EXHIBIT 12
FLORIDA POWER CORPORATION
Ratio of Earnings to Fixed Charges:
Twelve Months | |||||||||||||||||
Ended | Year Ended | ||||||||||||||||
September 30, | December 31, | ||||||||||||||||
1999 | 1998 | 1998 | 1997 | ||||||||||||||
NET INCOME | $ | 276.7 | $ | 240.2 | $ | 250.1 | $ | 135.9 | |||||||||
Add: | |||||||||||||||||
Operating Income Taxes | 152.5 | 136.2 | 140.3 | 69.9 | |||||||||||||
Other Income Taxes | 4.6 | 0.2 | 0.7 | | |||||||||||||
Income Before Taxes | 433.8 | 376.6 | 391.1 | 205.8 | |||||||||||||
Total Interest Charges | 125.8 | 137.8 | 136.5 | 117.3 | |||||||||||||
Total Earnings (A) | $ | 559.6 | $ | 514.4 | $ | 527.6 | $ | 323.1 | |||||||||
Fixed Charges (B) | $ | 125.8 | $ | 137.8 | $ | 136.5 | $ | 117.3 | |||||||||
Ratio of Earnings to Fixed Charges (A/B) | 4.45 | 3.73 | 3.87 | 2.75 | |||||||||||||
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