**Exhibit      No. 12(a)**

**PROGRESS      ENERGY, INC.**

|                                                                      |   |     |      |   |   |   |   |   |   |   |   |
|---------------------------------------------------------------------------|--------|----------|-----------|--------|--------|--------|--------|--------|--------|--------|--------|
| (dollars                in millions)                                      |   | **2006** |      | 2005   |   | 2004   |   | 2003   |   | 2002   |   |
| Earnings,                as defined:                                      |   |     |      |   |   |   |   |   |   |   |   |
| Income                from continuing operations before minority interest |   | **$**    | **523**   |   | $      | 692    |   | $      | 654    |   | $      | 771 |   | $ | 546 |   |
| Fixed                charges, as below                                    |   |     | **651**   |   |   | 606    |   |   | 591    |   |   | 590 |   |   | 632 |   |
| Preferred                dividend requirements                            |   |     | **(7**    | **)**  |   | (7     | )      |   | (7     | )      |   | (7 | ) |   | (7 | ) |
| Minority                interest                                          |   |     | **(9**    | **)**  |   | 29     |   |   | 19     |   |   | - |   |   | - |   |
| Income                taxes, as below                                     |   |     | **199**   |   |   | (42    | )      |   | 62     |   |   | (138 | ) |   | (152 | ) |
| Total                earnings, as defined                                 |   | **$**    | **1,357** |   | $      | 1,278  |   | $      | 1,319  |   | $      | 1,216 |   | $ | 1,019 |   |
|                                                                      |   |     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                Charges, as defined:                                 |   |     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                on long-term debt                                 |   | **$**    | **619**   |   | $      | 566    |   | $      | 529    |   | $      | 543 |   | $ | 541 |   |
| Other                interest                                             |   |     | **13**    |   |   | 21     |   |   | 43     |   |   | 27 |   |   | 71 |   |
| Imputed                interest factor in rentals - charged               |   |     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| principally                to operating expenses                          |   |     | **12**    |   |   | 12     |   |   | 12     |   |   | 13 |   |   | 13 |   |
| Preferred                dividend requirements of subsidiaries            |   |     | **7**     |   |   | 7      |   |   | 7      |   |   | 7 |   |   | 7 |   |
| Total                fixed charges, as defined                            |   | **$**    | **651**   |   | $      | 606    |   | $      | 591    |   | $      | 590 |   | $ | 632 |   |
|                                                                      |   |     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                Taxes:                                              |   |     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                tax expense (benefit)                               |   | **$**    | **204**   |   | $      | (37    | )      | $      | 67     |   | $      | (130 | ) | $ | (144 | ) |
| Included                in AFUDC - deferred taxes in                      |   |     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| book                depreciation                                          |   |     | **(5**    | **)**  |   | (5     | )      |   | (5     | )      |   | (8 | ) |   | (8 | ) |
| Total                income taxes                                         |   | **$**    | **199**   |   | $      | (42    | )      | $      | 62     |   | $      | (138 | ) | $ | (152 | ) |
|                                                                      |   |     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                of Earnings to Fixed Charges                         |   |     | **2.08**  |   |   | 2.11   |   |   | 2.23   |   |   | 2.06 |   |   | 1.61 |   |
|                                                                      |   |     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |