City of Maitland approves new franchise with Progress Energy

MAITLAND, Fla., Aug. 22 /PRNewswire-FirstCall/ — The Maitland City Council voted Monday to formally approve a new 30-year electric utility franchise agreement with Progress Energy Florida.

“We are pleased the council has reaffirmed our nearly 90-year partnership with Maitland,” said Billy Raley, vice president of Progress Energy Florida’s North Central Region. “Our customers in Maitland want reliable service, competitive rates and a company that cares about their community. We are pleased this agreement meets their needs, now and in the future.”

Progress Energy Florida has signed new franchise agreements with 35 cities and towns since 2001, including Oviedo, Lake Mary, Longwood, Apopka, and Casselberry in Central Florida.

Through its franchise, Progress Energy Florida serves more than 7,000 customers in Maitland. A franchise is an agreement between a municipality and Progress Energy that describes how the company will work within a city’s public rights of way. The agreement authorizes Progress Energy to collect and remit to the city revenues, often referred to as a franchise fee, which the city may use for a variety of purposes.

About Progress Energy

Progress Energy Florida, a subsidiary of Progress Energy, provides electricity and related services to more than 1.5 million customers in Florida. The company is headquartered in St. Petersburg, Fla., and serves a territory encompassing over 20,000 square miles including the cities of St. Petersburg, Clearwater, as well as the Central Florida area surrounding Orlando. For more information about Progress Energy, visit the company’s Web site at http://www.progress-energy.com.

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