<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-07-26</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001317577</issuerCik>
        <issuerName>Pike Electric CORP</issuerName>
        <issuerTradingSymbol>PEC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001332185</rptOwnerCik>
            <rptOwnerName>LGB Pike II LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>GOLDBERG LINDSAY &amp; CO LLC</rptOwnerStreet1>
            <rptOwnerStreet2>630 FIFTH AVE, 30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>18155891</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <remarks>The shares of Common Stock reported are held directly by LGB Pike II LLC.  Lindsay Goldberg &amp; Bessemer L.P. is the sole manager of LGB Pike II LLC.  Lindsay Goldberg &amp; Bessemer GP L.P. is the general partner of Lindsay Goldberg &amp; Bessemer L.P.  Lindsay Goldberg &amp; Bessemer GP LLC is the general partner of Lindsay Goldberg &amp; Bessemer GP L.P..  Except to the extent of its pecuniary interest therein, each of Lindsay Goldberg &amp; Bessemer L.P., Lindsay Goldberg &amp; Bessemer G.P. LP and Lindsay Goldberg &amp; Bessemer GP LLC disclaims beneficial ownership of these securities.</remarks>

    <ownerSignature>
        <signatureName>Robert Roriston by power of attorney for LGB Pike II LLC</signatureName>
        <signatureDate>2005-07-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
