Earlier today, Duke Energy Progress and the North Carolina Eastern Municipal Power Agency (NCEMPA) announced an agreement for Duke Energy Progress to purchase the Power Agency’s ownership in certain generating assets. Under the agreement, Duke Energy Progress and NCEMPA will enter into a 30-year wholesale power supply agreement to continue meeting the needs of NCEMPA customers currently served by the Power Agency’s interest in Duke Energy Progress’ plants, including Brunswick Nuclear Plant Units 1 and 2 (Brunswick County), Mayo Plant (Person County), Roxboro Plant Unit 4 (Person County) and the Harris Nuclear Plant (Wake County).

NCEMPA consists of 32 cities and towns in eastern North Carolina, including some of the largest cities in the region. This agreement will lower energy cost for communities of eastern North Carolina, positively impacting a part of the state where high energy costs have negatively affected economic development and growth. Lower energy costs in these areas will help level the playing field to attract, create and retain jobs.

Read the full press release.

Gary J. Salamido
Vice President, Government Affairs
North Carolina Chamber