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
Add:
	Operating Income Taxes		160.7		146.6		149.1		140.3
	Other Income Taxes		2.6		1.5		2.2		.7
Income Before Taxes			445.4		412.6		418.3		391.1
Total Interest Charges			126.1		127.9		124.0		136.5
Total Earnings (A)		$	571.5	$	540.5	$	542.3	$	527.6
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