8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 8, 2007

Progress Energy, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

North Carolina	1-15929	56-2155481
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
410 S. Wilmington Street, Raleigh, North Carolina		27601-1849
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 919-546-6111

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Florida Power Corporation d/b/a Progress Energy Florida, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Florida	1-3274	59-0247770
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
299 1st Avenue N., St. Petersburg, Florida		33701
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 772-820-5151

n/a
______________________________________________
Former name or former address, if changed since last report

Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

North Carolina	1-3382	56-0165465
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
410 S. Wilmington Street, Raleigh, North Carolina		27601-1849
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: (919) 546-6111

n/a
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On October 8, 2007, Progress Energy, Inc. (the "Company") issued a news release concerning Robert B. McGehee, Chairman and Chief Executive Officer of the Company. The release indicated that Mr. McGehee had suffered an apparent stroke on Sunday, October 7, 2007, while on Company business in London and that, as of the time of the release, he remained in intensive care in a London hospital.

In accordance with the Company's bylaws, President and Chief Operating Officer William D. Johnson has assumed the CEO's duties in Mr. McGehee's absence. Additionally, the Executive Committee of the Board of Directors has appointed lead director John H. Mullin, III as Chairman during Mr. McGehee's absence.

Item 9.01 Financial Statements and Exhibits.

Furnished as exhibit 99.1 is a copy of the Company's news release dated October 8, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Progress Energy, Inc.
October 9, 2007	By:	Jeffrey M. Stone
		Name: Jeffrey M. Stone
		Title: Chief Accounting Officer, Progress Energy, Inc., Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc. and Florida Power Corporation d/b/a Progress Energy Florida, Inc.

Exhibit Index

Exhibit No.	Description
99.1	News Release dated October 8, 2007.

EX-99.1

Progress Energy CEO suffers apparent stroke, remains in London hospital

RALEIGH, N.C. (Oct. 8, 2007) – Robert B. McGehee, chairman and chief executive officer of Progress Energy (NYSE: PGN), suffered an apparent stroke Sunday, Oct. 7, while on company business in London and remains in intensive care in a London hospital today.

McGehee was among a group of Progress Energy executives in London to meet with investors. He underwent surgery Sunday and is undergoing treatment in Charing Cross Hospital, a leading neurosurgery center.

In accordance with the company’s bylaws, President and Chief Operating Officer William D. Johnson will assume the CEO’s duties in McGehee’s absence.

The executive committee of the board of directors has appointed lead director John Mullin III as chairman during McGehee’s absence.

The company will provide updated information as it becomes available.

This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, by their very nature, involve assumptions, risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Any forward-looking statement speaks only as of the date such statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made.

Progress Energy, headquartered in Raleigh, N.C., is a Fortune 250 energy company with more than 21,000 megawatts of generation capacity and $10 billion in annual revenues. The company includes two major utilities that serve more than 3.1 million customers in the Carolinas and Florida. Progress Energy is the 2006 recipient of the Edison Electric Institute’s Edison Award, the industry’s highest honor, in recognition of its operational excellence. The company also is the first utility to receive the prestigious J.D. Power and Associates Founder’s Award for customer service. Progress Energy serves two fast-growing areas of the country, and the company is pursuing a balanced approach to meeting the future energy needs of the region. That balance includes increased energy efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. For more information about Progress Energy, visit the company’s Web site at www.progress-energy.com.

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Media contact: Progress Energy Carolinas 24-hour media line — 877-641-NEWS (6397)