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As filed with the Securities and Exchange Commission on March 16, 2001
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
March 15, 2001
Commission File Exact name of registrant as specified in its charter, state I.R.S. Employer
Number of incorporation, address of principal executive offices, Identification Number
and telephone number
1-15929 Progress Energy, Inc. 56-2155481
411 Fayetteville Street
Raleigh, North Carolina 27601-1748
Telephone: (919) 546-6411
State of Incorporation: North Carolina
The address of the registrant has not changed since the last report.
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(Former name or former address, if changed since last report)
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ITEM 9: REGULATION FD DISCLOSURE
The information in this report (including the exhibit) is furnished
pursuant to Item 9 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. that the information is material or that the
dissemination of the information is required by Regulation FD.
Analyst Presentation
Mr. Peter Scott, the Executive Vice President and Chief Financial Officer
of Progress Energy, intends to make a presentation at the Morgan Stanley Global
Electricity and Energy Conference on March 15, 2001.
A copy of the slides to be presented and discussed at the conference is
being furnished as Exhibit 99.1. Exhibit 99.1 is incorporated by reference into
this Item 9.
Progress Energy regards any information provided at the conference,
including the slides, to be current and accurate only as of the date of the
conference and specifically disclaims any duty to update such information unless
it is necessary to do so in accordance with applicable law.
This report, including the slides, regarding Progress Energy contain(s)
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 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:
governmental policies and regulatory actions (including those of the Federal
Energy Regulatory Commission, the Environmental Protection Agency, the Nuclear
Regulatory Commission, the Department of Energy, the North Carolina Utilities
Commission, the Public Service Commission of South Carolina and the Florida
Public Service Commission), particularly legislative and regulatory initiatives
that may impact the speed and degree of the restructuring of the electricity
industry; the outcome of legal and administrative proceedings before our
principal regulators; risks associated with operating nuclear power facilities,
availability of nuclear waste storage facilities, and nuclear decommissioning
costs; changes in the economy of areas served by Carolina Power & Light Company,
Florida Power Corporation or North Carolina Natural Gas Corporation; the extent
to which we are able to obtain adequate and timely rate recovery of costs,
including potential stranded costs arising from the restructuring of the
electricity industry; weather conditions and catastrophic weather-related
damage; general industry trends, increased competition from energy and gas
suppliers, and market demand for energy; inflation and capital market
conditions; the extent to which we are able to realize the potential benefits of
our recent acquisition of Florida Progress Corporation and
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successfully integrate it with the remainder of our business; the extent to
which we are able to realize the potential benefits of the conversion of
Carolina Power & Light Company to a non-regulated holding company structure and
the success of our direct and indirect subsidiaries; the extent to which we are
able to use tax credits associated with the operations of the synthetic fuel
facilities; the extent to which we are able to reduce our capital expenditures
through the utilization of the natural gas expansion fund established by the
North Carolina Utilities Commission; and unanticipated changes in operating
expenses and capital expenditures. 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.
Any 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 made.
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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.
Registrant
By: /s/ William D. Johnson
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William D. Johnson
Executive Vice President
Date: March 15, 2001
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INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Slide Presentation for Morgan Stanley Global
Electricity and Energy Conference, March 15,
2001.
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