X0202 4 2007-12-11 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 2007-12-11 4 S 0 7300 49.653 D 1000 D Common Stock 286 I Employee 401(k) Plan Units based on value of Common Stock Common Stock 326 326 D Units based on value of Common Stock Common Stock 4782 4782 D The sale was made in accordance with a prior election made pursuant to Rule 10b5-1 by the reporting person on August 19, 2007. Shares vested under Company Equity Incentive Plan. Includes 97 shares acquired through routine acquisitions of the Company's stock under Progress Energy's 401 (k) Plan between May and November 2007. Management Deferred Compensation 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 her Deferral Accounts among alternative investment accounts once per calendar month. Includes 9 units acquired between June and November 2007 through routine dividend reinvestment transactions that are exempt under Rule 16a-11. Managment 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 125 units acquired between June and November 2007 through routine dividend reinvestment transactions that are exempt under Rule 16a-11. /s/Paula J. Sims by Arlene S. Graves pursuant to POA 2007-12-12