0000950144-06-000266 Sample Contracts

CALCULATION AGENCY AGREEMENT BETWEEN PROGRESS ENERGY, INC. AND J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION SERIES A FLOATING RATE SENIOR NOTES DUE 2010
Calculation Agency Agreement • January 13th, 2006 • Progress Energy Inc • Electric services • New York

THIS AGREEMENT is made as of January 13, 2006, between PROGRESS ENERGY, INC., a North Carolina corporation, whose principal executive office is at 410 South Wilmington Street, Raleigh, North Carolina 27601 (the “Corporation”), and J.P. Morgan Trust Company, National Association, a national banking association, having a corporate trust office located at 227 West Monroe Street, Suite 2600, Chicago, Illinois 60606 (together with any successor, the “Calculation Agent”).

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PROGRESS ENERGY, INC. Series A Floating Rate Senior Notes due 2010 UNDERWRITING AGREEMENT
Underwriting Agreement • January 13th, 2006 • Progress Energy Inc • Electric services

The undersigned Progress Energy, Inc., (the “Company”) hereby confirms its agreement with each of the several Underwriters hereinafter named as follows:

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