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Progress Energy Service Company

Optimized Energy Value Chain


Progress Energy Service Company’s (Progress Energy) Optimized Energy Value Chain project involves the deployment of advanced metering and distribution automation systems. The project aims at reducing peak loads, overall energy use, and operations and maintenance costs while improving distribution system efficiency, reliability, and power quality. The project implements two-way communications to: (1) allow customers to view their energy consumption through a Web portal, and (2) allow Progress Energy to manage, measure, and verify targeted demand reductions during peak periods. New information and communications systems capture meter data for billing and future implementation of new pricing programs and service offerings. The project includes a distribution management system, automated switching, and integrated voltage and reactive power control to reduce line losses and improve service reliability. The project involves installation of advanced transmission systems including on-line monitoring equipment on key and “at-risk” transmission substations and transformer banks. The project includes installation of up to 600 electric vehicle charging stations in the Carolinas and Florida service territories to encourage use of electric vehicles.

Contact Information

Recipient: Progress Energy Service Company (Optimized Energy Value Chain)
HQ State: North Carolina
Total Budget: $520,185,889
Federal Share: $200,000,000
Funding Program:
Project Type:
Targeted Benefits:
  • Reduced Costs from Distribution Line Losses and Equipment Failures
  • Reduced Electricity Costs for Customers
  • Reduced Operating and Maintenance Costs
  • Reduced Meter Reading Costs
  • Deferred Investment in Generation, Transmission, and Distribution Capacity Expansion
  • Improved Electric Service Reliability and Power Quality
  • Reduced Ancillary Service Cost
  • Reduced Greenhouse Gas and Criteria Pollutant Emissions
  • Reduced Truck Fleet Fuel Usage