NCEMPA selects CP&L for 2004-2006 supplemental power supply

RALEIGH, N.C., Oct. 29, 2001 – North Carolina Eastern Municipal Power Agency (NCEMPA), the power supplier to 32 Public Power Cities in Eastern North Carolina has chosen Carolina Power & Light Company (CP&L) as its supplemental power supplier.

NCEMPA’s current contract with CP&L expires December 31, 2003. This new contract will expire December 31, 2006. The Power Agency put out a Request for Proposals (RFP) late last year looking for a new supplemental power contract. They received 22 bids from 15 suppliers. The Power Agency worked through a short list of bidders in a lengthy process. CP&L provided the best opportunity and best arrangement for the eastern cities.

This contract means CP&L will provide additional power when needs exceed the capacity NCEMPA owns. The contract represents 25 to 30 percent of NCEMPA’s total energy needs or roughly 1,000 megawatts.

“This represents a great opportunity for our cities in the east,” said Jesse Tilton, CEO of ElectriCities, a Raleigh trade organization that provides management services to NCEMPA and Public Power Communities. “CP&L provided the best value for our member cities, and we look forward to this new power supply arrangement with them.”

“We are pleased to continue our longstanding relationship with NCEMPA and its member cities across our service area,” said Bill Cavanaugh, chairman, president and CEO of Progress Energy, parent company of CP&L. “This new contract reflects our ongoing commitment to providing reliable, effective and competitively priced electricity to our customers.”

CP&L is part of Progress Energy, a Fortune 250 diversified holding company headquartered in Raleigh, N.C., with more than 20,000 megawatts of generation capacity and $7 billion in annual revenues.

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