Equity (Tables)

6 Months Ended

Jun. 30, 2011

		2011			2010
(in millions)		Shares	Net Proceeds		Shares	Net Proceeds
Three months ended June 30
	Total issuances	0.4	$	18	5.4	$	208
	Issuances through 401(k) and/or IPP	0.0		0	5.4		208
Six months ended June 30
	Total issuances	1.4	$	26	11.5	$	405
	Issuances through 401(k) and/or IPP	0.0		1	10.7		405

Comprehensive income

PROGRESS ENERGY
			Three months ended June 30
(in millions)				2011		2010
Net income			$	178	$	180
Other comprehensive income (loss)
	Reclassification adjustments included in net income
		Change in cash flow hedges (net of tax expense of $1 and $1)		2		2
		Change in unrecognized items for pension and other postretirement benefits (net of tax expense of $1 and $-)		1		1
	Net unrealized losses on cash flow hedges (net of tax benefit of $10 and $28)			(16)		(44)
	Net unrecognized items on pension and other postretirement benefits (net of tax benefit of $5)			(8)		-
	Other (net of tax expense of $-)			-		1
		Other comprehensive loss		(21)		(40)
Comprehensive income				157		140
Comprehensive income attributable to noncontrolling interests				(2)		-
Comprehensive income attributable to controlling interests			$	155	$	140


			Six months ended June 30
(in millions)				2011		2010
Net income			$	363	$	370
Other comprehensive income (loss)
	Reclassification adjustments included in net income
		Change in cash flow hedges (net of tax expense of $2 and $2)		3		3
		Change in unrecognized items for pension and other postretirement benefits (net of tax expense of $2 and $1)		2		2
	Net unrealized losses on cash flow hedges (net of tax benefit of $9 and $32)			(14)		(50)
	Net unrecognized items on pension and other postretirement benefits (net of tax benefit of $5)			(8)		-
	Other (net of tax expense of $-)			-		1
		Other comprehensive loss		(17)		(44)
Comprehensive income				346		326
Comprehensive income attributable to noncontrolling interests				(3)		-
Comprehensive income attributable to controlling interests			$	343	$	326

Reconciliation of total equity

(in millions)		Total Common Stock Equity		Noncontrolling Interests		Total Equity
Balance, December 31, 2010		$	10,023	$	4	$	10,027
Net income^(a)			360		1		361
Other comprehensive loss			(17)		0		(17)
Issuance of shares through offerings and stock- based compensation plans (See Note 5D)			47		0		47
Dividends declared			(367)		0		(367)
Distributions to noncontrolling interests			0		(2)		(2)
Balance, June 30, 2011		$	10,046	$	3	$	10,049

Balance, December 31, 2009		$	9,449	$	6	$	9,455
Net income^(a)			370		(2)		368
Other comprehensive loss			(44)		0		(44)
Issuance of shares through offerings and stock- based compensation plans (See Note 5D)			443		0		443
Dividends declared			(361)		0		(361)
Distributions to noncontrolling interests			0		(2)		(2)
Balance, June 30, 2010		$	9,857	$	2	$	9,859

^(a)	For the six months ended June 30, 2011, consolidated net income of $363 million includes $2 million attributable to preferred shareholders of subsidiaries. For the six months ended June 30, 2010, consolidated net income of $370 million includes $2 million attributable to preferred shareholders of subsidiaries. Income attributable to preferred shareholders of subsidiaries is not a component of total equity and is excluded from the table above.

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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