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FLORIDA POWER CORPORATION EXHIBIT 12
STATEMENT OF COMPUTATION OF RATIOS
(Dollars In millions)
Ratio of Earnings to Fixed Charges:
Twelve Months Ended Year Ended
September 30, December 31,
2000 1999 1999 1998
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NET INCOME $ 283.0 $ 276.7 $ 267.0 $ 250.1
Add:
Operating Income Taxes 160.1 152.5 149.1 140.3
Other Income Taxes 1.8 4.6 2.2 .7
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Income Before Taxes 444.9 433.8 418.3 391.1
Total Interest Charges 127.0 125.8 124.0 136.5
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Total Earnings (A) $ 571.9 $ 559.6 $ 542.3 $ 527.6
Fixed Charges (B) $ 127.0 $ 125.8 $ 124.0 $ 136.5
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Ratio of Earnings to
Fixed Charges (A/B) 4.50 4.45 4.37 3.87
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