AsUNITED filedSTATES withSECURITIES theAND SecuritiesEXCHANGE andCOMMISSION Exchange Commission on June 24WASHINGTON, 2003DC 20549

SECURITIESFORM AND EXCHANGE COMMISSION 8-K

Washington,CURRENT D.C.REPORT 20549PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~FORM~~ Date ~~8-K~~of Report (Date of earliest event reported): August 31, 2005

CURRENT REPORT

Commission File Number	Exact names of registrants as specified in their charters, address of principal executive offices, telephone number and state of incorporation	IRS Employer Identification Number
1-15929 1-8349 1-3274	PROGRESS ENERGY, INC. 410 South Wilmington Street Raleigh, North Carolina 27601-1748 Telephone: (919) 546-6111 State of Incorporation: North Carolina FLORIDA PROGRESS CORPORATION 410 South Wilmington Street Raleigh, North Carolina 27601-1748 Telephone: (919) 546-6111 State of Incorporation: Florida FLORIDA POWER CORPORATION d/b/a Progress Energy Florida, Inc. 100 Central Avenue St. Petersburg, Florida 33701-3324 Telephone: (727) 820-5151 State of Incorporation: Florida	56-2155481 59-2147112 59-0247770

~~Pursuant~~None to(Former ~~Section~~Name 13 or ~~15(d)~~Former ofAddress, ~~the~~if ~~Securities~~Changed ~~Exchange~~Since ~~Act~~Last ~~of 1934~~ Report)

~~Date~~ Check the ofappropriate ~~report~~box ~~(date~~below ofif ~~earliest~~the ~~event~~Form ~~reported):~~8-K ~~June~~filing is intended to simultaneously satisfy the ~~24,~~filing ~~2003~~obligation of the registrant under any of the following provisions:

CommissionFile Number	Exact name of registrants as specified in their charters,state of incorporation, address of principal executive offices,and telephone number	I.R.S. EmployerIdentificationNumber
1-15929	Progress Energy, Inc.	56-2155481
	410 South Wilmington Street Raleigh, North Carolina 27601-1748 Telephone: (919) 546-6411 State of Incorporation: North Carolina
1-8349	Florida Progress Corporation	59-2147112
	410 South Wilmington Street Raleigh, North Carolina 27601 Telephone: (919) 546-6111 State of Incorporation: Florida

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~The~~This ~~address~~combined ofForm ~~the~~8-K is filed separately by three registrants: ~~has~~Progress Energy, Inc., Florida Progress Corporation and Florida Power Corporation d/b/a Progress Energy Florida, Inc. Information contained herein relating to any individual registrant is filed by such registrant solely on its own behalf, and is not, ~~changed~~and ~~since~~shall ~~the~~not, ~~last~~be ~~report~~deemed to be filed or disclosed by any other registrant.

This combinedSection Form 8-K is– filedOther separately by two registrants: Progress Energy, Inc. and Events

~~Florida~~Item ~~Progress Corporation~~8.01 ~~Information~~Other ~~contained herein relating to any individual~~ Events.

~~registrant~~On August 31, 2005, Florida Power Corporation d/b/a Progress Energy Florida, Inc. (“PEF”) and all of the intervenors in its rate case filing signed a Stipulation and Settlement Agreement (the “Agreement”) regarding PEF’s retail base rates. The Agreement, a copy of which is ~~filed~~attached as Exhibit 99.1 and incorporated herein by ~~such~~reference, ~~registrant~~is ~~solely~~subject onto approval ~~its~~by ~~own~~the ~~behalf~~Florida Public Service Commission (“FPSC”). If approved, the Agreement would (i) resolve all matters in PEF’s pending retail rate case and (ii) result in the dismissal of several appeals to the Florida Supreme Court of the FPSC’s recent order authorizing PEF to collect more than $232 million in costs associated with PEF’s 2004 hurricane restoration efforts.

~~ITEM~~Caution 5.regarding ~~OTHER~~forward-looking statements: ~~EVENTS.~~

OnThis ~~June~~report ~~24,~~contains ~~2003,~~forward-looking information inwithin ~~connection~~the ~~with~~meaning ~~its~~of ~~participation~~the insafe harbor provisions of the ~~Internal~~Private ~~Revenue~~Securities Litigation ~~Service’s~~Reform ~~Pre-Filing~~Act ~~Agreement~~of ~~program,~~1995. Progress Energy, Inc. ~~issued~~(“Progress aEnergy”), Florida ~~press~~Progress ~~release~~Corporation ~~regarding~~(“FPC”) ~~its~~and ~~coal-based~~PEF ~~synthetic~~caution ~~fuel~~that ~~operations.~~there Acan ~~copy~~be no assurance that approval of ~~this~~the ~~release~~Stipulation isand ~~attached~~Settlement asAgreement ~~Exhibit~~will 99be received from the FPSC.1 Failure to ~~this~~obtain ~~Current~~such ~~Report~~approval onwould ~~Form~~result ~~8-K~~in a continuation of PEF’s currently filed rate case, the results of which cannot be determined. Progress Energy, PFC and ~~incorporated~~PEF expressly ~~herein~~disclaim byany ~~reference~~duty to update any of the forward-looking information.

TheSection press9 release– containsFinancial informationStatements relatingand to the coal-based synthetic fuel operations of Florida Progress Corporation. Accordingly, this report is also being filed on behalf of Florida Progress Corporation. Exhibits

2Item 9.01 – Financial Statements and Exhibits

~~SIGNATURES~~ (c) Exhibits

~~Pursuant to the requirements of the Securities Exchange Act of 1934, each of the Registrants has duly caused this report to be signed on its behalf by the~~ 99.1 ~~undersigned~~ Stipulation ~~hereunto~~and ~~duly~~Settlement ~~authorized.~~ Agreement

~~PROGRESS~~SIGNATURES ~~ENERGY, INC. FLORIDA PROGRESS CORPORATION Registrants By: /s/ Peter M. Scott III Peter M. Scott III Executive Vice President and Chief Financial Officer~~

~~Date:~~ Pursuant to ~~June~~the 24requirements of the Securities Exchange Act of 1934, ~~2003~~the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

3PROGRESS ENERGY, INC., FLORIDA PROGRESS CORPORATION and FLORIDA POWER CORPORATION d/b/a PROGRESS ENERGY FLORIDA, INC. Registrants By: /s/ Jeffrey M. Stone Jeffrey M. Stone Controller (Chief Accounting Officer)

~~INDEX~~Date: TOAugust ~~EXHIBITS~~31, 2005

Exhibit No.		Description
99.1		Press Release dated June 24, 2003 regarding Progress Energy, Inc.’s coal-based synthetic fuel operations.

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