Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 23, 2009, Progress Energy, Inc. (the "Company") announced that Jeffrey J. Lyash, president and chief executive officer of Florida Power Corporation d/b/a Progress Energy Florida, Inc. ("Progress Energy Florida"), has been named executive vice president for Corporate Development for the Company. Vincent M. Dolan will succeed Mr. Lyash as president and chief executive officer of Progress Energy Florida. Both appointments are effective July 6, 2009.