EXHIBIT 12
FLORIDA POWER CORPORATION
Statement of Computation of Ratios
(Dollars In millions)
Ratio of Earnings to Fixed Charges:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Twelve Months |
|
|
|
|
Ended |
|
Year Ended |
|
|
September 30, |
|
December 31, |
|
|
|
|
|
|
|
1999 |
|
1998 |
|
1998 |
|
1997 |
|
|
|
|
|
|
|
|
|
|
NET INCOME |
|
$ |
276.7 |
|
|
$ |
240.2 |
|
|
$ |
250.1 |
|
|
$ |
135.9 |
|
|
|
|
|
|
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Income Taxes |
|
|
152.5 |
|
|
|
136.2 |
|
|
|
140.3 |
|
|
|
69.9 |
|
|
|
|
|
|
|
Other Income Taxes |
|
|
4.6 |
|
|
|
0.2 |
|
|
|
0.7 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Before Taxes |
|
|
433.8 |
|
|
|
376.6 |
|
|
|
391.1 |
|
|
|
205.8 |
|
|
|
|
|
|
|
Total Interest Charges |
|
|
125.8 |
|
|
|
137.8 |
|
|
|
136.5 |
|
|
|
117.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Earnings (A) |
|
$ |
559.6 |
|
|
$ |
514.4 |
|
|
$ |
527.6 |
|
|
$ |
323.1 |
|
|
|
|
|
|
|
Fixed Charges (B) |
|
$ |
125.8 |
|
|
$ |
137.8 |
|
|
$ |
136.5 |
|
|
$ |
117.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings to Fixed Charges (A/B) |
|
|
4.45 |
|
|
|
3.73 |
|
|
|
3.87 |
|
|
|
2.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30
