EX-12.B 3 0003.txt COMPUTATION OF RATIOS EXHIBIT 12(b) FLORIDA POWER & LIGHT COMPANY COMPUTATION OF RATIOS
Six Months Ended June 30, 2000 (millions) RATIO OF EARNINGS TO FIXED CHARGES Earnings, as defined: Net income .............................................................................. $ 285 Income taxes ............................................................................ 157 Fixed charges, as below ................................................................. 88 Total earnings, as defined ............................................................ $ 530 Fixed charges, as defined: Interest charges ........................................................................ $ 82 Rental interest factor .................................................................. 2 Fixed charges included in nuclear fuel cost ............................................. 4 Total fixed charges, as defined ....................................................... $ 88 Ratio of earnings to fixed charges ........................................................ 6.02 RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Earnings, as defined: Net income .............................................................................. $ 285 Income taxes ............................................................................ 157 Fixed charges, as below ................................................................. 88 Total earnings, as defined ............................................................ $ 530 Fixed charges, as defined: Interest charges ........................................................................ $ 82 Rental interest factor .................................................................. 2 Fixed charges included in nuclear fuel cost ............................................. 4 Total fixed charges, as defined ....................................................... 88 Non-tax deductible preferred stock dividends .............................................. 7 Ratio of income before income taxes to net income ......................................... 1.55 Preferred stock dividends before income taxes ............................................. 11 Combined fixed charges and preferred stock dividends ...................................... $ 99 Ratio of earnings to combined fixed charges and preferred stock dividends ................. 5.35