June 7, 2002—CP&L, a subsidiary of Progress Energy, recently filed a proposal with the North Carolina Utilities Commission that would allow its 1 million North Carolina customers to purchase electricity from renewable energy sources. This effort, the NC GreenPower Program, will be the first statewide program of its kind in the United States.
Customers selecting the green power option will pay an additional $4.00 per month for a 100 kilowatt-hour block of electricity generated from renewable resources. The renewable resources include solar, wind, small hydroelectric, and biomass. Customers can select to purchase one or more blocks per month. Funds collected through the program will be transferred directly to the NC Advanced Energy Corporation, the statewide program administrator, for the support of generators of energy from renewable resources selected to participate in NC GreenPower. If the CP&L program is approved, customers will be able to sign up for the program beginning six months after the approval date.
