X0202 4/A 2006-01-13 2006-03-16 0001094093 PROGRESS ENERGY INC PGN 0001311411 Yates Lloyd M 410 S. WILMINGTON STREET RALEIGH NC 27601 0 1 0 0 Sr. VP of major subsidiary Units based on value of Common Stock 2006-01-13 4 A 0 12 42.91 A Common Stock 12 12 D Units based on value of Common Stock 2006-01-27 4 A 0 11 43.60 A Common Stock 11 23 D Units based on value of Common Stock 2006-02-10 4 A 0 11 42.92 A Common Stock 11 34 D Units based on value of Common Stock 2006-02-24 4 A 0 11 44.42 A Common Stock 11 45 D Management Deferred Compensation Plan units are convertible at a rate of 1 for 1. This amended Form 4 is being filed to provide details regarding individual acquisitions that were made pursuant to the Company's Management Deferred Compensation Plan from January 13, 2006 through February 24, 2006. These acquisitions were reported in the aggregate on a Form 4 that was filed on March 16, 2006. Units will be settled 100 percent in cash in accordance with the payment schedule selected by the reporting person on an Election Form. The reporting person may reallocate the value of the units in his Deferral Accounts among alternative investment accounts once per calendar month. Lloyd M. Yates by Arlene S. Graves pursuant to POA 2006-03-28