**Exhibit      No. 21**

**PROGRESS      ENERGY, INC. **

| Carolina                Power & Light Company d/b/a Progress Energy Carolinas,                Inc. | North                Carolina |
|--------------------------------------------------------------------------------------------------------|-------------------------------|
| CaroFinancial,                Inc.                                                                     | North                Carolina |
|                                                                                                   |                          |
| Florida                Progress Corporation                                                            | Florida                       |
| Florida                Power Corporation d/b/a/ Progress Energy Florida, Inc.                          | Florida                       |
| Progress                Capital Holdings, Inc.                                                         | Florida                       |
| Progress                Telecommunications Corporation                                                 | Florida                       |
| Progress                Fuels Corporation                                                              | Florida                       |
| EFC                Synfuel LLC                                                                         | Delaware                      |
| Ceredo                Synfuel LLC                                                                      | Delaware                      |
| Solid                Energy LLC                                                                        | Delaware                      |
| Kanawha                River Terminals, Inc.                                                           | Florida                       |
| Black                Hawk Synfuel LLC                                                                  | Delaware                      |
|                                                                                                   |                          |
| PV                Holdings, Inc.                                                                       | North                Carolina |
| Progress                Ventures, Inc. d/b/a Progress Energy Ventures, Inc.                            | North                Carolina |
| Progress                Genco Ventures, LLC                                                            | North                Carolina |
| PV                Synfuels, LLC                                                                        | North                Carolina |
| Solid                Fuel, LLC                                                                         | Delaware                      |
| Sandy                River Synfuel, LLC                                                                | Delaware                      |
|                                                                                                   |                          |
| Progress                Energy Service Company, LLC                                                    | North                Carolina |