Progress Energy 2010 Annual Report Download - page 217

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Progress Energy Proxy Statement
79
REPORT OF THE AUDIT AND CORPORATE
PERFORMANCE COMMITTEE
The Audit and Corporate Performance Committee of the Company’s Board of Directors (the “Audit
Committee”) has reviewed and discussed the audited financial statements of the Company for the fiscal year ended
December 31, 2010, with the Company’s management and with Deloitte & Touche LLP, the Company’s independent
registered public accounting firm. The Audit Committee discussed with Deloitte & Touche LLP the matters required
to be discussed by Statement on Auditing Standards No. 114, as amended (AICPA, Professional Standards, Vol.
1 AU Section 380) as adopted by the Public Company Accounting Oversight Board in Rule 3200T, by the SEC’s
Regulation S-X, Rule 2-07, and by the NYSE’s Corporate Governance Rules, as may be modified, amended or
supplemented.
The Audit Committee has received the written disclosures and the letter from Deloitte & Touche LLP
required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent
accountant’s communication with the Audit Committee concerning independence and has discussed with Deloitte &
Touche LLP its independence.
Based upon the review and discussions noted above, the Audit Committee recommended to the Board of
Directors that the Company’s audited financial statements be included in the Company’s Annual Report on Form
10-K for the fiscal year ended December 31, 2010, for filing with the SEC.
Audit and Corporate Performance Committee
Theresa M. Stone, Chair
James E. Bostic, Jr.
W. Steven Jones
Charles W. Pryor, Jr.
Carlos A. Saladrigas
Alfred C. Tollison, Jr.
Unless specifically stated otherwise in any of the Company’s filings under the Securities Act of 1933 or
the Securities Exchange Act of 1934, the foregoing Report of the Audit Committee shall not be incorporated by
reference into any such filings and shall not otherwise be deemed filed under such Acts.