[Federal Register Volume 67, Number 69 (Wednesday, April 10, 2002)]
[Notices]
[Page 17475]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-8643]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration on the Pacific Exchange, Inc. (Progress Energy, Inc., 
Common Stock, No Par Value) File No. 1-15929

April 4, 2002.
    Progress Energy, Inc., a North Carolina corporation (``Issuer''), 
has filed an application with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 12(d) of the Securities Exchange 
Act of 1934 (``Act'') \1\ and Rule 12d2-2(d) thereunder,\2\ to withdraw 
its Common Stock, no par value (``Security''), from listing and 
registration on the Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has complied with PCX 
Rule 5.4(b) that governs the removal of securities from listing and 
registration on the Exchange. In making the decision to withdraw the 
Security from listing and registration on the PCX, the Issuer 
considered the direct and indirect costs associated with maintaining 
dual listings. The Issuer stated in its application that it will 
maintain its listing on the New York Stock Exchange (``NYSE''). The 
Issuer's application relates solely to the Security's withdrawal from 
listing on the PCX and shall not affect its listing on the NYSE or 
registration under Section 12(b) of the Act.\3\
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    \3\ 15 U.S.C. 781(b).
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    Any interested person may, on or before April 26, 2002, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW, Washington, DC 20549-0609, facts bearing upon whether 
the application has been made in accordance with the rules of the PCX 
and what terms, if any, should be imposed by the Commission for the 
protection of investors. The Commission, based on the information 
submitted to it, will issue an order granting the application after the 
date mentioned above, unless the Commission determines to order a 
hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority. \4\
Jonathan G. Katz,
Secretary.
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    \4\ 17 CFR 200.30-3(a)(1).
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[FR Doc. 02-8643 Filed 4-9-02; 8:45 am]
BILLING CODE 8010-01-P