Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DUKE ENERGY FLORIDA, LLC. | d8k.htm |
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: |
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| Net income |
$ | 446 | $ | 475 | ||||
| Fixed charges, as below |
279 | 264 | ||||||
| Income taxes |
263 | 267 | ||||||
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| Total earnings, as defined |
$ | 988 | $ | 1,006 | ||||
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| Fixed Charges, as defined: |
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| Interest on long-term debt |
$ | 257 | $ | 246 | ||||
| Other interest |
18 | 15 | ||||||
| Imputed interest factor in rentals – charged principally to operating expenses |
4 | 3 | ||||||
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| Total fixed charges, as defined |
$ | 279 | $ | 264 | ||||
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| Preferred dividends, as defined |
2 | 2 | ||||||
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| Total fixed charges and preferred dividends combined |
$ | 281 | $ | 266 | ||||
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| Ratio of Earnings to Fixed Charges |
3.54 | 3.81 | ||||||
| Ratio of Earnings to Fixed Charges and Preferred Dividends Combined |
3.52 | 3.78 | ||||||