S. Wilmington Street, Raleigh, North Carolina 27601-1748
(Address of Principal Executive Offices) (Zip Code)
Telephone Number, Including Area Code)
(Former Name or Former
Address, if Changed Since Last Report)
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)
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
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
ITEM 7.01 REGULATION FD DISCLOSURE.
information in this report (including the exhibit) is furnished pursuant to Item 7.01 and
shall not be deemed filed for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.
The furnishing of this report is not intended to constitute a determination by Progress
Energy, Inc. (Progress Energy) that the information is material or that the
dissemination of the information is required by Regulation FD.
April 18, 2005, Progress Energy completed a Quarterly Report to Holders of Contingent Value
Obligations for the Quarter Ended December 31, 2004. A copy of the CVO Report is being furnished as Exhibit 99.1. Exhibit 99.1 is
incorporated by reference into this Item 7.01.
Energy regards any information provided in the CVO Report to be current and accurate only
as of the date of the CVO Report and specifically disclaims any duty to update such
information unless it is necessary to do so in accordance with applicable law.
report, including the CVO Report, contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The
forward-looking statements involve estimates, projections, goals, forecasts, assumptions,
risks and uncertainties that could cause actual results or outcomes to differ materially
from those expressed in or implied by the forward-looking statements. Examples of factors
that you should consider with respect to any forward-looking statements made throughout
this document include but are not limited to, the following: factors affecting the
synthetic fuel plants, including cash flows derived from the synthetic fuel plants, market
acceptance of synthetic fuel, competition from competing products, impacts of
environmental regulations on potential buyers of synthetic fuel, and income tax issues
related to synthetic fuel tax credits, including a determination from governmental
authorities that Progress Energy does not qualify for Section 29 tax credits for its
synthetic fuel facilities. All such factors are difficult to predict, contain
uncertainties that may materially affect actual results, and may be beyond the control of
Progress Energy. New factors emerge from time to time, and it is not possible for
management to predict all of such factors, nor can it assess the effect of each such
factor on Progress Energy.
forward-looking statement speaks only as of the date on which such statement is made, and
Progress Energy does not undertake any obligation to update any forward-looking statement
or statements to reflect events or circumstances after the date on which such statement is
FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
99.1 Quarterly Report to Holders of Contingent Value Obligations for the Quarter Ended
December 31, 2004.
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.
By: /s/ Robert H. Bazemore, Jr.
Robert H. Bazemore, Jr.
Chief Accounting Officer and
Date: April 18, 2005
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