**Exhibit      No. 12 (c)**

**FLORIDA      POWER CORPORATION**

**d/b/a      PROGRESS ENERGY FLORIDA, INC**

|                                                                                              |     |     |   |      |   |
|---------------------------------------------------------------------------------------------------|----------|----------|--------|-----------|--------|
| (dollars                in millions)                                                              | **2005** | 2004     | 2003   | 2002      | 2001   |
|                                                                                              |     |     |   |      |   |
| Earnings,                as defined:                                                              |     |     |   |      |   |
| Net                income                                                                         | **$**    | **260**  | $      | 335       | **$**  | 297 | **$** | 325 | **$** | 311 |
| Fixed                charges, as below                                                            |     | **138**  |   | 122       |   | 103 |   | 114 |   | 117 |
| Income                taxes, as below                                                             |     | **121**  |   | 174       |   | 147 |   | 163 |   | 183 |
| Total                earnings, as defined                                                         | **$**    | **519**  | $      | 631       | **$**  | 547 | **$** | 602 | **$** | 611 |
|                                                                                              |     |     |   |      |   |   |   |   |   |   |
| Fixed                Charges, as defined:                                                         |     |     |   |      |   |   |   |   |   |   |
| Interest                on long-term debt                                                         | **$**    | **116**  | $      | 107       | **$**  | 103 | **$** | 99 | **$** | 100 |
| Other                interest                                                                     |     | **18**   |   | 10        |   | (6) |   | 10 |   | 14 |
| Imputed                interest factor in rentals - charged                                       |     |     |   |      |   |   |   |   |   |   |
|                    principally to operating expenses                               |     | **4**    |   | 5         |   | 6 |   | 5 |   | 3 |
| Total                fixed charges, as defined                                                    |     | **138**  |   | 122       |   | 103 |   | 114 |   | 117 |
| Preferred                dividends, as defined                                                    |     | **2**    |   | 2         |   | 2 |   | 3 |   | 3 |
| Total                fixed charges and preferred dividends                combined                | **$**    | **140**  | $      |  124 | $      |  105 | $ |  117 | $ |  120 |
|                                                                                              |     |     |   |      |   |   |   |   |   |   |
| Ratio                of Earnings to Fixed Charges                                                 |     | **3.76** |   | 5.17      |   | 5.31 |   | 5.27 |   | 5.22 |
|                                                                                              |     |     |   |      |   |   |   |   |   |   |
| Ratio                of Earnings to Fixed Charges and Preferred Dividends                Combined |     | **3.71** |   | 5.08      |   | 5.21 |   | 5.13 |   | 5.09 |