As filed with the Securities and Exchange Commission on October 24, 2001


                       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):
                                October 24, 2001

Commission    Exact name of registrant as specified in its     I.R.S. Employer
File Number   charter, state of incorporation, address of      Identification
              principal executive offices, and telephone       Number
              number

1-15929       Progress Energy, Inc.                            56-2155481
              410 S. Wilmington 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.



ITEM 5. OTHER EVENTS

        On October 24, 2001 the Registrant issued a press release announcing its
2001 third quarter earnings. Portions of such press release were filed as
Exhibit 99.1 to a Form 8-k filed October 24, 2001.

        The Company held a conference call with the financial community on
October 24, 2001 to discuss the Company's third quarter financial results.
During the call, Peter Scott, Executive Vice President and Chief Financial
Officer, clarified that the Company's earnings guidance of $3.35 to $3.45 per
share for 2001 is for operating earnings, before any non-recurring charges.



                                   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/ Robert H. Bazemore, Jr.
                                ------------------------------------
                                  Robert H. Bazemore, Jr.
                                  Vice President and Controller

Date:  October 24, 2001