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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): September 1, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>PIKE ELECTRIC CORPORATION<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

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    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-32582</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>20-3112047</B></TD>
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<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>100 Pike Way<BR>Mount Airy, NC<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>27030</B></TD>
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    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(336) 789-2171</B>


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    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not Applicable<BR></B></TD>
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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
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<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="left" style="font-size: 10pt"><B>Item&nbsp;2.01. &nbsp;Completion of Acquisition or Disposition of Assets.</B>
<BR>
&nbsp;


<P align="left" style="font-size: 10pt; text-indent: 4%">On September&nbsp;1, 2008, pursuant to the terms of the Asset Purchase Agreement, dated as of June&nbsp;18, 2008, among Pike
Electric Corporation, a Delaware corporation (the &#147;Company&#148;), Pike Electric, Inc., a North Carolina corporation and a
wholly-owned subsidiary of the Company (&#147;Buyer&#148;), Shaw Energy Delivery Services, Inc. (&#147;Seller&#148;), a subsidiary of The
Shaw Group Inc., as amended August&nbsp;14, 2008 (as so amended, the &#147;Purchase Agreement&#148;), Buyer acquired substantially all
of the assets of Seller (the&nbsp;&#147;Transaction&#148;). The acquired assets related to Seller&#146;s business of designing,
constructing and maintaining power distribution and transmission lines and substations. A copy of the Purchase
Agreement is attached as Exhibit&nbsp;2.1.


<P align="left" style="font-size: 10pt; text-indent: 4%">The terms of the Transaction were described in Item&nbsp;1.01 of the Company&#146;s Current Reports on Form 8-K filed on
June&nbsp;20, 2008 and August&nbsp;14, 2008. The purchase price for the acquired assets consists of approximately $24&nbsp;million in
cash (subject to an adjustment based on working capital as of the closing date) and the assumption of certain specified
liabilities.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.01.&nbsp; Regulation&nbsp;FD Disclosure.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">On September&nbsp;2, 2008, the Company issued a press release announcing the completion of the Transaction, a copy of
which is furnished as Exhibit&nbsp;99.1 hereto.


<P align="left" style="font-size: 10pt">&nbsp;
<BR>
<B>Item&nbsp;9.01. &nbsp;Financial Statements and Exhibits.</B>
<BR>
&nbsp;


<P align="left" style="font-size: 10pt; text-indent: 4%">(a)&nbsp;Financial Statements of Business Acquired.


<P align="left" style="font-size: 10pt; text-indent: 4%">The financial statements required by Item&nbsp;9.01(a)&nbsp;of Form&nbsp;8-K will be filed by amendment to this Current Report on
Form&nbsp;8-K within 71 calendar days after the date this Current Report on Form&nbsp;8-K must be filed.


<P align="left" style="font-size: 10pt; text-indent: 4%">(b)&nbsp;Pro Forma Financial Information.


<P align="left" style="font-size: 10pt; text-indent: 4%">The pro forma financial information required by Item&nbsp;9.01(b)&nbsp;of Form&nbsp;8-K will be filed by amendment to this
Current Report on Form&nbsp;8-K within 71 calendar days after the date this Current Report on Form&nbsp;8-K must be filed.


<P align="left" style="font-size: 10pt; text-indent: 4%">(d)&nbsp;Exhibits.


<P align="left" style="font-size: 10pt; text-indent: 4%">The
following exhibits are filed in accordance with the provisions of Item&nbsp;601 of Regulation&nbsp;S-K:

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    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit&nbsp;No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exhibit Description</B></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Asset Purchase Agreement dated June&nbsp;18, 2008 by and among Pike
Electric, Inc., Shaw Energy Delivery Services, Inc., Pike Electric
Corporation and The Shaw Group, Inc., as amended on August&nbsp;14, 2008
(Schedules and exhibits are omitted pursuant to Regulation&nbsp;S-K,
Item&nbsp;601(b)(2) and will be furnished to the Securities and Exchange
Commission upon request.)</TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release of Pike Electric Corporation, issued September&nbsp;2, 2008</TD>
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<P align="center" style="font-size: 10pt">&nbsp;

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<P align="center" style="font-size: 10pt"><B>Signature</B>



<P align="left" style="font-size: 10pt; text-indent: 3%">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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    <TD nowrap align="left" colspan="3"><B>PIKE ELECTRIC CORPORATION</B><BR>&nbsp;<BR></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: September&nbsp;3, 2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ James R. Fox</TD>
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&nbsp;</DIV></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James R. Fox</TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President and General Counsel</TD>
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<P align="center" style="font-size: 10pt">&nbsp;

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<P align="center" style="font-size: 10pt">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC<BR>
<BR>
EXHIBITS<BR>
<BR>
CURRENT REPORT<BR>
ON<BR>
FORM 8-K

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    <TD nowrap align="right">Commission File No:</TD>
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    <TD nowrap align="left">September 1, 2008</TD>
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    <TD nowrap align="right">1-32582</TD>
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<P align="center" style="font-size: 10pt">PIKE ELECTRIC CORPORATION



