RULE 424(b)(3)
                                                          File No. 33-60014


          PRICING SUPPLEMENT NO. 8      DATED:  January 17, 1995
               (To Prospectus dated September 1, 1993, as supplemented
                         September 1, 1993)


                            CAROLINA POWER & LIGHT COMPANY
                         Secured Medium-Term Notes, Series C
               Due From Nine Months to Thirty Years From Date of Issue
                                    --------------

          Form of Offered Notes:             CUSIP No. 14414E AV 2
               Check blank opposite applicable sentence:

                X  The Offered Notes will be in global book-entry form.
               ---
                   The Offered Notes will be in certificated form.
               ---


          Issue Price:  99.91% of       Issue Date:  January 24, 1995
          the principal amount of       Maturity Date:  January 24, 1997
          the Offered Notes plus        Interest Payment Dates:  May 1 &
          accrued interest from                                  November 1
          January 24, 1995              Record Dates: April 15 & October 15

          Principal Amount:  $60,000,000
          Net Proceeds to CP&L:  $59,856,000

          Interest Rate:
               If Offered Notes have a Fixed Rate:
                    Interest Rate:  7.75%


          If Offered Notes have a Floating Rate:
               Base Rate:

                    -------------------------

               Initial Interest Rate:

                    -------------------------
               Maximum Interest Rate:

                    -------------------------
               Minimum Interest Rate:

                    -------------------------
               Interest Reset Dates:

                    -------------------------
                    
               Interest Reset Period:

                    -------------------------
               Spread [+/-]:

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               Spread Multiplier:

                    -------------------------
               Calculation Date:

                    -------------------------
               Interest Determination
               Dates:

                    -------------------------
               Index Maturity:

                    -------------------------


          Redemption:

                    Check blank opposite applicable sentence:
                          The Offered Notes cannot be redeemed prior to
                      X   maturity.
                     ---
                          The Offered Notes may be redeemed prior to  
                          maturity.
                     ---


          Terms of Redemption:

          Par Date:                Initial Redemption Date:

          Limitation Date:                   Initial Percentage:

          Reduction Percentage:

          Additional Terms:

          Agency Transaction  [ ]*
                 or
          Principal Transaction [X]*

          Name of Principal:  Lehman Brothers Inc.

          ______________________
          *    If the Agency Transaction box is checked, the Offered Notes
               are being offered directly by CP&L through any Agent, acting
               as agent for CP&L.  If the Principal Transaction box is
               checked, however, the Offered Notes have been sold to the
               Agent as principal for resale to purchasers upon terms
               described in the Prospectus Supplement.  If the Principal
               Transaction box is checked and the Offered Notes are being
               offered by the Agent as principal, the Offered Notes were
               purchased by the Agent from CP&L at a price determined as
               provided in the Prospectus Supplement unless otherwise
               stated in the space which follows: