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Benefit Plans
 6 Months Ended
Jun. 30, 2011
Benefit Plans Disclosure [Line Items]  
Benefit Plans

9.       BENEFIT PLANS

We have noncontributory defined benefit retirement plans that provide pension benefits for substantially all full-time employees. We also have supplementary defined benefit pension plans that provide benefits to higher-level employees. In addition to pension benefits, we provide contributory other postretirement benefits (OPEB), including certain health care and life insurance benefits, for retired employees who meet specified criteria.

The components of the net periodic benefit cost for the respective Progress Registrants for the three months ended June 30 were:

PROGRESS ENERGY     
  Pension Benefits OPEB
(in millions) 2011  2010  2011  2010
Service cost$14 $12 $3 $2
Interest cost 35  35  10  8
Expected return on plan assets (45)  (39)  0  (1)
Amortization of actuarial loss(a) 18  12  3  0
Other amortization, net (a) 1  2  1  1
 Net periodic cost $23 $22 $17 $10
             
(a) Adjusted to reflect PEF’s rate treatment. See Note 16B in the 2010 Form 10-K.
             
PEC     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$6 $5 $2 $1
Interest cost 16  16  5  4
Expected return on plan assets (23)  (19)  0  0
Amortization of actuarial loss  7  4  1  0
Other amortization, net 1  1  0  0
 Net periodic cost$7 $7 $8 $5
             
PEF     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$6 $5 $1 $0
Interest cost 15  15  4  3
Expected return on plan assets (20)  (17)  0  0
Amortization of actuarial loss  9  7  2  0
Other amortization, net 0  0  1  1
 Net periodic cost $10 $10 $8 $4
             

The components of the net periodic benefit cost for the respective Progress Registrants for the six months ended June 30 were:

PROGRESS ENERGY     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$27 $23 $6 $4
Interest cost 70  70  20  16
Expected return on plan assets (91)  (78)  (1)  (2)
Amortization of actuarial loss(a) 33  25  6  1
Other amortization, net (a) 3  3  3  2
 Net periodic cost$42 $43 $34 $21
             
(a) Adjusted to reflect PEF’s rate treatment. See Note 16B in the 2010 Form 10-K.
             
PEC     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$11 $9 $2 $2
Interest cost 31  32  10  8
Expected return on plan assets (46)  (38)  0  (1)
Amortization of actuarial loss 13  8  2  0
Other amortization, net 3  3  1  1
 Net periodic cost$12 $14 $15 $10
             
PEF     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$12 $10 $2 $1
Interest cost 30  29  9  6
Expected return on plan assets (39)  (34)  (1)  (1)
Amortization of actuarial loss 17  15  4  0
Other amortization, net 0  0  2  2
 Net periodic cost $20 $20 $16 $8
             

In 2011, we expect to make contributions directly to pension plan assets of approximately $300 million to $350 million for us, including $200 million to $225 million for PEC and $100 million to $125 million for PEF. We contributed $229 million during the six months ended June 30, 2011, including $150 million for PEC and $77 million for PEF.

As a result of the Patient Protection and Affordable Care Act and the related Health Care and Education Reconciliation Act, which were enacted in March 2010, an additional tax expense of $22 million for us, including $12 million for PEC and $10 million for PEF, was recognized during the six months ended June 30, 2010. See Note 16A in the 2010 Form 10-K.
PEC
  
Benefit Plans Disclosure [Line Items]  
Benefit Plans

9.       BENEFIT PLANS

We have noncontributory defined benefit retirement plans that provide pension benefits for substantially all full-time employees. We also have supplementary defined benefit pension plans that provide benefits to higher-level employees. In addition to pension benefits, we provide contributory other postretirement benefits (OPEB), including certain health care and life insurance benefits, for retired employees who meet specified criteria.

The components of the net periodic benefit cost for the respective Progress Registrants for the three months ended June 30 were:

PEC     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$6 $5 $2 $1
Interest cost 16  16  5  4
Expected return on plan assets (23)  (19)  0  0
Amortization of actuarial loss  7  4  1  0
Other amortization, net 1  1  0  0
 Net periodic cost$7 $7 $8 $5
             

The components of the net periodic benefit cost for the respective Progress Registrants for the six months ended June 30 were:

PEC     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$11 $9 $2 $2
Interest cost 31  32  10  8
Expected return on plan assets (46)  (38)  0  (1)
Amortization of actuarial loss 13  8  2  0
Other amortization, net 3  3  1  1
 Net periodic cost$12 $14 $15 $10
             

In 2011, we expect to make contributions directly to pension plan assets of approximately $300 million to $350 million for us, including $200 million to $225 million for PEC and $100 million to $125 million for PEF. We contributed $229 million during the six months ended June 30, 2011, including $150 million for PEC and $77 million for PEF.

As a result of the Patient Protection and Affordable Care Act and the related Health Care and Education Reconciliation Act, which were enacted in March 2010, an additional tax expense of $22 million for us, including $12 million for PEC and $10 million for PEF, was recognized during the six months ended June 30, 2010. See Note 16A in the 2010 Form 10-K.
PEF
  
Benefit Plans Disclosure [Line Items]  
Benefit Plans

9.       BENEFIT PLANS

We have noncontributory defined benefit retirement plans that provide pension benefits for substantially all full-time employees. We also have supplementary defined benefit pension plans that provide benefits to higher-level employees. In addition to pension benefits, we provide contributory other postretirement benefits (OPEB), including certain health care and life insurance benefits, for retired employees who meet specified criteria.

The components of the net periodic benefit cost for the respective Progress Registrants for the three months ended June 30 were:

PEF     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$6 $5 $1 $0
Interest cost 15  15  4  3
Expected return on plan assets (20)  (17)  0  0
Amortization of actuarial loss  9  7  2  0
Other amortization, net 0  0  1  1
 Net periodic cost $10 $10 $8 $4
             

The components of the net periodic benefit cost for the respective Progress Registrants for the six months ended June 30 were:

PEF     
   Pension Benefits  OPEB
(in millions) 2011  2010  2011  2010
Service cost$12 $10 $2 $1
Interest cost 30  29  9  6
Expected return on plan assets (39)  (34)  (1)  (1)
Amortization of actuarial loss 17  15  4  0
Other amortization, net 0  0  2  2
 Net periodic cost $20 $20 $16 $8
             

In 2011, we expect to make contributions directly to pension plan assets of approximately $300 million to $350 million for us, including $200 million to $225 million for PEC and $100 million to $125 million for PEF. We contributed $229 million during the six months ended June 30, 2011, including $150 million for PEC and $77 million for PEF.

As a result of the Patient Protection and Affordable Care Act and the related Health Care and Education Reconciliation Act, which were enacted in March 2010, an additional tax expense of $22 million for us, including $12 million for PEC and $10 million for PEF, was recognized during the six months ended June 30, 2010. See Note 16A in the 2010 Form 10-K.