Sale of assets will reduce NCEMPA
outstanding debt by more than 70 percent
currently maintains partial ownership interest in several 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).
MATURE JOINT-ACTION AGENCY: NCEMPA
is a joint-action agency that has provided all-requirements bulk power supply since 1982.
Those benefits include long-term energy-related cost savings and increased fuel diversity, as well as expanded wholesale load being served by the utility through the new wholesale agreement with NCEMPA
We have been providing electric service to NCEMPA
members for more than 100 years, and we look forward to beginning this new chapter in our ongoing commitment to the communities of eastern North Carolina.
has a diverse power supply mix that is complimented with supplemental power purchases from Progress Energy Carolina (PEC).
currently maintains partial ownership interests in several 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).
Favorable license extension efforts at Brunswick Units 1 and 2 and Harris Unit 1 which provides financial flexibility to NCEMPA
participants own and operate their electric systems and serve nearly 270,000 retail customers.
Although it appears that NCEMPA
will not be as impacted as the neighboring investor owned utility.
For additional information, see the full Fitch report on NCEMPA
dated May 5, 2008, and available on the Fitch web site at www.
The company also secured Power Purchase Agreements for each of the projects, utilizing standard contracts made available to qualifying facilities by both Duke Energy-Progress and NCEMPA