EXHIBIT 21

                 SUBSIDIARIES OF CAROLINA POWER & LIGHT COMPANY
                              AT DECEMBER 31, 1998

The following is a list of certain subsidiaries of Carolina Power & Light
Company, their respective states of incorporation, and where applicable, the
names under which such subsidiaries do business:

Interpath Communications, Inc.                   North Carolina
                                                               
Strategic Resource Solutions Corp.               North Carolina
                                                               
     ACT Controls, Inc. (1)                      North Carolina
     Applied Computer Technologies Corp. (1)     Delaware      
     Diversified Control Systems, Inc. (1)       North Carolina
     Spectrum Controls, Inc. (1)                 North Carolina
                                                 
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(1) Subsidiary of Strategic Resource Solutions Corp.