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, 1999 1998 1998 1997 NET INCOME $ 264.5 $ 207.3 $ 250.1 $ 135.9 Add: Operating Income Taxes 146.6 115.7 140.3 69.9 Other Income Taxes 1.5 0.2 0.7 Income Before Taxes 412.6 323.2 391.1 205.8 Total Interest Charges 127.9 137.0 136.5 117.3 Total Earnings(A) $ 540.5 $ 460.2 $ 527.6 $ 323.1 Fixed Charges(B) $ 127.9 $ 137.0 $ 136.5 $ 117.3 Ratio of Earnings to Fixed Charges(A/B) 4.23 3.36 3.87 2.75 26
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10-Q Filing
Duke Energy Florida 10-Q1999 Q2 Quarterly report
Filed: 11 Aug 99, 12:00am