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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 12, 2008</B>

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<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)
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    <TD width="32%">&nbsp;</TD>
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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 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>
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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;8.01. &nbsp;Other Events.</B>


<P align="left" style="font-size: 10pt">On September&nbsp;12, 2008, J. Eric Pike, Chairman and CEO of Pike Electric Corporation (the &#147;Company&#148;), adopted a
prearranged, non-discretionary trading plan in accordance with Rule&nbsp;10b5-1 under the Securities Exchange Act of 1934,
as well as the Company&#146;s policies with respect to sales of shares held by insiders. Mr.&nbsp;Pike stated that his purpose
for adopting the plan was to &#147;provide for a mechanism to diversify my personal holdings in connection with my estate
planning goals and at the same time engage in an orderly manner of sale that reflects my continued belief in the
long-term value of Pike Electric&#146;s stock. To this end, I intend to retain ownership of a substantial number of my
shares.&#148;


<P align="left" style="font-size: 10pt">The plan entered into by Mr.&nbsp;Pike allows for the planned sales of up to 300,000 shares of common stock. The plan
covers the period from October&nbsp;13, 2008 through February&nbsp;12, 2009. If all shares covered by the plan are sold, Mr.
Pike will then own 2,406,109 shares of common stock (including exercisable options), or approximately 89% percent of
his current ownership position in the Company. All transactions under the plan will be disclosed with the Securities
and Exchange Commission through Form&nbsp;144 and Form&nbsp;4 filings.


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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.



<P align="left" style="margin-left:45%; font-size: 10pt"><B>PIKE ELECTRIC CORPORATION</B>


<P align="left" style="font-size: 10pt">Date: September&nbsp;12, 2008



<P align="left" style="margin-left:45%; font-size: 10pt; margin-top: -11pt">By: <U><B>/</B>s/ James R. Fox&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
Name: James R. Fox
<BR>
Title: Vice President and General Counsel


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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": "081069692"}, "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 12, 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 8.01.  Other Events.
On September 12, 2008, J. Eric Pike, Chairman and CEO of Pike Electric Corporation (the "Company"), adopted a
prearranged, non-discretionary trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934,
as well as the Company's policies with respect to sales of shares held by insiders. Mr. Pike stated that his purpose
for adopting the plan was to "provide for a mechanism to diversify my personal holdings in connection with my estate
planning goals and at the same time engage in an orderly manner of sale that reflects my continued belief in the
long-term value of Pike Electric's stock. To this end, I intend to retain ownership of a substantial number of my
shares."
The plan entered into by Mr. Pike allows for the planned sales of up to 300,000 shares of common stock. The plan
covers the period from October 13, 2008 through February 12, 2009. If all shares covered by the plan are sold, Mr.
Pike will then own 2,406,109 shares of common stock (including exercisable options), or approximately 89% percent of
his current ownership position in the Company. All transactions under the plan will be disclosed with the Securities
and Exchange Commission through Form 144 and Form 4 filings.
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 12, 2008
By:
/
s/ James R. Fox
Name: James R. Fox
Title: Vice President and General Counsel