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As filed with the Securities and Exchange Commission on January 22, 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):
January 22, 2001
Commission File Exact name of registrant as specified in its State of I.R.S. Employer
Number charter, state of incorporation, address of Incorporation Identification Number
principal executive offices, and telephone number
1-15929 Progress Energy, Inc. North Carolina 56-2155481
411 Fayetteville Street
Raleigh, North Carolina 27601-1748
Telephone: (919) 546-6411
The address of the registrant has not changed since the 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.
On January 22, 2001, Progress Energy issued a press release. A copy of
the press release is being furnished as Exhibit 99.1. Exhibit 99.1 is
incorporated by reference into this Item 9.
Progress Energy regards any information provided in the press release
to be current and accurate only as of the date of the press release 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 press release, regarding Progress Energy
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 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 Securities and
Exchange Commission under the Public Utility Holding Company Act of 1935, as
amended, the North Carolina Utilities Commission, the Public Service Commission
of South Carolina and the Florida Public Service Commission); general industry
trends; operation of nuclear power facilities; availability of nuclear waste
storage facilities; nuclear decommissioning costs; changes in the economy of
areas served by Carolina Power & Light Company, North Carolina Natural Gas
Company or Florida Progress Corporation; legislative and regulatory initiatives
that impact the speed and degree of industry restructuring; ability to obtain
adequate and timely rate recovery of costs, including potential stranded costs
arising from industry restructuring; competition from other energy and gas
suppliers; the success of Progress Energy's direct and indirect subsidiaries;
weather conditions and catastrophic weather-related damage; market demand for
energy; inflation; capital market conditions; failure of the potential benefits
of Progress Energy's share exchange with Florida Progress Corporation to
materialize; failure of the potential benefits of Carolina Power & Light's
conversion to a holding company structure to materialize; 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; ability to
access and utilize the gas expansion fund established by the North Carolina
Utilities Commission; unanticipated changes in operating expenses and capital
expenditures; and
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legal and administrative proceedings. 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/ Peter M. Scott III
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Peter M. Scott III
Executive Vice President and
Chief Financial Officer
Date: January 22, 2001
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Index to Exhibits
Exhibit No. Description
99.1 Press Release, dated January 22, 2001
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