Progress Energy Florida seeks to expand renewable energy sources

Jul 19, 2007, 01:00 ET from Progress Energy Florida

    ST. PETERSBURG, Fla., July 19 /PRNewswire/ -- Progress Energy Florida
 is issuing a request for renewables (RFR) to expand the company's renewable
 portfolio, to provide cost-effective renewable energy to its customers, and
 to offset the need for new power plants.
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     Progress Energy wants to identify and participate in cost-competitive
 renewable energy to reduce Florida's dependence on fossil fuels. Progress
 Energy is seeking information, contacts, questions, and potential contracts
 from all sources. Renewable energy is a key component in the company's
 long- term balanced approach to meet growing energy demand, which also
 includes energy efficiency and state-of-the-art power plants.
     "We are continually looking for newer, cleaner ways to produce energy,"
 said Jeff Lyash, president and CEO of Progress Energy Florida. "The
 continued development of renewable energy has been part of our balanced
 approach to meeting growing customer demand for years, and it will play a
 vital role in Florida's energy future."
     This strategy is consistent with Gov. Charlie Crist's recent executive
 order suggesting a 20 percent renewable portfolio standard for utilities.
     To be considered, renewable energy projects must:
     -- Use renewable fuels, such as hydrogen, biomass, solar, geothermal,
        wind, ocean energy, hydroelectric power, or waste heat from a
        commercial or industrial manufacturing process.
     -- Be located in Florida.
     -- Be fully operational by Jan. 1, 2013.
     -- Sell its electrical output to Progress Energy Florida at a cost equal
        to or below the cost to build new power plants.
     -- Be capable of producing at least 1 MW of electric capacity. The company
        will consider smaller projects under certain conditions. Contact the
        company for more information.
     -- Be capable of running in a predictable and reliable manner.
     In addition, the company is looking to expand its solar energy programs
 and is seeking prices for photovoltaics. Progress Energy will be launching
 its photovoltaics for schools program in August. The company also is
 seeking pricing for its solar-thermal water-heating initiative for
 residential customers.
     Progress Energy has two types of renewable energy contracts that have
 been pre-approved by the Florida Public Service Commission: as-available
 contract or a standard offer contract.
     For more information about the RFR, to learn more about the two types
 of contracts, or to submit information about a project, visit .
     Last year, Progress Energy signed a contract with the Biomass
 Investment Group to purchase the energy output (130 MW) from the nation's
 largest biomass plant to be built in Central Florida. The project will
 reduce carbon emissions by more than 20 million tons over the 25-year life
 of the contract when compared to coal.
     Earlier this year, the company launched an innovative solar-energy
 initiative that offers customers rebates and incentives to install a solar-
 thermal water heater. Customers can save up to 85 percent on the hot-water
 portion of their electric bill, which equates to a savings of $200 to $300
 yearly for an average family.
     Progress Energy offers some of the nation's most innovative and
 successful energy-efficiency programs. The company launched its "Save the
 Watts" campaign last month to raise customer awareness of programs to save
 money and reduce energy use. Since 1981, Progress Energy Florida customers
 have saved nearly $825 million in energy costs and eliminated nearly 7
 million tons of carbon dioxide through participation in energy-efficiency
     In May, Gov. Crist helped dedicate Florida's first hydrogen fueling
 station - a partnership between Progress Energy, Ford Motor Company,
 Chevron, and the state. The station is located near the Orlando
 International Airport and will fuel eight Ford V-10, E-450 hydrogen-powered
 shuttle buses.
     "We recognize the importance of the continued development of renewable
 technologies and innovative energy-efficiency programs," Lyash said. "If
 you are in the business of developing renewable energy technologies, we
 want to talk with you."
     Alternative energy and energy efficiency currently account for 5
 percent of Progress Energy's energy portfolio.
     Progress Energy Florida, a subsidiary of Progress Energy (NYSE:   PGN),
 provides electricity and related services to nearly 1.7 million customers
 in Florida. The company is headquartered in St. Petersburg, Fla., and
 serves a territory encompassing more than 20,000 square miles including the
 cities of St. Petersburg and Clearwater, as well as the Central Florida
 area surrounding Orlando. Progress Energy is the 2006 recipient of the
 Edison Electric Institute's Edison Award, the industry's highest honor, in
 recognition of its operational excellence. In 2005, the company also
 received the prestigious J.D. Power and Associates Founder's Award for
 dedication, commitment and sustained improvement in customer service. For
 more information about Progress Energy, visit the company's Web site at

SOURCE Progress Energy Florida