Exhibit No. 12(a)

PROGRESS ENERGY, INC.

Computation of Ratio of Earnings to Fixed Charges

For the Years Ended December 31

(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