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)
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Six Months Ended
June 30, 2010
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(millions of dollars)
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Earnings, as defined:
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Net income
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$
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456
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Income taxes
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274
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Fixed charges included in the determination of net income, as below
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188
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Total earnings, as defined
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$
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918
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Fixed charges, as defined:
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Interest expense
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$
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179
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Rental interest factor
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3
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Allowance for borrowed funds used during construction
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6
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Fixed charges included in the determination of net income
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188
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Capitalized interest
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2
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Total fixed charges, as defined
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$
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190
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Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends (a)
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4.83
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¾¾¾¾¾¾¾¾¾¾
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(a)
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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.
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