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2008 REPORT TO SHAREHOLDERS
Global Climate Change: Challenges. Strategies. Actions.
Progress Energy’s new global climate change report details the company’s actions to confront the challenges of supplying reliable power to growing communities while addressing climate change. In addition to outlining the company’s initiatives, it calls for a national policy to reduce carbon emissions across all sectors of the economy.
The company issued its first global climate change report in 2006. The 2008 updated report provides a more specific company position on climate change policies, such as linking emissions reductions to development of available technology, and a more detailed analysis of renewable energy resource potential in its service territory. This report also compares the costs and carbon dioxide (CO2) emissions of different generation technologies and examines the potential impacts to customer rates under a cap-and-trade policy. In addition, a new detailed, strategic modeling chapter demonstrates the essential role of technology in reducing both CO2 emissions and economic impacts.
Progress Energy is pursuing a balanced strategy to address climate change while meeting demand growth that includes expanding energy-efficiency programs, investing in renewable and alternative energy resources and investing in state-of-the-art power plants.
Visit our Balanced Solution section to learn more:
 Click here to view the company’s first global climate change report to shareholders, issued in 2006.
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