Financial Information by Business Segment (Tables)

9 Months Ended

Sep. 30, 2012

BUSINESS SEGMENT DATA
(in millions)			Unaffiliated Revenues		Affiliated Revenues		Total Revenues		Segment Income/ Consolidated Net Income^(a)
Three months ended September 30, 2012
Franchised Electric			$	2,747	$	39	$	2,786	$	333
	Total reportable segment			2,747		39		2,786		333
Other				3		0		3		(181)^(b)
Eliminations				0		(1)		(1)		0
Add back of noncontrolling interest component				0		0		0		2
Income from discontinued operations, net of tax				0		0		0		3
	Total consolidated		$	2,750	$	38	$	2,788	$	157
Three months ended September 30, 2011
Franchised Electric			$	2,750	$	0	$	2,750	$	408
	Total reportable segment			2,750		0		2,750		408
Other				3		0		3		(117)^(b)
Add back of noncontrolling interest component				0		0		0		2
	Total consolidated		$	2,753	$	0	$	2,753	$	293

(in millions)			Unaffiliated Revenues		Affiliated Revenues		Total Revenues		Segment Income/ Consolidated Net Income^(a)
Nine months ended September 30, 2012
Franchised Electric			$	7,132	$	40	$	7,172	$	636
	Total reportable segment			7,132		40		7,172		636
Other				8		0		8		(278)^(b)
Eliminations				0		(2)		(2)		0
Add back of noncontrolling interest component				0		0		0		5
Income from discontinued operations, net of tax				0		0		0		10
	Total consolidated		$	7,140	$	38	$	7,178	$	373
Nine months ended September 30, 2011
Franchised Electric			$	7,188	$	1	$	7,189	$	874
	Total reportable segment			7,188		1		7,189		874
Other				8		0		8		(219)^(b)
Eliminations				0		(1)		(1)		0
Add back of noncontrolling interest component				0		0		0		5
Loss from discontinued operations, net of tax				0		0		0		(4)
	Total consolidated		$	7,196	$	0	$	7,196	$	656

^(a)		Segment income excludes noncontrolling interests and results of entities classified as discontinued operations.
^(b)		Segment income includes after-tax costs to achieve the merger with Duke Energy of $132 million and $149 million for the three and nine months ended September 30, 2012, respectively, and $9 million and $27 million for the three and nine months ended September 30, 2011, respectively.

Segment assets

SEGMENT ASSETS

Segment assets in the following table exclude all intercompany assets between the Progress Energy Registrants.

(in millions)			September 30, 2012		December 31, 2011
Franchised Electric			$	36,135	$	34,166
	Total reportable segment			36,135		34,166
Other				549		765
Reclassifications^(a)				(33)		0
	Total consolidated assets		$	36,651	$	34,931

^(a)		Primarily represents reclassification of federal tax balances in consolidation.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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