X0101 42003-07-09 0001094093 PROGRESS ENERGY INC PGN 0001195421 MCKEE E MARIE 1000Units based on value of Common Stock02003-07-094A010642.52A1988-08-081988-08-08Common Stock1067945DDirector's Stock Unit Plan units convertible at a rate of 1 for 1.Will be settled 100 percent in cash following the undersigned's retirement from the Board.Based upon payment schedule selected.Does not include 1,627 units that are held directly under the Director Stock Unit Plan. E. Marie McKee by Robert M. Williams pursuant to POA2003-07-10