As filed with the Securities and Exchange Commission on May 30, 2002
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): May 30, 2002
PROGRESS ENERGY, INC.
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(Exact name of registrant as specified in its charter)
North Carolina 1-15929 56-2155481
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
410 S. Wilmington Street, Raleigh, North Carolina 27601-1748
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(Address of principal executive offices)
Registrant's telephone number, including area code: (919) 546-6111
NONE
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(Former name, former address and former fiscal year, if changed from last
report)
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 May 30, 2002, Progress Energy issued a Quarterly Report to Holders of
Contingent Value Obligations for the Quarter Ended March 31, 2002 (the "CVO
Report"). A copy of the CVO Report 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 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.
This 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
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. 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.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) EXHIBITS.
99.1 Quarterly Report to Holders of Contingent Value Obligations for
the Quarter Ended March 31, 2002.
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.
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Registrant
By: /s/ William D. Johnson
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William D. Johnson
Executive Vice President
Date: May 30, 2002
EXHIBIT INDEX
Exhibit No. Exhibit Description
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99.1 Quarterly Report to Holders of Contingent Value
Obligations for the Quarter Ended March 31, 2002