X0202 4 2006-05-05 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 2006-05-05 4 A 0 14 43.14 A Common Stock 14 112 D Units based on value of Common Stock Common Stock 2152 2152 D Units based on value of Common Stock Common Stock 20482 20482 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 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. Includes 1 unit acquired between February 2006 and May 2006 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. Based upon payment schedule selected on Election Form. Units will be settled 100 percent in cash in accordance with schedule provided in the Plan. Includes 30 units acquired between February 2006 and May 2006 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. Units granted prior to January 1, 2005 will be settled 100 percent in cash. Units granted on or after January 1, 2005 will be settled 100 percent in Common Stock. Includes 289 units acquired between February 2006 and May 2006 through routine reinvestment of dividends that are exempt under Rule 16a-11. Lloyd M. Yates by Arlene S. Graves pursuant to POA 2006-05-08