Exhibit No. 12(a)





PROGRESS
ENERGY, INC.


Computation
of Ratio of Earnings to Fixed Charges


For the
Years Ended December 31





(dollars
      in millions)
                      
                      2008
                      
                      
                      2007
                      
                      
                      2006
                      
                      
                      2005
                      
                      
                      2004EARNINGS,
      AS DEFINED:Income
      from continuing operations before minority interest
                      
                      $
                      778
                      
                      
                      $
                      702
                      
                      
                      $
                      567
                      
                      
                      $
                      527
                      
                      
                      $
                      552Fixed
      charges, as below
                      
                      
                      698
                      
                      
                      
                      625
                      
                      
                      
                      652
                      
                      
                      
                      607
                      
                      
                      
                      588Preferred
      dividend requirements
                      
                      
                      (7
                      )
                      
                      
                      (7
                      )
                      
                      
                      (7
                      )
                      
                      
                      (6
                      )
                      
                      
                      (7
                      )Minority
      interest
                      
                      
                      (5
                      )
                      
                      
                      (9
                      )
                      
                      
                      (16
                      )
                      
                      
                      (4
                      )
                      
                      
                      –Income
      taxes, as below
                      
                      
                      390
                      
                      
                      
                      329
                      
                      
                      
                      334
                      
                      
                      
                      293
                      
                      
                      
                      333Total
      earnings, as defined
                      
                      $
                      1,854
                      
                      
                      $
                      1,640
                      
                      
                      $
                      1,530
                      
                      
                      $
                      1,417
                      
                      
                      $
                      1,466FIXED
      CHARGES, AS DEFINED:Interest
      on long-term debt
                      
                      $
                      618
                      
                      
                      $
                      553
                      
                      
                      $
                      619
                      
                      
                      $
                      565
                      
                      
                      $
                      526Other
      interest
                      
                      
                      61
                      
                      
                      
                      52
                      
                      
                      
                      12
                      
                      
                      
                      23
                      
                      
                      
                      43Imputed
      interest factor in rentals – chargedprincipally
      to operating expenses
                      
                      
                      12
                      
                      
                      
                      13
                      
                      
                      
                      14
                      
                      
                      
                      13
                      
                      
                      
                      12Preferred
      dividend requirements of subsidiaries
                      
                      
                      7
                      
                      
                      
                      7
                      
                      
                      
                      7
                      
                      
                      
                      6
                      
                      
                      
                      7Total
      fixed charges, as defined
                      
                      $
                      698
                      
                      
                      $
                      625
                      
                      
                      $
                      652
                      
                      
                      $
                      607
                      
                      
                      $
                      588INCOME
      TAXES:Income
      tax expense (benefit)
                      
                      $
                      395
                      
                      
                      $
                      334
                      
                      
                      $
                      339
                      
                      
                      $
                      298
                      
                      
                      $
                      338Included
      in AFUDC – deferred taxes inbook
      depreciation
                      
                      
                      (5
                      )
                      
                      
                      (5
                      )
                      
                      
                      (5
                      )
                      
                      
                      (5
                      )
                      
                      
                      (5
                      )Total
      income taxes
                      
                      $
                      390
                      
                      
                      $
                      329
                      
                      
                      $
                      334
                      
                      
                      $
                      293
                      
                      
                      $
                      333Ratio
      of Earnings to Fixed Charges
                      
                      
                      2.66
                      
                      
                      
                      2.62
                      
                      
                      
                      2.35
                      
                      
                      
                      2.33
                      
                      
                      
                      2.49