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Progress Energy Annual Report 2006
17
E X E C U T I V E A N D S E N I O R O F F I C E R S
Robert B. McGehee
Chairman and Chief Executive Officer
William D. Johnson
President and Chief Operating Officer
Peter M. Scott III
Chief Financial Officer
Progress Energy, Inc.
President and Chief Executive Officer
Progress Energy Service Company, LLC
Fred N. Day IV
President and Chief Executive Officer
Progress Energy Carolinas, Inc.
Jeffrey J. Lyash
President and Chief Executive Officer
Progress Energy Florida, Inc.
C. S. Hinnant
Senior Vice President – Nuclear Generation
and Chief Nuclear Officer
Jeffrey A. Corbett
Senior Vice President – Energy Delivery
Progress Energy Florida, Inc.
John R. McArthur
Senior Vice President – Corporate Relations
General Counsel and Secretary
Mark F. Mulhern
President
Progress Energy Ventures, Inc.
Paula J. Sims
Senior Vice President – Regulated Services
E. Michael Williams
Senior Vice President – Power Operations
Lloyd M. Yates
Senior Vice President – Energy Delivery
Progress Energy Carolinas, Inc.
F I N A N C I A L R E P O R T
Safe Harbor for Forward-Looking Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Management’s Discussion and Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Market Risk Disclosures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Reports of Management and Independent Registered Public Accounting Firm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
Consolidated Financial Statements
Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Changes in Common Stock Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Comprehensive Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Notes to Consolidated Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Selected Consolidated Financial and Operating Data (Unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129
Reconciliation of Ongoing Earnings Per Share to Reported GAAP Earnings Per Share (Unaudited) . . . . . . . . . . . . . . . . 130