolinas, a subsidiary of Duke Energy, provides electricity and
related services to nearly 1.5 million customers in North Carolina and South
Carolina. The company is headquartered in Raleigh, N.C., and maintains a diverse
generation fleet of more than 12,200 megawatts in owned capacity. PEC serves a
territory encompassing more than 34,000 square miles, including the cities of
Raleigh, Wilmington and Asheville in North Carolina and Florence and Sumter in South
Carolina.
More information is available at www.progress-energy.com.



More information is available at www.progress-energy.com.