March 25, 1994



Securities and Exchange Commission
450 5th Street, NW
Judiciary Plaza
Washington, DC  20549

Gentlemen:

Pursuant to the General Instructions to Form 10-K, please be
advised that the financial statements contained in the 1993 Form
10-K of Carolina Power & Light Company reflect the implementation
of Statements of Financial Accounting Standards No. 106,
"Employers' Accounting for Postretirement Benefits Other Than
Pensions" and No. 109, "Accounting for Income Taxes."  These
financial statements do not reflect any other changes from the
preceding year in accounting principles or practices or in the
method of applying any such principles or practices.

                                    Sincerely yours,



                                    /s/ Paul S. Bradshaw
                                    Vice President and Controller