X0202 4 2007-03-09 0001094093 PROGRESS ENERGY INC PGN 0001365633 Corbett Jeffrey A 100 CENTRAL AVENUE ST. PETERSBURG FL 33701 0 1 0 0 Senior Vice President Units based on value of Common Stock 2007-03-09 4 A 0 873 41.5098 A Common Stock 873 1510 D Units based on value of Common Stock Common Stock 6792 6792 D Management Incentive Compensation Plan units are convertible at a rate of 1 for 1. Based upon payment schedule selected by the reporting person on his Election Form. Units will be settled 100 percent in cash in accordance with schedule provided in the Plan. Includes 25 units acquired between June 2006 and February 2007 through routine dividend reinvestment transactions 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 262 units acquired between June 2006 and February 2007 through routine dividend reinvestment transactions that are exempt under Rule 16a-11. Jeffrey A. Corbett by Arlene S. Graves pursuant to POA 2007-03-15