X0201 4 2004-03-16 0001094093 PROGRESS ENERGY INC PGN 0001183046 HINNANT CLAYTON S 410 S. WILMINGTON STREET RALEIGH NC 27601 0 1 0 0 Sr. VP of major subsidiary Common Stock 2004-03-16 4 A 0 5500 47.4367 A 31564 D Common Stock 19227 I Employee 401(k) Plan Units based on value of Common Stock Common Stock 1020 1020 D Units based on value of Common Stock Common Stock 3906 3906 D Units based on value of Common Stock 2004-03-16 4 A 0 5432 46.23 A Common Stock 5432 41010 D Units based on value of Common Stock Common Stock 1359 1359 D Includes 698 shares acquired in Employee 401(k) Plan between November 2003 and Februrary 2004. Management Deferred Compensation Plan units are convertible at a rate of 1 for 1. Units will be settled 100 percent in cash in accordance with schedule provided in the Plan. Based upon payment schedule selected on Election Form. Includes 27 units acquired between August 2003 and Februrary 2004 through routine reinvestment of dividends that are exempt under Rule 16a-11. Management Incentive Compensation Plan units are convertible at a rate of 1 for 1. Includes 99 units acquired between August 2003 and Februrary 2004 through routine reinvestment of dividends that are exempt under Rule 16a-11. Performance Share Sub Plan units are convertible at a rate of 1 for 1. Includes 903 units acquired between August 2003 and Februrary 2004 through routine reinvestment of dividends that are exempt under Rule 16a-11. Long Term Incentive Plan units are convertible at a rate of 1 for 1. Includes 35 units acquired between August 2003 and Februrary 2004 through routine reinvestment of dividends that are exempt under Rule 16a-11. Clayton S. Hinnant by Robert M. Williams pursuant to POA 2004-03-17