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  <TITLE> Progress Energy, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	October 12, 2007
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  	Progress Energy, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	North Carolina
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  	1-15929
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  	56-2155481
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	410 S. Wilmington Street, Raleigh, North Carolina
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  	27601-1849
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	919-546-6111
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  On October 12, 2007, members of the Board of Directors of Progress Energy, Inc. (the "Company") elected William D. Johnson to the Company&#x2019;s Board of Directors and named him as the Company&#x2019;s President and Chief Executive Officer, effective immediately.  In this role, Mr. Johnson will also serve as Chairman of the Board and Chairman of the Board&#x2019;s Executive Committee.  Mr. Johnson&#x2019;s initial term of office as director will run through the Company&#x2019;s next annual shareholders&#x2019; meeting.<br><br>Mr. Johnson, age 53, joined the Company (formerly the Carolina Power & Light Company) in 1992.  Mr. Johnson most recently served as the Company&#x2019;s President and Chief Operating Officer, positions that he held from January 2005 through October 2007.  Throughout his career, Mr. Johnson held various positions with the Company, including the following:   Group President &#x2013; Energy Delivery (January 2004 through December 2004); President and Chief Executive Officer, Progress Energy Service Company, LLC (October 2002 through December 2003); and Executive Vice President, General Counsel and Corporate Secretary, Progress Energy Service Company, LLC (December 2000 through September 2002).<br><br>There are no arrangements or understandings between Mr. Johnson and any other person(s) pursuant to which he is serving in the above-referenced positions. In his capacity as an officer of the Company, Mr. Johnson continues to have an employment agreement with the Company which has been disclosed in prior filings. Mr. Johnson does not receive any additional compensation or other personal benefit as a result of his serving as a director of the Company.  Additionally, at this time, no compensation changes have been made reflecting Mr. Johnson&#x2019;s new role as the Company&#x2019;s President and Chief Executive Officer.<br><br>Mr. Johnson does not have any family relationships with any director or executive officer of the Company or its subsidiaries.<br><br>Other than Mr. Johnson&#x2019;s previously disclosed employment arrangements with the Company, Mr. Johnson has not had any direct or indirect material interest in any transactions to which the Company or any of its subsidiaries was a party since the beginning of the Company&#x2019;s last fiscal year. Similarly, other than the continuation of the employment arrangements for Mr. Johnson, there are no currently proposed transactions involving the Company or any of its subsidiaries in which he has a direct or indirect material interest.<br><br><br><br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Progress Energy, Inc.
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  <I>
  	October 12, 2007
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  	By:
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  <I>
  	Jeffrey M. Stone
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  	Name: Jeffrey M. Stone
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  	Title: Chief Accounting Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_23135.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10899}]
metadata_filer: {"company-data": {"conformed-name": "PROGRESS ENERGY INC", "cik": "0001094093", "assigned-sic": "4911", "irs-number": "562155481", "state-of-incorporation": "NC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15929", "film-number": "071169320"}, "business-address": {"street1": "410 S WILMINGTON ST", "city": "RALEIGH", "state": "NC", "zip": "27601", "phone": "9195466463"}, "mail-address": {"street1": "410 S WILMINGTON ST", "city": "RALEIGH", "state": "NC", "zip": "27601"}, "former-company": [{"former-conformed-name": "CP&L ENERGY INC", "date-changed": "20000314"}, {"former-conformed-name": "CP&L HOLDINGS INC", "date-changed": "19990830"}]}
text: Progress Energy, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  October 12, 2007
  Progress Energy, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  North Carolina
  1-15929
  56-2155481
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  410 S. Wilmington Street, Raleigh, North Carolina
  27601-1849
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  919-546-6111
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  On October 12, 2007, members of the Board of Directors of Progress Energy, Inc. (the "Company") elected William D. Johnson to the Company's Board of Directors and named him as the Company's President and Chief Executive Officer, effective immediately.  In this role, Mr. Johnson will also serve as Chairman of the Board and Chairman of the Board's Executive Committee.  Mr. Johnson's initial term of office as director will run through the Company's next annual shareholders' meeting.
  Mr. Johnson, age 53, joined the Company (formerly the Carolina Power & Light Company) in 1992.  Mr. Johnson most recently served as the Company's President and Chief Operating Officer, positions that he held from January 2005 through October 2007.  Throughout his career, Mr. Johnson held various positions with the Company, including the following:   Group President – Energy Delivery (January 2004 through December 2004); President and Chief Executive Officer, Progress Energy Service Company, LLC (October 2002 through December 2003); and Executive Vice President, General Counsel and Corporate Secretary, Progress Energy Service Company, LLC (December 2000 through September 2002).
  There are no arrangements or understandings between Mr. Johnson and any other person(s) pursuant to which he is serving in the above-referenced positions. In his capacity as an officer of the Company, Mr. Johnson continues to have an employment agreement with the Company which has been disclosed in prior filings. Mr. Johnson does not receive any additional compensation or other personal benefit as a result of his serving as a director of the Company.  Additionally, at this time, no compensation changes have been made reflecting Mr. Johnson's new role as the Company's President and Chief Executive Officer.
  Mr. Johnson does not have any family relationships with any director or executive officer of the Company or its subsidiaries.
  Other than Mr. Johnson's previously disclosed employment arrangements with the Company, Mr. Johnson has not had any direct or indirect material interest in any transactions to which the Company or any of its subsidiaries was a party since the beginning of the Company's last fiscal year. Similarly, other than the continuation of the employment arrangements for Mr. Johnson, there are no currently proposed transactions involving the Company or any of its subsidiaries in which he has a direct or indirect material interest.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Progress Energy, Inc.
  October 12, 2007
  By:
  Jeffrey M. Stone
  Name: Jeffrey M. Stone
  Title: Chief Accounting Officer