Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2011

Benefit Plans Tables Abstract

Defined benefit plan net periodic benefit cost [Tables]

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.

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.