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Progress Energy Service Company

Optimized Energy Value Chain

Abstract

Progress Energy Service Company's (Progress Energy's) Optimized Energy Value Chain project involved deployment of advanced metering and distribution automation systems. The project implemented two-way communications to allow Progress Energy to manage, measure, and verify targeted demand reductions during peak periods. New information and communications systems capture commercial and industrial (C&I) meter data for billing and future implementation of new pricing programs and service offerings. Progress Energy implemented a distribution management system, automated switching, and integrated voltage and reactive power control to reduce line losses and improve service reliability. The project also installed advanced transmission systems, including on-line monitoring equipment on key and "at-risk" transmission substations and transformer banks. In addition, Progress Energy installed 255 electric vehicle charging stations in the Carolinas and Florida service territories.

Contact Information

At-A-Glance
Recipient: Progress Energy Service Company (Optimized Energy Value Chain)
HQ State: North Carolina
NERC Region: SERC
Total Budget: $526,585,524
Federal Share: $200,000,000
 
Funding Program:
Project Type:
 
Equipment:
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