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October 04, 2015 4:37 AM ET

Electric Utilities

Company Overview of Duke Energy Progress, LLC

Company Overview

Duke Energy Progress, LLC generates, transmits, distributes, and sells electricity in North Carolina and South Carolina. The company generates power from coal, nuclear, oil and gas, and hydroelectric resources. It supplies electric service to residential, commercial, and industrial customers. The company was founded in 1899 and is based in Raleigh, North Carolina. Duke Energy Progress, LLC operates as a subsidiary of Progress Energy Inc.

410 South Wilmington Street

Raleigh, NC 27601-1748

United States

Founded in 1899





Key Executives for Duke Energy Progress, LLC

Chief Executive Officer and Director
Age: 55
Chief Financial Officer and Executive Vice President
Age: 56
Executive Vice President of Regulated Utilities and Director
Age: 54
Chief Accounting Officer, Vice President and Controller
Age: 40
Controller of Progress Energy & Florida Progress
Age: 54
Compensation as of Fiscal Year 2015.

Duke Energy Progress, LLC Key Developments

Duke Energy Progress Plans to Invest $37 Million to Enhance Reliability in Jacksonville, N.C

Duke Energy Progress has announced plans to construct a new transmission line to serve the Jacksonville area. The utility's $37 million investment includes construction of a 230-kilovolt (kV) transmission line between its existing Jacksonville substation, located off of Gum Branch Road, and a future Grants Creek substation adjacent to Old 30 Road. The line will be approximately 14 miles long. Construction is expected to begin in late 2017 and is targeted for completion in July 2020.

North Carolina Department of Utilities Commission Issues Order to Duke Energy Progress, Inc. on Motion to Compel

On June 25, 2015, Duke Energy Progress Inc. filed a Motion to Compel in the above-captioned proceeding requesting that the North Carolina Department of Utilities Commission direct complainant to provide full responses to Duke Energy's First Data Request, which is dated May 22, 2015. Duke Energy asserts that the information sought in its discovery request is likely to lead to the discovery of admissible evidence and is needed to further assist it in responding to complainant's reply to Duke Energy's motion to dismiss. On July 6, 2015, complainant filed a response to Duke Energy Progress Inc. motion to Compel. Complainant provided some of the requested information in and add to his response, but objected generally to Duke Energy Progress Inc. data request on grounds that the information sought is not discoverable, relevant or reasonably calculated to lead to the discovery of admissible evidence. Complainant further asserts that the requests are overly broad and unduly burdensome. Finally, complainant asserts that any information obtained by respondent concerning Craig Brim would be hearsay.

Duke Energy Carolinas and Duke Energy Progress Issues RFPs for Utility-Scale, Rooftop Solar PV Capacity in South Carolina

Duke Energy Corp. on Aug. 20, 2015 announced that it has issued two requests for proposals to procure about 53 MW AC of utility-scale solar photovoltaic capacity and up to 5 MW of rooftop solar PV capacity in its South Carolina service territory. Under the first RFP, Duke Energy Carolinas LLC is seeking approximately 40 MW AC solar PV capacity and Duke Energy Progress LLC is seeking approximately 13 MW AC solar PV capacity to be in-service by the end of 2016. Under the second RFP for the company's shared solar program, Duke Energy Carolinas is seeking a total of 4 MW AC and Duke Energy Progress is seeking up to 1 MW AC of rooftop or ground-mounted solar PV capacity and all associated renewable attributes. The RFP requires that at least one project be in-service by July 15, 2016, for each jurisdiction. Duke Energy announced that it will offer rebates to customers who install rooftop or small-scale solar on their property. Customers can sign up for rooftop rebates beginning Oct. 13 for arrays installed since Jan. 1. The RFP event closes at 5 p.m. ET on Oct. 13. Under the RFPs, utility-scale projects should be greater than 1 MW and no more than 10 MW in capacity, while rooftop or ground-mounted solar projects should be greater than 250 kW and no more than 1 MW of capacity.

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