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):
November 30, 2000
Commission Exact name of registrants as specified I.R.S. Employer
File Number in their charters, state of Identification Number
incorporation, address of principal
executive offices, and telephone
number
1-15929 Progress Energy, Inc. 56-2155481
410 South Wilmington Street
Raleigh, North Carolina 27601-1748
Telephone: (919) 546-6111
State of Incorporation: North Carolina
The address of the registrant has not changed since the last report.
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ITEM 5. OTHER EVENTS
The purpose of this Form 8-K is to update certain pro forma financial
information previously filed by Progress Energy in connection with its
acquisition of Florida Progress Corporation on November 30, 2000.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired:
None.
(b) Pro Forma Financial Information:
The Unaudited Pro Forma Combined Condensed Statement of Income for the Year
Ended December 31, 2000 (the "Pro Forma Financial Statement"), which is an
Exhibit to this filing, illustrates the pro forma effects of the share exchange
between Progress Energy and Florida Progress accounted for as a purchase
business combination. The Pro Forma Financial Statement has been prepared as if
the share exchange had been consummated on January 1, 2000, using purchase
accounting adjustments that were calculated based on the preliminary purchase
price allocation as of the date of this filing.
A final determination of required purchase accounting adjustments has not been
completed; accordingly, the purchase accounting adjustments made in the
development of the Pro Forma Financial Statement are preliminary and have been
made solely for purposes of developing the pro forma information. The unaudited
pro forma financial information is presented for illustration purposes only in
accordance with the assumptions set forth therein; is not necessarily indicative
of the operating results that would have occurred based on the share exchange
having occurred as of the dates indicated; nor is it necessarily indicative of
future operating results of the combined enterprise.
The Pro Forma Financial Statement does not contain adjustments to reflect cost
savings or other benefits anticipated as a result of the share exchange and
integration of the companies, nor does it contain anticipated integration costs.
For additional information, the Pro Forma Financial Statement may be read in
conjunction with the following:
1. Progress Energy, Inc.'s financial statements for the year ended December
31, 2000 included in its Form 10-K, filed with the Securities and Exchange
Commission (SEC) on March 28, 2001; Form 10-Q, filed with the SEC on May
15, 2001; and Form 10-Q, filed with the SEC on August 10, 2001.
2. Florida Progress Corporation's financial statements for the year ended
December 31, 2000 included in its Form 10-K, filed with the SEC on March
28, 2001; Form 10-Q, filed with the SEC on May 15, 2001; and Form 10-Q,
filed with the SEC on August 10, 2001.
(c) Exhibits:
99 Progress Energy, Inc. Unaudited Pro Forma Combined Condensed
Statement of Income and related footnotes, for the year ended
December 31, 2000. (filed herewith)
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
By: /s/ Robert H. Bazemore, Jr.
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Robert H. Bazemore, Jr.
Vice President and Controller
(Chief Accounting Officer)
Date: October 23, 2001
INDEX TO EXHIBITS
Exhibit Number Description of Exhibit
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99 Progress Energy, Inc. Unaudited Pro Forma Combined Condensed
Statement of Income and related footnotes, for the year ended
December 31, 2000.