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  |     
|                                         |                        |               |       |              |  |      |       |       |  |   |       |       |  |   |       |     

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