Carolina Power & Light Company

Duke Energy Progress receives approval for new rates in North Carolina, implements new programs to help customers

Retrieved on: 
Friday, September 29, 2023
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Duke Energy Progress serves about 1.5 million customers in central and eastern North Carolina and in the Asheville region.

Key Points: 
  • Duke Energy Progress serves about 1.5 million customers in central and eastern North Carolina and in the Asheville region.
  • Duke Energy will also refer CAP customers to weatherization and energy efficiency services that can help provide long-term solutions to reduce energy usage.
  • For all customers, Duke Energy Progress has also established new time-of-use rate options and energy efficiency programs to help lower their costs and reduce energy use:
    Time-of-Use rates incentivize customers to shift electricity use to periods of low energy demand.
  • Duke Energy Progress, a subsidiary of Duke Energy, owns 12,500 megawatts of energy capacity, supplying electricity to 1.7 million residential, commercial, and industrial customers across a 29,000-square-mile service area in North Carolina and South Carolina.

Duke Energy files updated Carbon Plan to serve the growing energy needs of a thriving North Carolina

Retrieved on: 
Thursday, August 17, 2023
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The Carbon Plan Integrated Resource Plan (CPIRP) builds on the trajectory of the North Carolina Utilities Commission's (NCUC) 2022 Carbon Plan , which established a least-cost path to meet the carbon dioxide emissions reduction targets of House Bill 951, North Carolina's clean energy law.

Key Points: 
  • The Carbon Plan Integrated Resource Plan (CPIRP) builds on the trajectory of the North Carolina Utilities Commission's (NCUC) 2022 Carbon Plan , which established a least-cost path to meet the carbon dioxide emissions reduction targets of House Bill 951, North Carolina's clean energy law.
  • "This plan delivers a path to cleaner energy without compromising grid reliability, affordability or the energy demands of a growing region," said Kendal Bowman, Duke Energy's North Carolina president.
  • Duke Energy serves nearly 3.7 million households and businesses in North Carolina through two utilities, Duke Energy Carolinas (central and western North Carolina, including Charlotte, Durham and the Triad) and Duke Energy Progress (central and eastern North Carolina plus the Asheville region).
  • Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity.

Capital Power executes contracts for solar, natural gas and batteries and provides an update on the Genesee Repowering Project

Retrieved on: 
Thursday, June 29, 2023
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“Maple Leaf Solar is our fourth solar development project, leveraging our established expertise in building power projects.

Key Points: 
  • “Maple Leaf Solar is our fourth solar development project, leveraging our established expertise in building power projects.
  • We see attractive growth opportunities in North Carolina where we have six additional well-positioned solar development sites totalling approximately 270 MW.
  • In Ontario, the five contracts reaffirm Capital Power’s approach to meeting growing electricity demand.
  • “Furthermore, the deployment of BESS solutions on existing natural gas sites demonstrates the strategic value of these sites for new technologies beyond simply natural gas generation.”

SEEM Board Meeting and Annual Meeting of Participants and Stakeholders to be held May 25

Retrieved on: 
Tuesday, May 16, 2023
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ATLANTA, May 16, 2023 /PRNewswire/ -- The Southeast Energy Exchange Market (SEEM) will hold its Board Meeting and Annual Meeting of Participants and Stakeholders on May 25, 2023 at 3:00 pm ET.

Key Points: 
  • ATLANTA, May 16, 2023 /PRNewswire/ -- The Southeast Energy Exchange Market (SEEM) will hold its Board Meeting and Annual Meeting of Participants and Stakeholders on May 25, 2023 at 3:00 pm ET.
  • The entire meeting will be available through a live webcast of the conference call by clicking on the appropriate audio link.
  • The Stakeholders and Participants portion of the meeting will immediately precede the Members portion.
  • SEEM is a simple but powerful structure designed to facilitate intra-hour transactions utilizing unused transmission capacity to achieve cost savings.

Duke Energy begins operating the largest battery system in North Carolina

Retrieved on: 
Thursday, March 30, 2023
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CHARLOTTE, N.C., March 30, 2023 /PRNewswire/ -- Duke Energy is expanding its battery storage capabilities in North Carolina and has begun commercial operation of the state's largest battery system, an 11-MW project in Onslow County.

Key Points: 
  • CHARLOTTE, N.C., March 30, 2023 /PRNewswire/ -- Duke Energy is expanding its battery storage capabilities in North Carolina and has begun commercial operation of the state's largest battery system, an 11-MW project in Onslow County.
  • "Battery storage is an important resource for our transition to cleaner energy," said Kendal Bowman, Duke Energy's North Carolina state president.
  • Both projects are connected to a Duke Energy substation and will be used to serve all Duke Energy Progress customers.
  • In the city of Asheville, a 9-MW lithium-ion battery system is operating next to a Duke Energy substation in the Shiloh community.

