The Washington Post is reporting it:

North Carolina Gov. Bev Perdue (D) is set to announce today that she will not seek reelection in 2012, according to two sources familiar with her plans.

Perdue, who turned 65 earlier this month, was set for a rematch of her 2008 race with former Charlotte mayor Pat McCrory (R), but she has been plagued by low approval ratings and faced some tough odds this year.

Sources say she has labored over her decision about whether to seek a second term. One source said she plans to announce she will step aside in a statement this afternoon.

Perdue’s office did not immediately response to a request for comment.

Names that are likely to be bandied about as possible Democratic replacements include Lt. Gov. Walter Dalton, Attorney General Roy Cooper, former White House chief of staff Erskine Bowles and Charlotte Mayor Anthony Foxx.

UPDATE: The News & Observer cites “two sources close to the Democrat’s campaign” to convey the same news.