Exhibit 12    

                                                       
                            FLORIDA POWER CORPORATION                   
                        Statement of Computation of Ratios                
                               (Dollars In Millions)                      
    

     Ratio of Earnings to Fixed Charges:                                  
     
   
      
                                     12-Months
                                       Ended
                                  March 31, 1995     1994      1993   
                                  --------------    ------    ------  
                                                 
     Net Income                        $209.8       $200.8    $194.9  
                                                       
     Add:                                                   
      Operating Income Taxes            120.5        114.7     104.5  
      Other Income Taxes                 (0.9)        (0.8)     (0.1) 
                                       ------       ------    ------ 
     Income Before Taxes                329.4        314.7     299.3  
                                                       
     Total Interest Charges             107.7        108.4     105.8  
                                       ------       ------    ------ 
     Total Earnings (A)                $437.1       $423.1    $405.1  
                                       ------       ------    ------ 
     Fixed Charges (B)                 $107.7       $108.4    $105.8  
                                       ------       ------    ------ 
      Ratio of Earnings to                                                
       Fixed Charges (A/B)               4.06         3.90      3.83 
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