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