Investments (Tables)

12 Months Ended

Dec. 31, 2011

Investments [Abstract]

Investments

		Progress Energy
(in millions)			2011		2010
Nuclear decommissioning trust (See Notes 5C and 14)		$	1,647	$	1,571
Equity method investments(a)			14		16
Cost investments(b)			2		5
Company-owned life insurance(c)			47		46
Benefit investment trusts(d)			176		175
	Total	$	1,886	$	1,813
(a)	Investments in unconsolidated companies are accounted for using the equity method of accounting (See Note 1) and are included in miscellaneous other property and investments on the Consolidated Balance Sheets. These investments are primarily in limited liability corporations and limited partnerships, and the earnings from these investments are recorded on a pre-tax basis.
(b)	Investments stated principally at cost are included in miscellaneous other property and investments on the Consolidated Balance Sheets.
(c)	Investments in company-owned life insurance approximate fair value due to the nature of the investments and are included in miscellaneous other property and investments on the Consolidated Balance Sheets.
(d)	Benefit investment trusts are included in miscellaneous other property and investments on the Consolidated Balance Sheets. At December 31, 2011 and 2010, $173 million and $166 million, respectively, of investments in company-owned life insurance were held in Progress Energy’s trusts. Substantially all of PEC’s and PEF’s benefit investment trusts are invested in company-owned life insurance.