X0202 4 2006-04-17 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 2006-04-17 4 M 0 2083 44.585 A 30481 D Common Stock 2006-04-17 4 D 0 2083 44.585 D 28398 D Common Stock 22905 I Employee 401(k) Plan Units based on value of Common Stock Common Stock 1136 1136 D Units based on value of Common Stock Common Stock 4352 4352 D Units based on value of Common Stock 2006-04-17 4 M 0 2083 44.585 D 2006-04-17 Common Stock 2083 43189 D Units based on value of Common Stock Common Stock 1514 1514 D 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 the payment schedule selected by the reporting person on Election Form. The reporting person may reallocate the value of the units in his Deferral Accounts among alternative investment accounts once per calendar month. Management Incentive Compensation Plan units are convertible at a rate of 1 for 1. Based upon payment schedule selected on Election Form. Units will be settled 100 percent in cash in accordance with schedule provided in the Plan. Performance Share Sub Plan units are convertible at a rate of 1 for 1. The units were granted for Plan Year 2003 and thus will be settled 100 percent in cash, using the March 31, 2006 closing price of the Company's common stock, which was $43.98, plus the May 1, 2006 dividend of $0.605. Reflects the forfeiture of 6,251 units in connection with the April 17, 2006 settlement transaction for Plan Year 2003 pursuant to Plan provisions. Long Term Incentive Plan units are convertible at a rate of 1 for 1. Clayton S. Hinnant by Arlene S. Graves pursuant to POA 2006-04-19