X0202 4 2008-03-25 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 2008-03-25 4 F 0 3648 41.9095 D 22795 D Common Stock 471 I Employee 401(k) Plan On March 18, 2008, the Organization and Compensation Committee approved a payout of performance units granted on March 20, 2007 under the Company's Performance Share Sub-Plan (PSSP). The number of units payable pursuant to the 2007 grant was determined in accordance with the PSSP on March 18, 2008. Pursuant to the terms of the PSSP, those units were converted to shares of our Common Stock and on March 25, 2008, the number of shares necessary to cover the required taxes was withheld and sold. The amount of securities beneficially owned inadvertently was not updated on the Form 4 that was filed on behalf of the reporting person on March 20, 2008. That amount should have been 26,443. This Form 4 reflects the accurate amount of securities beneficially owned following the reported above transaction. Additionally the date of earliest transaction required to be reported noted in Box 3 at the top of that prior Form 4 should have been March 18, 2008. Paula J. Sims by Arlene S. Graves pursuant to POA 2008-03-27