Progress Energy 2010 Annual Report Download - page 219

Progress Energy Proxy Statement
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Audit fees include fees billed for services rendered in connection with (i) the audits of our annual financial
statements and those of our SEC reporting subsidiaries (Carolina Power & Light Company and Florida Power
Corporation); (ii) the audit of the effectiveness of our internal control over financial reporting; (iii) the reviews of the
financial statements included in our Quarterly Reports on Form 10-Q and those of our SEC reporting subsidiaries;
(iv) accounting consultations arising as part of the audits; and (v) audit services in connection with statutory,
regulatory or other filings, including comfort letters and consents in connection with SEC filings and financing
transactions. Audit fees for 2010 and 2009 also include $1,175,000 and $1,265,000, respectively, for services in
connection with the Sarbanes-Oxley Act Section 404 and the related PCAOB Standard No. 2 relating to our internal
control over financial reporting.
Audit-related fees include fees billed for (i) special procedures and letter reports; (ii) benefit plan
audits when fees are paid by us rather than directly by the plan; and (iii) accounting consultations for prospective
transactions not arising directly from the audits.
Tax fees include fees billed for tax compliance matters and tax planning and advisory services.
The Audit Committee has concluded that the provision of the non-audit services listed above as “Tax fees”
is compatible with maintaining Deloitte’s independence.
None of the services provided required approval by the Audit Committee pursuant to the de minimis waiver
provisions described above.