Exhibit No. 12(b)
CAROLINA POWER & LIGHT COMPANY
d/b/a PROGRESS ENERGY CAROLINAS, INC.
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Fixed Charges and Preferred Dividends Combined
For the Years Ended December 31

(dollars in millions)	2010			2009			2008			2007			2006
EARNINGS, AS DEFINED:
Net Income	$	602		$	514		$	534		$	501		$	457
Fixed charges, as below		223			219			227			223			225
Income attributable to noncontrolling interests, net of tax		1			2			-			-			-
Income taxes, as below		345			272			293			290			260
Total earnings, as defined	$	1,171		$	1,007		$	1,054		$	1,014		$	942
FIXED CHARGES, AS DEFINED:
Interest on long-term debt	$	193		$	197		$	210		$	214		$	218
Other interest		12			10			9			1			(1	)
Imputed interest factor in rentals - charged principally to    operating expenses		18			12			8			8			8
Total fixed charges, as defined		223			219			227			223			225
Preferred dividends, as defined		5			5			5			5			5
Total fixed charges and preferred dividends combined	$	228		$	224		$	232		$	228		$	230
INCOME TAXES:
Income tax expense	$	350		$	277		$	298		$	295		$	265
Included in AFUDC - deferred taxes in book depreciation		(5	)		(5	)		(5	)		(5	)		(5	)
Total income taxes	$	345		$	272		$	293		$	290		$	260
Ratio of Earnings to Fixed Charges		5.25			4.60			4.64			4.55			4.19
Ratio of Earnings to Fixed Charges and Preferred Dividends    Combined		5.14			4.50			4.54			4.45			4.10