<P align="center" style="font-size: 10pt">EXHIBIT INDEX


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    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exhibit Description</B></TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Asset Purchase Agreement dated June&nbsp;18, 2008 by and among Pike
Electric, Inc., Shaw Energy Delivery Services, Inc., Pike Electric
Corporation and The Shaw Group, Inc., as amended on August&nbsp;14, 2008
(Schedules and exhibits are omitted pursuant to Regulation&nbsp;S-K,
Item&nbsp;601(b)(2) and will be furnished to the Securities and Exchange
Commission upon request.)</TD>
</TR>



<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>






<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release of Pike Electric Corporation, issued September&nbsp;2, 2008</TD>
</TR>
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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4




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{"company-data": {"conformed-name": "Pike Electric CORP", "cik": "0001317577", "assigned-sic": "1731", "irs-number": "203112047", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32582", "film-number": "081053872"}, "business-address": {"street1": "100 PIKE WAY", "city": "MOUNT AIRY", "state": "NC", "zip": "27030", "phone": "(336) 789-2171"}, "mail-address": {"street1": "100 PIKE WAY", "city": "MOUNT AIRY", "state": "NC", "zip": "27030"}, "former-company": {"former-conformed-name": "Pike Holdings, Inc.", "date-changed": "20050214"}}
Filed by Bowne Pure Compliance
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): September 1, 2008
PIKE ELECTRIC CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-32582
20-3112047
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
100 Pike Way
Mount Airy, NC
27030
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(336) 789-2171
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01.  Completion of Acquisition or Disposition of Assets.
On September 1, 2008, pursuant to the terms of the Asset Purchase Agreement, dated as of June 18, 2008, among Pike
Electric Corporation, a Delaware corporation (the "Company"), Pike Electric, Inc., a North Carolina corporation and a
wholly-owned subsidiary of the Company ("Buyer"), Shaw Energy Delivery Services, Inc. ("Seller"), a subsidiary of The
Shaw Group Inc., as amended August 14, 2008 (as so amended, the "Purchase Agreement"), Buyer acquired substantially all
of the assets of Seller (the "Transaction"). The acquired assets related to Seller's business of designing,
constructing and maintaining power distribution and transmission lines and substations. A copy of the Purchase
Agreement is attached as Exhibit 2.1.
The terms of the Transaction were described in Item 1.01 of the Company's Current Reports on Form 8-K filed on
June 20, 2008 and August 14, 2008. The purchase price for the acquired assets consists of approximately $24 million in
cash (subject to an adjustment based on working capital as of the closing date) and the assumption of certain specified
liabilities.
Item 7.01.  Regulation FD Disclosure.
On September 2, 2008, the Company issued a press release announcing the completion of the Transaction, a copy of
which is furnished as Exhibit 99.1 hereto.
Item 9.01.  Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
The financial statements required by Item 9.01(a) of Form 8-K will be filed by amendment to this Current Report on
Form 8-K within 71 calendar days after the date this Current Report on Form 8-K must be filed.
(b) Pro Forma Financial Information.
The pro forma financial information required by Item 9.01(b) of Form 8-K will be filed by amendment to this
Current Report on Form 8-K within 71 calendar days after the date this Current Report on Form 8-K must be filed.
(d) Exhibits.
The
following exhibits are filed in accordance with the provisions of Item 601 of Regulation S-K:
Exhibit No.
Exhibit Description
2.1
Asset Purchase Agreement dated June 18, 2008 by and among Pike
Electric, Inc., Shaw Energy Delivery Services, Inc., Pike Electric
Corporation and The Shaw Group, Inc., as amended on August 14, 2008
(Schedules and exhibits are omitted pursuant to Regulation S-K,
Item 601(b)(2) and will be furnished to the Securities and Exchange
Commission upon request.)
99.1
Press Release of Pike Electric Corporation, issued September 2, 2008
Signature
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.
PIKE ELECTRIC CORPORATION
Date: September 3, 2008
By:
/s/ James R. Fox
Name:
James R. Fox
Title:
Vice President and General Counsel
SECURITIES AND EXCHANGE COMMISSION
Washington, DC
EXHIBITS
CURRENT REPORT
ON
FORM 8-K
Date of Event Reported:
Commission File No:
September 1, 2008
1-32582
PIKE ELECTRIC CORPORATION
EXHIBIT INDEX
Exhibit No.
Exhibit Description
2.1
Asset Purchase Agreement dated June 18, 2008 by and among Pike
Electric, Inc., Shaw Energy Delivery Services, Inc., Pike Electric
Corporation and The Shaw Group, Inc., as amended on August 14, 2008
(Schedules and exhibits are omitted pursuant to Regulation S-K,
Item 601(b)(2) and will be furnished to the Securities and Exchange
Commission upon request.)
99.1
Press Release of Pike Electric Corporation, issued September 2, 2008