The company also files annually to recover the costs of implementing programs designed to help reduce energy consumption and save customers money on their energy bills, and for costs associated with the utility's renewable energy investments.Under North Carolina's energy law passed in 2007, Progress Energy must provide an increasing percentage of energy sales from renewable resources. The requirement grows from 3 percent this year to 12.5 percent in 2021. The company has signed contracts to purchase energy from a number of solar photovoltaic arrays, biofuels facilities and other renewable sources, and continues to evaluate renewable energy opportunities.
Progress Energy Carolinas Residential Rates To Fall Dec. 1 In North Carolina
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