**Exhibit      No. 12(a)**

**PROGRESS      ENERGY, INC.**

|                                                                      |     |      |   |   |   |
|---------------------------------------------------------------------------|----------|-----------|--------|--------|--------|
| (dollars                in millions)                                      | **2005** | 2004      | 2003   | 2002   | 2001   |
|                                                                      |     |      |   |   |   |
| Earnings,                as defined:                                      |     |      |   |   |   |
| Income                from continuing operations before minority interest | **$**    | **701**   | $      | 712    | **$**  | 813 | **$** | 590 | **$** | 723 |
| Fixed                charges, as below                                    |     | **680**   |   | 667    |   | 659 |   | 683 |   | 688 |
| Amortization                of capitalized interest                       |     | **2**     |   | 1      |   | 1 |   | - |   | - |
| Preferred                dividend requirements                            |     | **(7)**   |   | (7)    |   | (7) |   | (7) |   | (7) |
| Minority                interest                                          |     | **26**    |   | 17     |   | (2) |   | (1) |   | (2) |
| Capitalized                interest                                       |     | **(4)**   |   | (7)    |   | (20) |   | (38) |   | - |
| Income                taxes, as below                                     |     | **(50)**  |   | 101    |   | (121) |   | (154) |   | (71) |
| Total                earnings, as defined                                 | **$**    | **1,348** | $      | 1,484  | **$**  | 1,323 | **$** | 1,073 | **$** | 1,331 |
|                                                                      |     |      |   |   |   |   |   |   |   |   |
| Fixed                Charges, as defined:                                 |     |      |   |   |   |   |   |   |   |   |
| Interest                on long-term debt                                 | **$**    | **619**   | $      | 580    | **$**  | 592 | **$** | 577 | **$** | 556 |
| Other                interest                                             |     | **38**    |   | 61     |   | 42 |   | 80 |   | 112 |
| Imputed                interest factor in rentals - charged               |     |      |   |   |   |   |   |   |   |   |
| principally                to operating expenses                          |     | **16**    |   | 19     |   | 18 |   | 19 |   | 13 |
| Preferred                dividend requirements of subsidiaries            |     | **7**     |   | 7      |   | 7 |   | 7 |   | 7 |
| Total                fixed charges, as defined                            | **$**    | **680**   | $      | 667    | **$**  | 659 | **$** | 683 | **$** | 688 |
|                                                                      |     |      |   |   |   |   |   |   |   |   |
| Income                Taxes:                                              |     |      |   |   |   |   |   |   |   |   |
| Income                tax expense (benefit)                               | **$**    | **(45)**  | $      | 106    | **$**  | (113) | **$** | (146) | **$** | (63) |
| Included                in AFUDC - deferred taxes in                      |     |      |   |   |   |   |   |   |   |   |
| book                depreciation                                          |     | **(5)**   |   | (5)    |   | (8) |   | (8) |   | (8) |
| Total                income taxes                                         | **$**    | **(50)**  | $      | 101    | **$**  | (121) | **$** | (154) | **$** | (71) |
|                                                                      |     |      |   |   |   |   |   |   |   |   |
| Ratio                of Earnings to Fixed Charges                         |     | **1.98**  |   | 2.22   |   | 2.01 |   | 1.57 |   | 1.93 |
|                                                                      |     |      |   |   |   |   |   |   |   |   |