FastFacility Profiles

Progress Energy - North Carolina
410 S. Wilmington St.
Raleigh, NC 27601

Teresa Bray


Link to Properties

Progress Energy’s Economic Development team has a reputation for going the extra mile to assist companies expanding or relocating in the Carolinas and Florida. That’s just one of the reasons Progress Energy has been recognized as one of the “Top Utilities for Economic Development” by Site Selection magazine. Our experienced team is pleased to offer a wealth of specialized services and assistance designed to save companies time and money in every aspect of the site selection process.

When serving as a single point of contact with a company or consultant or as part of the local or regional team, our value-added services include:
• Energy expertise/information on cost-reduction
• Speculative Building Program/Site information
• Financial resources for infrastructure development
• Marketing and research assistance
• Confidential site location assistance
• Available sites and buildings inventory
• Consultant and targeted company sales calls
• Nationwide economic development network
• Established relationships with existing industries and key strategic partners.

The areas we serve with our core business—the Carolinas and Florida—have some of the best economic indicators and growth rates in the United States. The service territory’s world-class industry presence, universities and research centers, innovative worker training programs and supportive business environment make it an ideal location for companies. Business opportunities, geographic appeal and quality of life continue to draw companies and people.

Progress Energy Carolinas, a subsidiary of Duke Energy, provides electricity and related services to nearly 1.5 million customers in North Carolina and South Carolina. The company is headquartered in Raleigh, N.C., and maintains a diverse generation fleet of more than 12,200 megawatts in owned capacity. PEC serves a territory encompassing more than 34,000 square miles, including the cities of Raleigh, Wilmington and Asheville in North Carolina and Florence and Sumter in South Carolina.

Progress Energy has earned the Edison Electric Institute’s Edison Award, the industry’s highest honor, in recognition of operational excellence. The company is also the first utility to receive the prestigious J.D. Power and Associates Founder’s Award for customer service and remains in the top quartile nationally in the latest J.D. Power Electric Utility Residential Customer Satisfaction Survey.

Progress Energy is pursuing a balanced strategy for a secure energy future. That balance includes aggressive energy efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. The result is clean, reliable, affordable power for customers today and tomorrow.

The new Duke Energy, which is the product of a merger with Progress Energy, is the largest electric power holding company in the United States with more than $100 billion in total assets. Its regulated utility operations serve more than 7 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international business segments own and operate diverse power generation assets