Exhibit No. 12(a)

PROGRESS ENERGY, INC.

Computation of Ratio of Earnings to Fixed Charges

For the Years Ended December 31

(dollars in millions)	2009			2008			2007			2006			2005
EARNINGS, AS DEFINED:
Income from continuing operations	$	840		$	778		$	702		$	567		$	527
Fixed charges, as below		737			698			625			652			607
Preferred dividend requirements		(7	)		(7	)		(7	)		(7	)		(6	)
Income from continuing operations attributable to noncontrolling interests, net of tax		(4	)		(5	)		(9	)		(16	)		(4	)
Income taxes, as below		392			390			329			334			293
Total earnings, as defined	$	1,958		$	1,854		$	1,640		$	1,530		$	1,417
FIXED CHARGES, AS DEFINED:
Interest on long-term debt	$	667		$	618		$	553		$	619		$	565
Other interest		51			61			52			12			23
Imputed interest factor in rentals – charged principally to operating expenses		12			12			13			14			13
Preferred dividend requirements of subsidiaries		7			7			7			7			6
Total fixed charges, as defined	$	737		$	698		$	625		$	652		$	607
INCOME TAXES:
Income tax expense (benefit)	$	397		$	395		$	334		$	339		$	298
Included in AFUDC – deferred taxes in book depreciation		(5	)		(5	)		(5	)		(5	)		(5	)
Total income taxes	$	392		$	390		$	329		$	334		$	293
Ratio of Earnings to Fixed Charges		2.66			2.66			2.62			2.35			2.33