FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS ^(a)

Nine Months Ended
September 30, 2008

(millions of dollars)

Earnings, as defined:

    Net income

$

638

    Income taxes

342

    Fixed charges, as below

269

        Total earnings, as defined

$

1,249

Fixed charges, as defined:

    Interest expense

$

252

    Rental interest factor

5

    Allowance for borrowed funds used during construction

12

        Total fixed charges, as defined

$

269

Ratio of earnings to fixed charges and ratio of earnings to

    combined fixed charges and preferred stock dividends ^(a)

4.64

_____________________

(a)

Florida Power & Light Company has no preference equity securities outstanding; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends.