Progress Energy 2009 Annual Report Download - page 5
Download and view the complete annual report
Please find page 5 of the 2009 Progress Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
 |
 |
TURE. THE POWER TO DO BOTH. MANAGING THE PRESENT. CREA
CREATING THE FUTURE. THE POWER TO DO BOTH. MANAGING
GING THE PRESENT. CREATING THE FUTURE. THE POWER
WER TO DO BOTH. MANAGING THE PRESENT. CREATING THE
THE FUTURE. THE POWER TO DO BOTH. MANAGING THE PRESENT
PRESENT. CREATING THE FUTURE. THE POWER TO DO BOTH.
TH. MANAGING THE PRESENT. CREATING THE FUTURE. THE
THE POWER TO DO BOTH. MANAGING THE PRESENT. CREA
CREATING THE FUTURE. THE POWER TO DO BOTH. MANAGING
GING THE PRESENT. CREATING THE FUTURE. THE POWER
complicates utility planning, but there is a clear sense that
clean-energy technologies ranging from renewable to nuclear
must be a growing part of our nation’s energy future.
Aligned with this direction, we developed a Balanced
Solution strategy several years ago. It is a flexible portfolio
approach that covers a broad spectrum of initiatives:
aggressive energy-efficiency programs, innovative alternative
energy projects (e.g., solar rooftop program, biofuels and
utility-scale solar) and rapidly emerging technologies (e.g.,
plug-in electric vehicles), and larger-scale investments in
a state-of-the-art power system. These larger investments
include the Smart Grid and fossil-fuel fleet modernization in
the near-to-mid term and new advanced nuclear generation
in the longer term.
Years ended December 31 2009 2008 2007
(in millions except per share data)
Financial Data
Operating revenues $9,885 $9,167 $9,153
Net income attributable to controlling interests 757 830 504
Income from continuing operations 840 778 702
Ongoing earnings per common share* 3.03 2.96 2.71
Reported GAAP earnings per common share 2.71 3.17 1.96
Average common shares outstanding 279 262 257
Common Stock Data
Return on average common stock equity (percent) 8.13 9.59 5.97
Book value per common share $33.53 $32.97 $32.41
Market value per common share (closing) $41.01 $39.85 $48.43
*See page 128 for a reconciliation of ongoing earnings per share to reported GAAP earnings per share.
Financial highlights
3