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$16.6 Million Given to Upstate Organizations by AdvanceSC

November 13, 2006

Greenville, S.C. (November 13, 2006) – AdvanceSC has awarded more than $16.6 million in grants to Upstate organizations since its inception in 2004. The announcement was made this morning at BMW Manufacturing where 90 recipients were recognized for their work in helping to advance and assist Upstate communities.

AdvanceSC, which is funded with profits from Duke Energy’s Bulk Power Marketing program (BPM) and managed by an independent board of directors, issues grants to organizations that fall under one of four categories: economic development, education, manufacturing and/or public assistance.

The amount of funds granted to each category includes:

  • Education – $4.5 million to high school, technical and community colleges, and universities.
  • Economic Development – $5.2 million to economic development programs via existing partnerships, chambers of commerce and economic development organizations to attract new or expanding industries.
  • Manufacturing – $5.4 million to existing industrial customers to increase productivity, reliability, cost control, efficiency or to positively impact the environment.
  • Public Assistance – $1.5 million for public assistance through direct grants to Duke Energy’s Share the Warmth, Cooling Assistance and Fan Heat Relief programs.

“The board of AdvanceSC receives many applications from worthy organizations on a quarterly basis,” said Carol Burdette, president-elect of AdvanceSC. “All of our grant recipients share the goals Duke Energy used in establishing our organization, and we’re privileged to partner with them in order to benefit so many people in our community. It’s really rewarding to know that we are helping so many worthy people and organizations that make up our community.”

Burdette, who will assume the role of president from Bobby Hitt in 2008, also shared that the AdvanceSC board will introduce an online application process in 2007 as well as increased site visits with grant recipients.

“We anticipate increased involvement with our award winners and applicants in order to meet the needs of these organizations and communities at large,” said Burdette. “We look forward to the long-term impact AdvanceSC will have on our state.”

AdvanceSC supports economic development, education, manufacturing and public assistance agencies in Duke Energy’s South Carolina service area. Established as a limited liability company by Duke Energy in 2004, AdvanceSC is funded with profits from the company’s BPM program and is managed by a board of Upstate S.C. leaders. The fund administrator is Wachovia Charitable Services, Greenville, S.C. Grant applications and information about AdvanceSC are available on its website at www.advancesc.org.