Equity (Tables)

9 Months Ended

Sep. 30, 2011

Equity [Abstract]

Common stock

		2011			2010
(in millions)		Shares	Net Proceeds		Shares	Net Proceeds
Three months ended September 30
	Total issuances	0.3	$	16	0.3	$	14
	Issuances through 401(k) and/or IPP	0.0		0	0.3		13
Nine months ended September 30
	Total issuances	1.7	$	42	11.8	$	419
	Issuances through 401(k) and/or IPP	0.0		1	11.0		418

Comprehensive income

PROGRESS ENERGY
			Three months ended September 30
(in millions)				2011		2010
Net income			$	293	$	365
Other comprehensive income (loss)
	Reclassification adjustments included in net income
		Change in cash flow hedges (net of tax expense of $1 and $1)		2		1
		Change in unrecognized items for pension and other postretirement benefits (net of tax expense of $1 and $-)		2		1
	Net unrealized losses on cash flow hedges (net of tax benefit of $44 and $19)			(69)		(30)
	Net unrecognized items on pension and other postretirement benefits (net of tax benefit of $2)			0		(4)
	Other (net of tax expense of $-)			-		(1)
		Other comprehensive loss		(65)		(33)
Comprehensive income				228		332
Comprehensive income attributable to noncontrolling interests				(2)		(4)
Comprehensive income attributable to controlling interests			$	226	$	328
			Nine months ended September 30
(in millions)				2011		2010
Net income			$	656	$	735
Other comprehensive income (loss)
	Reclassification adjustments included in net income
		Change in cash flow hedges (net of tax expense of $3 and $3)		5		4
		Change in unrecognized items for pension and other postretirement benefits (net of tax expense of $3 and $1)		4		3
	Net unrealized losses on cash flow hedges (net of tax benefit of $53 and $51)			(83)		(80)
	Net unrecognized items on pension and other postretirement benefits (net of tax benefit of $5 and $2)			(8)		(4)
		Other comprehensive loss		(82)		(77)
Comprehensive income				574		658
Comprehensive income attributable to noncontrolling interests				(5)		(4)
Comprehensive income attributable to controlling interests			$	569	$	654

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)			651		2		653
Other comprehensive loss			(82)		0		(82)
Issuance of shares through offerings and stock- based compensation plans (See Note 5D)			70		0		70
Dividends declared			(550)		0		(550)
Distributions to noncontrolling interests			0		(3)		(3)
Balance, September 30, 2011		$	10,112	$	3	$	10,115
Balance, December 31, 2009		$	9,449	$	6	$	9,455
Cumulative effect of change in accounting principle			0		(2)		(2)
Net income(a)			731		1		732
Other comprehensive loss			(77)		0		(77)
Issuance of shares through offerings and stock- based compensation plans (See Note 5D)			461		0		461
Dividends declared			(543)		0		(543)
Distributions to noncontrolling interests			0		(2)		(2)
Balance, September 30, 2010		$	10,021	$	3	$	10,024
(a)	For the nine months ended September 30, 2011, consolidated net income of $656 million includes $3 million attributable to preferred shareholders of subsidiaries. For the nine months ended September 30, 2010, consolidated net income of $735 million includes $3 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.