Exhibit 12
FLORIDA POWER CORPORATION
Statement of Computation of Ratios
(Dollars In Millions)
Ratio of Earnings to Fixed Charges:
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1999 |
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1998 |
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1997 |
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1996 |
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1995 |
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| Net Income |
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$ |
267.0 |
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$ |
250.1 |
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$ |
135.9 |
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$ |
238.4 |
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$ |
227.0 |
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| Add: |
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| Operating Income Taxes |
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149.1 |
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140.3 |
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69.9 |
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135.8 |
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129.5 |
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| Other Income Taxes |
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2.2 |
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.7 |
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— |
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(.1 |
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.1 |
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| Income Before Taxes |
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418.3 |
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391.1 |
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205.8 |
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374.1 |
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356.6 |
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| Total Interest Charges |
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124.0 |
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136.5 |
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117.3 |
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98.4 |
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104.5 |
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| Total Earnings (A) |
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$ |
542.3 |
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$ |
527.6 |
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$ |
323.1 |
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$ |
472.5 |
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$ |
461.1 |
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| Fixed Charges (B) |
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$ |
124.0 |
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$ |
136.5 |
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$ |
117.3 |
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$ |
98.4 |
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$ |
104.5 |
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| Ratio of Earnings to
Fixed Charges (A/B) |
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4.37 |
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3.87 |
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2.75 |
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4.80 |
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4.41 |
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