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Benefit Plans
 6 Months Ended
Jun. 30, 2012
Benefit Plans Disclosure [Line Items]  
Benefit Plans

10.       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) 2012  2011  2012  2011
Service cost$16 $14 $4 $3
Interest cost 33  35  11  10
Expected return on plan assets (46)  (45)  0  0
Amortization of actuarial loss(a) 26  18  9  3
Other amortization, net (a) 2  1  1  1
 Net periodic cost $31 $23 $25 $17
             
(a) Adjusted to reflect PEF’s rate treatment. See Note 17B in the 2011 Form 10-K.
             
PEC     
   Pension Benefits  OPEB
(in millions) 2012  2011  2012  2011
Service cost$7 $6 $2 $2
Interest cost 15  16  6  5
Expected return on plan assets (24)  (23)  0  0
Amortization of actuarial loss  10  7  6  1
Other amortization, net 2  1  0  0
 Net periodic cost$10 $7 $14 $8
             
PEF     
   Pension Benefits  OPEB
(in millions) 2012  2011  2012  2011
Service cost$7 $6 $1 $1
Interest cost 15  15  4  4
Expected return on plan assets (20)  (20)  0  0
Amortization of actuarial loss  12  9  3  2
Other amortization, net 0  0  1  1
 Net periodic cost $14 $10 $9 $8
             

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) 2012  2011  2012  2011
Service cost$32 $27 $7 $6
Interest cost 67  70  21  20
Expected return on plan assets (93)  (91)  (1)  (1)
Amortization of actuarial loss(a) 48  33  15  6
Other amortization, net (a) 4  3  2  3
 Net periodic cost$58 $42 $44 $34
             
(a) Adjusted to reflect PEF’s rate treatment. See Note 17B in the 2011 Form 10-K.
             
PEC     
   Pension Benefits  OPEB
(in millions) 2012  2011  2012  2011
Service cost$13 $11 $4 $2
Interest cost 29  31  11  10
Expected return on plan assets (47)  (46)  0  0
Amortization of actuarial loss 20  13  8  2
Other amortization, net 4  3  0  1
 Net periodic cost$19 $12 $23 $15
             
PEF     
   Pension Benefits  OPEB
(in millions) 2012  2011  2012  2011
Service cost$14 $12 $3 $2
Interest cost 29  30  9  9
Expected return on plan assets (40)  (39)  (1)  (1)
Amortization of actuarial loss 23  17  5  4
Other amortization, net 0  0  2  2
 Net periodic cost $26 $20 $18 $16
             

In 2012, we expect to make contributions directly to pension plan assets of approximately $150 million for us, including $75 million for PEC and $75 million for PEF. The amounts we contribute may be impacted by recently enacted legislation as well as other factors. We contributed $42 million during the six months ended June 30, 2012, including $22 million for PEC and $20 million for PEF.
PEC
  
Benefit Plans Disclosure [Line Items]  
Benefit Plans

10.       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) 2012  2011  2012  2011
Service cost$7 $6 $2 $2
Interest cost 15  16  6  5
Expected return on plan assets (24)  (23)  0  0
Amortization of actuarial loss  10  7  6  1
Other amortization, net 2  1  0  0
 Net periodic cost$10 $7 $14 $8
             

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) 2012  2011  2012  2011
Service cost$13 $11 $4 $2
Interest cost 29  31  11  10
Expected return on plan assets (47)  (46)  0  0
Amortization of actuarial loss 20  13  8  2
Other amortization, net 4  3  0  1
 Net periodic cost$19 $12 $23 $15
             

In 2012, we expect to make contributions directly to pension plan assets of approximately $150 million for us, including $75 million for PEC and $75 million for PEF. The amounts we contribute may be impacted by recently enacted legislation as well as other factors. We contributed $42 million during the six months ended June 30, 2012, including $22 million for PEC and $20 million for PEF.
PEF
  
Benefit Plans Disclosure [Line Items]  
Benefit Plans

10.       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) 2012  2011  2012  2011
Service cost$7 $6 $1 $1
Interest cost 15  15  4  4
Expected return on plan assets (20)  (20)  0  0
Amortization of actuarial loss  12  9  3  2
Other amortization, net 0  0  1  1
 Net periodic cost $14 $10 $9 $8
             

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) 2012  2011  2012  2011
Service cost$14 $12 $3 $2
Interest cost 29  30  9  9
Expected return on plan assets (40)  (39)  (1)  (1)
Amortization of actuarial loss 23  17  5  4
Other amortization, net 0  0  2  2
 Net periodic cost $26 $20 $18 $16
             

In 2012, we expect to make contributions directly to pension plan assets of approximately $150 million for us, including $75 million for PEC and $75 million for PEF. The amounts we contribute may be impacted by recently enacted legislation as well as other factors. We contributed $42 million during the six months ended June 30, 2012, including $22 million for PEC and $20 million for PEF.