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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Progress Energy
(in millions)			2012		2013		2014		2015		2016		Thereafter		Total
Fuel^(a)		$	2,324	$	2,053	$	1,644	$	1,460	$	1,182	$	6,437	$	15,100
Purchased power			459		440		381		391		373		3,104		5,148
Construction obligations^(a)			331		216		35		23		4		10		619
Other purchase obligations			153		100		69		61		71		603		1,057
	Total	$	3,267	$	2,809	$	2,129	$	1,935	$	1,630	$	10,154	$	21,924

^(a)

PEF signed an EPC agreement on December 31, 2008, with Westinghouse Electric Company LLC and Stone & Webster, Inc. for two approximately 1,100-MW Westinghouse AP1000 nuclear units planned for construction at Levy. Due to uncertainty regarding the ultimate magnitude and timing of obligations under the EPC agreement and the Levy nuclear fabrication contract, the table includes only the obligations related to the selected components of long lead time equipment as discussed under “Fuel and Purchased Power” and "Construction Obligations.”

Capital leases


			Progress Energy
(in millions)			2011		2010
Buildings		$	267	$	267
Less: Accumulated amortization			(56)		(46)
	Total	$	211	$	221

Minimum annual payments under long-term noncancelable operating and capital leases


			Progress Energy
(in millions)			Capital	Operating
2012		$	28	$	61
2013			36		85
2014			26		82
2015			26		79
2016			25		79
Thereafter			201		791
Minimum annual payments			342		1,177
Less amount representing imputed interest			(131)
	Total	$	211	$	1,177

- Definition

Tabular disclosure of unconditional purchase obligations that are not recognized as a liability on the balance sheet, including the nature and significant terms of an unconditional purchase obligation; the amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented in the aggregate and, if determinable, for each of the five succeeding fiscal years; the nature of any variable components of the obligation; the amount purchased under the obligation (for example, the take-or-pay or throughput contract) for the reporting period; and may include the amount of imputed interest necessary to reduce the obligation to present value.

+ References+ Details