Exhibit
12(b)
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, 2009
|
||||
|
(millions
of dollars)
|
||||
|
Earnings,
as defined:
|
||||
|
Net
income
|
$
|
646
|
||
|
Income
taxes
|
369
|
|||
|
Fixed
charges included in the determination of net income, as
below
|
259
|
|||
|
Total
earnings, as defined
|
$
|
1,274
|
||
|
Fixed
charges, as defined:
|
||||
|
Interest
expense
|
$
|
235
|
||
|
Rental
interest factor
|
5
|
|||
|
Allowance
for borrowed funds used during construction
|
19
|
|||
|
Fixed
charges included in the determination of net income
|
259
|
|||
|
Capitalized
interest
|
1
|
|||
|
Total
fixed charges, as defined
|
$
|
260
|
||
|
Ratio
of earnings to fixed charges and ratio of earnings to combined fixed
charges and preferred stock dividends (a)
|
4.89
|
|||
¾¾¾¾¾¾¾¾¾¾
|
(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.
|