Exhibit 12
FLORIDA POWER CORPORATION
STATEMENT OF COMPUTATION OF RATIOS
(Dollars In millions)
Ratio of Earnings to Fixed Charges:
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Twelve Months |
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Ended |
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Year Ended |
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June 30, |
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December 31, |
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1999 |
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1998 |
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1998 |
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1997 |
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NET INCOME |
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$ |
264.5 |
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$ |
207.3 |
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$ |
250.1 |
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$ |
135.9 |
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Add: |
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Operating Income Taxes |
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146.6 |
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115.7 |
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140.3 |
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69.9 |
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Other Income Taxes |
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1.5 |
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0.2 |
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0.7 |
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— |
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Income Before Taxes |
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412.6 |
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323.2 |
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391.1 |
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205.8 |
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Total Interest Charges |
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127.9 |
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137.0 |
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136.5 |
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117.3 |
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Total Earnings(A) |
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$ |
540.5 |
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$ |
460.2 |
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$ |
527.6 |
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$ |
323.1 |
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Fixed Charges(B) |
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$ |
127.9 |
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$ |
137.0 |
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$ |
136.5 |
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$ |
117.3 |
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Ratio of Earnings to Fixed Charges(A/B) |
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4.23 |
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3.36 |
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3.87 |
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2.75 |
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26
