As filed with the Securities and Exchange Commission on November 18, 2003
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): November 18, 2003
Commission File Exact name of registrant as specified in its charter, I.R.S. Employer
Number state of incorporation, address of principal executive Identification Number
offices, and telephone number
1-3274 Florida Power Corporation 59-0247770
d/b/a Progress Energy Florida, Inc.
100 Central Avenue
St. Petersburg, Florida 33701-3324
Telephone: (727) 820-5151
State of Incorporation: Florida
The address of the registrant has not changed since the last report.
Item 5. Other Events
The purpose of this Form 8-K is to provide as an exhibit the Computation of
Ratio of Earnings to Fixed Charges for the twelve months ended September 30,
2003 and 2002, and December 31, 2002, 2001 and 2000.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Exhibits
12a Computation of Ratio of Earnings to Fixed Charges
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FLORIDA POWER CORPORATION
d/b/a PROGRESS ENERGY FLORIDA, INC.
Registrant
By: /s/ Robert H. Bazemore, Jr.
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Robert H. Bazemore, Jr.
Vice President and Controller
Date: November 18, 2003
Exhibit 12a
FLORIDA POWER CORPORATION
d/b/a Progress Energy Florida, Inc.
Statement of Computation of Ratios
(Dollars In Millions)
Ratio of Earnings to Fixed Charges:
Twelve-Months Ended September2003 September2002 December2002 December2001 December2000
- ------------------------------- ------------- ------------- ------------- ------------ ------------
Net Income $312.3 $299.4 $324.1 $311.1 $211.8
Income Taxes 155.4 155.4 163.3 182.6 150.5
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Income Before Taxes 467.7 454.8 487.4 493.7 362.3
Net Interest Charges 93.7 112.9 109.4 114.8 128.5
Imputed interest factor in
rentals - charged principally
to operating expenses 7.7 5.7 6.7 4.4 2.0
------------- ------------- ------------- ------------ ------------
Total Earnings (A) $569.1 $573.4 $603.5 $612.9 $492.8
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Fixed Charges (B) $101.4 $118.6 $116.1 $119.2 $130.5
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Ratio of Earnings to
Fixed Charges (A/B) 5.61 4.84 5.20 5.14 3.78
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