Exhibit 12

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

	Twelve Months
	Ended
	September 30				Years Ended December 31
(dollars in millions)	2007		2006		2006		2005		2004		2003			2002
Earnings, as defined:
Net income	$	330	$	336	$	328	$	260	$	335	$	297		$	325
Fixed charges, as below		165		161		159		138		122		103			114
Income taxes		156		191		193		121		174		147			163
Total earnings, as defined	$	651	$	688	$	680	$	519	$	631	$	547		$	602
Fixed Charges, as defined:
Interest on long-term debt	$	146	$	141	$	145	$	116	$	107	$	103		$	99
Other interest		15		17		10		18		10		(6	)		10
Imputed interest factor in rentals — charged principally to operating expenses		4		4		4		4		5		6			5
Total fixed charges, as defined		165		162		159		138		122		103			114
Preferred dividends, as defined		2		2		2		2		2		2			3
Total fixed charges and preferred dividends combined	$	167	$	164	$	161	$	140	$	124	$	105		$	117
Ratio of Earnings to Fixed Charges		3.94		4.26		4.28		3.76		5.17		5.31			5.27
Ratio of Earnings to Fixed Charges and Preferred Dividends Combined		3.88		4.20		4.22		3.71		5.08		5.21			5.13