Exhibit 12

FLORIDA POWER CORPORATION

STATEMENT OF COMPUTATION OF RATIOS

(Dollars In millions)


Ratio of Earnings to Fixed Charges:

|                       |                                         |               |       |              |  |      |       |       |  |   |       |       |  |   |       |      | 
|---------------------- | --------------------------------------- | ------------- | ----- | ------------ |  | ---- | ----- | ----- |  | - | ----- | ----- |  | - | ----- | ---- | 
|                       |                                         |               |       |              |  |     
|                       |                                         | Twelve Months |       |             
|                       |                                         | Ended         |       | Year Ended  
|                       |                                         | June 30,      |       | December 31,
|                       |                                         |               |       |             
|                       |                                         | 1999          |       | 1998         |  | 1998 |       | 1997 
|                       |                                         |               |       |              |  |      |       |      
|NET INCOME             |                                         | $             | 264.5 |              |  | $    | 207.3 |       |  | $ | 250.1 |       |  | $ | 135.9 |     
|                      
|                      
|                      
|                      
|Add:                   |                                         |               |       |              |  |      |       |       |  |   |       |       |  |   |       |     
|                      
|                      
|                      
|                      
|                       | Operating Income Taxes                  |               |       | 146.6        |  |      |       | 115.7 |  |   |       | 140.3 |  |   |       | 69.9 | 
|                      
|                      
|                      
|                      
|                       | Other Income Taxes                      |               |       | 1.5          |  |      |       | 0.2   |  |   |       | 0.7   |  |   |       |     | 
|                       |                                         |               |       |              |  |      |       |       |  |   |       |       |  |   |       |     
|Income Before Taxes    |                                         |               | 412.6 |              |  |      | 323.2 |       |  |   | 391.1 |       |  |   | 205.8 |     
|                      
|                      
|                      
|                      
|Total Interest Charges |                                         |               | 127.9 |              |  |      | 137.0 |       |  |   | 136.5 |       |  |   | 117.3 |     
|                       |                                         |               |       |              |  |      |       |       |  |   |       |       |  |   |       |     
|Total Earnings(A)      |                                         | $             | 540.5 |              |  | $    | 460.2 |       |  | $ | 527.6 |       |  | $ | 323.1 |     
|                       |                                         |               |       |              |  |      |       |       |  |   |       |       |  |   |       |     
|Fixed Charges(B)       |                                         | $             | 127.9 |              |  | $    | 137.0 |       |  | $ | 136.5 |       |  | $ | 117.3 |     
|                       |                                         |               |       |              |  |      |       |       |  |   |       |       |  |   |       |     
|                       | Ratio of Earnings to Fixed Charges(A/B) |               |       | 4.23         |  |      |       | 3.36  |  |   |       | 3.87  |  |   |       | 2.75 | 
|                       |                                         |               |       |              |  |      |       |       |  |   |       |       |  |   |       |     

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