Item 7.01 Regulation FD Disclosure.

On January 5, 2009, Progress Energy, Inc. issued a press release updating its 2008 earnings guidance to the lower end of the previously announced range of $2.95 to $3.05 per share and announcing ongoing earnings guidance for 2009. A copy of this press release is being furnished as Exhibit 99.1 to this Form 8-K.

The information in this Current Report on Form 8-K, including Exhibit 99.1, 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, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release dated January 5, 2009, with respect to ongoing earnings guidance for 2008 and 2009.