Progress Energy’s Bill Johnson Talks About Climate/Energy Bill

Bill Johnson, chairman, president and CEO of Progress Energy issued a statement on the American Clean Energy and Security Act of 2009. The proposed legislation is sponsored by Rep. Henry Waxman (D-Calif.), chairman of the House Committee on Energy and Commerce, and Rep. Edward Markey (D-Mass), chairman of the House Subcommittee on Energy and Environment and the Select Committee on Energy Independence and Global Warming:

“We commend Chairmen Waxman and Markey for their efforts to approach the future of energy in a comprehensive and responsible way, which balances our shared objective for addressing global climate change with the need to protect consumers and ensure the continued reliability of the electric system that drives our economy. Our position on climate change has been to seek the biggest reduction in emissions at the lowest cost to consumers. Although the bill being debated has improved markedly in this regard, we must all understand that reducing carbon emissions will increase energy costs for all energy users in the future. We will continue to support positive changes that achieve emissions reductions while preserving our ability to provide reliable and affordable electricity to homes and businesses.”

Progress Energy, headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida.

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