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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  <BR>
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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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  	June 29, 2007
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  <FONT SIZE="6">
  	Progress Energy, Inc.
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  <FONT SIZE="2">
  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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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>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  <FONT SIZE="2">
  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  	410 S. Wilmington Street, Raleigh, North Carolina
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  	&nbsp;
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  	27601-1849
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  <FONT SIZE="2">
  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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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 --><!-- CoverPageRegistrant START -->
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  	Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc.
  </FONT>
  <FONT SIZE="2">
  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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  	North Carolina
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  	1-3382
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  	56-0165465
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  _____________________<BR>
  	(State or other jurisdiction
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  <FONT SIZE="2">
  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  <FONT SIZE="2">
  	File Number)
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  <FONT SIZE="2">
  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  	410 S. Wilmington Street, Raleigh, North Carolina
  </FONT>
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  <FONT SIZE="2">
  	&nbsp;
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  	27601-1849
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  <FONT SIZE="2">
  _________________________________<BR>
  	(Address of principal executive offices)
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  <FONT SIZE="2">
  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	&nbsp;
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	(919) 546-6111
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  	n/a
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  <P ALIGN="CENTER">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  <!-- 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>
  </P>
  <P><FONT SIZE="2">
  [&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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  <FONT SIZE="2">Top of the Form</FONT>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
  </B>
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  </P>
  <P ALIGN="LEFT">
  <FONT SIZE="2">
  In connection with the previously announced retirement of the Carolina Power & Light d/b/a Progress Energy Carolinas, Inc.&#x2019;s (the "Company") President and Chief Executive Officer Fred N. Day IV, Progress Energy, Inc. agreed to accelerate the vesting of 18,167 shares of restricted stock and 4,584 restricted stock units to June 30, 2007, the date of Mr. Day&#x2019;s retirement.  The affected grants of restricted stock and restricted stock units have been previously disclosed in the Company&#x2019;s proxy statements and in the Company&#x2019;s Form 8-K filed March 26, 2007.  Upon Mr. Day&#x2019;s retirement, the Employment Agreement between him and the Company expired in accordance with its terms.
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  <B>
  	Item 1.02 Termination of a Material Definitive Agreement.
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  <FONT SIZE="2">
  The information concerning the retirement of Mr. Day from the Company and the termination of his Employment Agreement with the Company presented in Item 1.01 above is incorporated by reference into this Item 1.02.
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  <!-- Item END -->
  <BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT">__________________________________________________________________________________________<br><br>This combined Form 8-K is filed separately by two registrants: Progress Energy, Inc. and Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc.  Information contained herein relating to any individual registrant is filed by such registrant solely on its own behalf, and is not, and shall not, be deemed to be filed or disclosed by any other registrant.<br></P><!-- PageBreak START -->
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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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  	&nbsp;&nbsp;
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  <I>
  	July 2, 2007
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  	&nbsp;
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  <I>
  	By:
  </I>
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  	&nbsp;
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  <I>
  	Jeffrey M. Stone
  </I>
  <BR>
  </FONT>
  </TD>
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  <FONT SIZE="2">
  	&nbsp;
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  	&nbsp;
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  <I>
  	Name: Jeffrey M. Stone
  </I>
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  <I>
  	Title: Chief Accounting Officer, Progress Energy, Inc. and Carolina Power & Light Company, d/b/a Progress Energy Carolinas, Inc.
  </I>
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_21238.htm", "description": "LIVE FILING", "secsgml_size_bytes": 12887}]
metadata_filer: [{"company-data": {"conformed-name": "CAROLINA POWER & LIGHT CO", "cik": "0000017797", "assigned-sic": "4911", "irs-number": "560165465", "state-of-incorporation": "NC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-03382", "film-number": "07956399"}, "business-address": {"street1": "410 S. WILMINGTON STREET", "city": "RALEIGH", "state": "NC", "zip": "27601", "phone": "9195466111"}, "mail-address": {"street1": "410 S. WILMINGTON STREET", "city": "RALEIGH", "state": "NC", "zip": "27601"}}, {"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": "07956400"}, "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):
  June 29, 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
  Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  North Carolina
  1-3382
  56-0165465
  _____________________
  (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
  n/a
  ______________________________________________
  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 1.01 Entry into a Material Definitive Agreement.
  In connection with the previously announced retirement of the Carolina Power & Light d/b/a Progress Energy Carolinas, Inc.'s (the "Company") President and Chief Executive Officer Fred N. Day IV, Progress Energy, Inc. agreed to accelerate the vesting of 18,167 shares of restricted stock and 4,584 restricted stock units to June 30, 2007, the date of Mr. Day's retirement.  The affected grants of restricted stock and restricted stock units have been previously disclosed in the Company's proxy statements and in the Company's Form 8-K filed March 26, 2007.  Upon Mr. Day's retirement, the Employment Agreement between him and the Company expired in accordance with its terms.
  Item 1.02 Termination of a Material Definitive Agreement.
  The information concerning the retirement of Mr. Day from the Company and the termination of his Employment Agreement with the Company presented in Item 1.01 above is incorporated by reference into this Item 1.02.
  __________________________________________________________________________________________
  This combined Form 8-K is filed separately by two registrants: Progress Energy, Inc. and Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc.  Information contained herein relating to any individual registrant is filed by such registrant solely on its own behalf, and is not, and shall not, be deemed to be filed or disclosed by any other registrant.
  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.
  July 2, 2007
  By:
  Jeffrey M. Stone
  Name: Jeffrey M. Stone
  Title: Chief Accounting Officer, Progress Energy, Inc. and Carolina Power & Light Company, d/b/a Progress Energy Carolinas, Inc.