Exhibit No. 12 (c)

FLORIDA POWER CORPORATION

d/b/a PROGRESS ENERGY FLORIDA, INC.

Computation of Ratio of Earnings to Fixed Charges and

Ratio of Earnings to Fixed Charges and Preferred Dividends Combined

For the Years Ended December 31

(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