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 Ended |
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Year Ended |
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June 30, |
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December 31, |
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2000 |
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1999 |
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1999 |
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1998 |
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| NET INCOME |
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$ |
282.1 |
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$ |
264.5 |
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$ |
267.0 |
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$ |
250.1 |
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| Add: |
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Operating Income Taxes |
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160.7 |
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146.6 |
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149.1 |
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140.3 |
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Other Income Taxes |
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2.6 |
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1.5 |
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2.2 |
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.7 |
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| Income Before Taxes |
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445.4 |
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412.6 |
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418.3 |
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391.1 |
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| Total Interest Charges |
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126.1 |
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127.9 |
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124.0 |
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136.5 |
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| Total Earnings (A) |
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$ |
571.5 |
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$ |
540.5 |
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$ |
542.3 |
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$ |
527.6 |
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| Fixed Charges (B) |
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$ |
126.1 |
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$ |
127.9 |
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$ |
124.0 |
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$ |
136.5 |
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Ratio of Earnings to
Fixed Charges (A/B) |
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4.53 |
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4.23 |
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4.37 |
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3.87 |
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