X0202 4 2007-05-09 0001094093 PROGRESS ENERGY INC PGN 0001358752 Sims Paula J 410 S. WILMINGTON STREET RALEIGH NC 27601 0 1 0 0 Sr. VP of major subsidiary Common Stock 2007-05-09 4 M 0 800 43.49 A 19666 D Common Stock 2007-05-09 4 S 0 800 52.08 D 18866 D Common Stock 2007-05-09 4 M 0 2900 43.49 A 21766 D Common Stock 2007-05-09 4 S 0 2900 52.09 D 18866 D Common Stock 2007-05-09 4 M 0 1100 43.49 A 19966 D Common Stock 2007-05-09 4 S 0 1100 52.10 D 18866 D Common Stock 2007-05-09 4 M 0 1400 43.49 A 20266 D Common Stock 2007-05-09 4 S 0 1400 52.11 D 18866 D Common Stock 2007-05-09 4 M 0 1800 43.49 A 20666 D Common Stock 2007-05-09 4 S 0 1800 52.12 D 18866 D Common Stock 189 I Employee 401(k) Plan Employee Stock Option (right to buy) 43.49 2007-05-09 4 M 0 800 0 D 2011-09-30 Common Stock 800 7200 D Employee Stock Option (right to buy) 43.49 2007-05-09 4 M 0 2900 0 D 2011-09-30 Common Stock 2900 4300 D Employee Stock Option (right to buy) 43.49 2007-05-09 4 M 0 1100 0 D 2011-09-30 Common Stock 1100 3200 D Employee Stock Option (right to buy) 43.49 2007-05-09 4 M 0 1400 0 D 2011-09-30 Common Stock 1400 1800 D Employee Stock Option (right to buy) 43.49 2007-05-09 4 M 0 1800 0 D 2011-09-30 Common Stock 1800 0 D Units based on value of Common Stock Common Stock 317 317 D Units based on value of Common Stock Common Stock 4657 4657 D The options vested in three equal installments on October 1, 2002, 2003, and 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 the payment schedule selected by the reporting person on her 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 by the reporting person on her Election Form. Units will be settled 100 percent in cash in accordance with schedule provided in the Plan. This is the second of two Form 4s covering transactions on May 9, 2007. Paula J. Sims by Arlene S. Graves pursuant to POA 2007-05-11