Exhibit No. 12

FLORIDA POWER CORPORATION

d/b/a Progress Energy Florida, Inc.

Computation of Ratio of Earnings to Fixed Charges

For the Twelve Months Ended June 30

(dollars in millions)	2011		2010
Earnings, as defined:
Net income	$	446	$	475
Fixed charges, as below		279		264
Income taxes		263		267
Total earnings, as defined	$	988	$	1,006
Fixed Charges, as defined:
Interest on long-term debt	$	257	$	246
Other interest		18		15
Imputed interest factor in rentals – charged principally to operating expenses		4		3
Total fixed charges, as defined	$	279	$	264
Preferred dividends, as defined		2		2
Total fixed charges and preferred dividends combined	$	281	$	266
Ratio of Earnings to Fixed Charges		3.54		3.81
Ratio of Earnings to Fixed Charges and Preferred Dividends Combined		3.52		3.78