Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2012

Variable Interest Entity [Line Items]

Variable interest entity consolidated

(in millions)		September 30, 2012		December 31, 2011
Net property, plant and equipment(a)		$	12	$	12
Prepayments and other current assets(a)			2		1
Net assets of consolidated VIEs		$	14	$	13
(a)	Progress Energy, through its subsidiary PEC, is the primary beneficiary of, and consolidates, an entity that qualifies for rehabilitation tax credits under Section 47 of the Internal Revenue Code. Our variable interests are debt and equity investments in the VIE. The assets of the VIE are collateral for, and can only be used to settle, its obligations. The creditors of the VIE do not have recourse to our general credit or the general credit of PEC, and there are no other arrangements that could expose us to losses.

PEC [Member]

Variable Interest Entity [Line Items]

Variable interest entity consolidated

(in millions)		September 30, 2012		December 31, 2011
Net property, plant and equipment(a)		$	12	$	12
Prepayments and other current assets(a)			2		1
Net assets of consolidated VIEs		$	14	$	13
(a)	Progress Energy, through its subsidiary PEC, is the primary beneficiary of, and consolidates, an entity that qualifies for rehabilitation tax credits under Section 47 of the Internal Revenue Code. Our variable interests are debt and equity investments in the VIE. The assets of the VIE are collateral for, and can only be used to settle, its obligations. The creditors of the VIE do not have recourse to our general credit or the general credit of PEC, and there are no other arrangements that could expose us to losses.