Five years of tracking Southern utility solar policies show growth, potential for progress

Retrieved on: 
Wednesday, December 21, 2022
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Rates of Solar enables individual customers to determine whether their utility is encouraging or impeding access to solar and provides a comprehensive picture of utilities' policies regionwide.

Key Points: 
  • Rates of Solar enables individual customers to determine whether their utility is encouraging or impeding access to solar and provides a comprehensive picture of utilities' policies regionwide.
  • "Tracking utility solar policies in the South over the last five years has given us a very clear picture of both the progress and roadblocks to date," said Kysor.
  • "Many utilities have implemented good solar policies that lower customer electricity bills, create local jobs and advance the clean energy economy.
  • Others have opted for punitive policies that hurt their customers and the entire region by leaving solar potential untapped."

Multiple Customers Go Live With the PCI SEEMTrader Platform for Autonomous Power Trading in the Southeast Energy Exchange Market (SEEM)

Retrieved on: 
Thursday, November 17, 2022
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PCI SEEMTrader, an autonomous trading platform from PCI Energy Solutions , sprang into action at the first moment the Southeast Energy Exchange Market (SEEM) went live on Nov. 11, 2022.

Key Points: 
  • PCI SEEMTrader, an autonomous trading platform from PCI Energy Solutions , sprang into action at the first moment the Southeast Energy Exchange Market (SEEM) went live on Nov. 11, 2022.
  • Its an advanced and evergreen software that has been designed for modern user interface (UI) and user experience (UX).
  • Upon market clearing, SEEMTrader instantly computes the cost savings of the trades and provides real-time P&L performance feedback.
  • SEEM is a new market designed to enable the increased trading volumes necessary for the clean energy transition.

PSC Sets Public Hearing Dates for Duke Energy Progress Rate Increase Docket

Retrieved on: 
Wednesday, November 16, 2022
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This amount will increase by approximately $4.40 per month in Year 2."

Key Points: 
  • This amount will increase by approximately $4.40 per month in Year 2."
  • At the Commission's request, the Company filed a document on September 8th that outlined comprehensive impact details for consumers, which can be reviewed at this link .
  • Duke Energy Progress customers who wish to testify in this hearing may preregister in one of three ways:
    Email [email protected] with their name, telephone number, physical address, and whether the witness intends to testify in Bishopville, Sumter, or Florence.
  • For more information, please reach out to the Public Service Commission at [email protected] or at 803.896.5100.

SEEM launches operations supporting enhanced energy trading

Retrieved on: 
Wednesday, November 9, 2022
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The new SEEM platform will facilitate automated, sub-hourly trading, allowing participants to buy and sell power close to the time the energy is consumed, utilizing available unreserved transmission.

Key Points: 
  • The new SEEM platform will facilitate automated, sub-hourly trading, allowing participants to buy and sell power close to the time the energy is consumed, utilizing available unreserved transmission.
  • This advanced platform improves energy trading volumes, which will lower fuel costs for customers and reduce solar curtailments.
  • Founding members of SEEM include Associated Electric Cooperative, Dalton Utilities, Dominion Energy South Carolina, Duke Energy Carolinas, Duke Energy Progress, Georgia System Operations Corporation, Georgia Transmission Corporation, LG&E and KU Energy, MEAG Power, N.C. Municipal Power Agency No.
  • Four Florida energy companies - Duke Energy Florida, JEA, Seminole Electric Cooperative and Tampa Electric Company - have signed agreements to join as members of SEEM effective Jan. 1, 2023, and expect to initiate active energy trading in mid-2023.

SEEM Expands to Include Florida Entities

Retrieved on: 
Tuesday, October 11, 2022
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ATLANTA, Oct. 11, 2022 /PRNewswire/ -- Four Florida energy companies have signed agreements to join as members of the Southeast Energy Exchange Market (SEEM), effective Jan. 1, 2023.

Key Points: 
  • ATLANTA, Oct. 11, 2022 /PRNewswire/ -- Four Florida energy companies have signed agreements to join as members of the Southeast Energy Exchange Market (SEEM), effective Jan. 1, 2023.
  • Duke Energy Florida, JEA, Seminole Electric Cooperative and TECO Energy recently expressed their intent to join the expanded platform and expect active energy trading in mid-2023.
  • "We welcome these Florida entities and continue on track with market trials to prepare for market launch in the coming weeks."
  • With the addition of these Florida companies, the SEEM footprint would include 23 entities in parts of 12 states with more than 180,000 MWs (summer capacity; winter capacity is nearly 200,000 MWs) across two time zones.