**Exhibit      No. 12 (c)**

**FLORIDA      POWER CORPORATION**

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

|                                                                                              |   |     |     |   |   |   |   |   |   |   |   |
|---------------------------------------------------------------------------------------------------|--------|----------|----------|--------|--------|--------|--------|--------|--------|--------|--------|
| (dollars                in millions)                                                              |   | **2006** |     | 2005   |   | 2004   |   | 2003   |   | 2002   |   |
|                                                                                              |   |     |     |   |   |   |   |   |   |   |   |
| Earnings,                as defined:                                                              |   |     |     |   |   |   |   |   |   |   |   |
| Net                income                                                                         |   | **$**    | **328**  |   | $      | 260    |   | $      | 335    |   | $      | 297 |   | $ | 325 |   |
| Fixed                charges, as below                                                            |   |     | **159**  |   |   | 138    |   |   | 122    |   |   | 103 |   |   | 114 |   |
| Income                taxes                                                                       |   |     | **193**  |   |   | 121    |   |   | 174    |   |   | 147 |   |   | 163 |   |
| Total                earnings, as defined                                                         |   | **$**    | **680**  |   | $      | 519    |   | $      | 631    |   | $      | 547 |   | $ | 602 |   |
|                                                                                              |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                Charges, as defined:                                                         |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                on long-term debt                                                         |   | **$**    | **145**  |   | $      | 116    |   | $      | 107    |   | $      | 103 |   | $ | 99 |   |
| Other                interest                                                                     |   |     | **10**   |   |   | 18     |   |   | 10     |   |   | (6 | ) |   | 10 |   |
| Imputed                interest factor in rentals - charged                                       |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| principally                to operating expenses                                                  |   |     | **4**    |   |   | 4      |   |   | 5      |   |   | 6 |   |   | 5 |   |
| Total                fixed charges, as defined                                                    |   |     | **159**  |   |   | 138    |   |   | 122    |   |   | 103 |   |   | 114 |   |
| Preferred                dividends, as defined                                                    |   |     | **2**    |   |   | 2      |   |   | 2      |   |   | 2 |   |   | 3 |   |
| Total                fixed charges and preferred dividends combined                               |   | **$**    | **161**  |   | $      | 140    |   | $      | 124    |   | $      | 105 |   | $ | 117 |   |
|                                                                                              |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                of Earnings to Fixed Charges                                                 |   |     | **4.28** |   |   | 3.76   |   |   | 5.17   |   |   | 5.31 |   |   | 5.27 |   |
|                                                                                              |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                of Earnings to Fixed Charges and Preferred Dividends                Combined |   |     | **4.22** |   |   | 3.71   |   |   | 5.08   |   |   | 5.21 |   |   | 5.13 |   |