Progress Energy enters North Carolina loan agreement

North Carolina Eastern Municipal Power Agency (NCEMPA) has signed a new supplemental load agreement with Progress Energy (NYSE: PGN) for 2018 to 2031. Under the new agreement, NCEMPA will purchase the additional power necessary to meet the energy needs of its 32 members beyond that supplied by the generation facilities it currently owns.

According to Progress Energy, the agreement was entered after an extensive review of numerous proposals. The long-term agreement with Progress Energy was the lowest-cost option.

Read more Business news.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...