Peters' next stage appearance was in the role of Sally Durant Plummer in the Kennedy Center for the Performing Arts production of the Sondheim–Goldman musical "Follies" in 2011. One critic wrote: "Peters ... exquisitely captures the character's unfathomable sadness and longing. It's a star turn, for sure, but one that brings attention to itself because of its truthfulness. Not surprisingly, her rendition of 'Losing My Mind' is simply shattering." She reprised the role in the Broadway revival at the Marquis Theatre, later in 2011, and received a nomination for the Drama Desk Award, Outstanding Actress in a Musical.