UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.

Date of Report: September 10, 2004
(Date of earliest event reported)

Prospect Energy Corporation
(Exact name of registrant as specified in its charter) NY
(State or other jurisdiction of incorporation)   333-114552
(Commission File Number)   43-2048643
(IRS Employer Indentification Number)   10 East 40th Street
(Address of principal executive offices) 10016
(Zip Code)  
Registrant's telephone number, including area code: 212 448-0702 x. 11


Item 9.01. Financial Statements and Exhibits
(c) Exhibits
99.1       Press Release of Prospect Energy Corporation dated September 10, 2004


SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 10, 2004
PROSPECT ENERGY CORPORATION

By:  /s/ Daria Becker                    
     Daria Becker
     VP