WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

    <ARTICLE>UT
    <LEGEND>
    THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
    FROM (INTERIM FINANCIAL STATEMENTS AS OF DECEMBER 31, 1994) AND
    IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL 
    STATEMENTS.
    </LEGEND>
    <CIK> 0000017797
    <NAME> CAROLINA POWER & LIGHT COMPANY
            
                                                         
    <PERIOD-TYPE>                                          QTR-4
    <FISCAL-YEAR-END>                                      DEC-31-1994
    <PERIOD-END>                                           DEC-31-1994
    <BOOK-VALUE>                                              PER-BOOK
    <TOTAL-NET-UTILITY-PLANT>                               $6,349,484
    <OTHER-PROPERTY-AND-INVEST>                               $360,611
    <TOTAL-CURRENT-ASSETS>                                    $678,430
    <TOTAL-DEFERRED-CHARGES>                                  $646,580
    <OTHER-ASSETS>                                            $176,058
    <TOTAL-ASSETS>                                          $8,211,163
    <COMMON>                                                $1,306,009
    <CAPITAL-SURPLUS-PAID-IN>                                    ($790)
    <RETAINED-EARNINGS>                                     $1,280,960
    <TOTAL-COMMON-STOCKHOLDERS-EQ>                          $2,586,179
    <PREFERRED-MANDATORY>                                           $0
    <PREFERRED>                                               $143,801
    <LONG-TERM-DEBT-NET>                                    $2,530,773
    <SHORT-TERM-NOTES>                                              $0
    <LONG-TERM-NOTES-PAYABLE>                                       $0
    <COMMERCIAL-PAPER-OBLIGATIONS>                             $68,100
    <LONG-TERM-DEBT-CURRENT-PORT>                             $275,050
    <PREFERRED-STOCK-CURRENT>                                       $0
    <CAPITAL-LEASE-OBLIGATIONS>                                     $0
    <LEASES-CURRENT>                                                $0
    <OTHER-ITEMS-CAPITAL-AND-LIAB>                          $2,607,260
    <TOT-CAPITALIZATION-AND-LIAB>                           $8,211,163
    <GROSS-OPERATING-REVENUE>                               $2,876,589
    <INCOME-TAX-EXPENSE>                                      $198,535
    <OTHER-OPERATING-EXPENSES>                              $2,233,734
    <TOTAL-OPERATING-EXPENSES>                              $2,432,269
    <OPERATING-INCOME-LOSS>                                   $444,320
    <OTHER-INCOME-NET>                                         $65,414
    <INCOME-BEFORE-INTEREST-EXPEN>                            $509,734
    <TOTAL-INTEREST-EXPENSE>                                  $196,567
    <NET-INCOME>                                              $313,167
    <PREFERRED-STOCK-DIVIDENDS>                                 $9,609
    <EARNINGS-AVAILABLE-FOR-COMM>                             $303,558
    <COMMON-STOCK-DIVIDENDS>                                  $256,021
    <TOTAL-INTEREST-ON-BONDS>                                 $183,891
    <CASH-FLOW-OPERATIONS>                                    $730,756
    <EPS-PRIMARY>                                                $2.03
    <EPS-DILUTED>                                                $2.03