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)	2008		2007		2006		2005		2004
EARNINGS, AS DEFINED:
Net income	$	385	$	317	$	328	$	260	$	335
Fixed charges, as below		239		188		159		138		122
Income taxes		181		144		193		121		174
Total earnings, as defined	$	805	$	649	$	680	$	519	$	631
FIXED CHARGES, AS DEFINED:
Interest on long-term debt	$	220	$	157	$	145	$	116	$	107
Other interest		16		28		10		18		10
Imputed interest factor in rentals – charged
principally to operating expenses		3		3		4		4		5
Total fixed charges, as defined		239		188		159		138		122
Preferred dividends, as defined		2		2		2		2		2
Total fixed charges and preferred dividends combined	$	241	$	190	$	161	$	140	$	124
Ratio of Earnings to Fixed Charges		3.37		3.45		4.28		3.76		5.17
Ratio of Earnings to Fixed Charges and Preferred Dividends Combined		3.34		3.42		4.22		3.71		5.08