EX-12.B 3 0003.txt COMPUTATION OF RATIOS EXHIBIT 12(b) FLORIDA POWER & LIGHT COMPANY COMPUTATION OF RATIOS
Nine Months Ended September 30, 2000 (millions) RATIO OF EARNINGS TO FIXED CHARGES Earnings, as defined: Net income .............................................................................. $ 564 Income taxes ............................................................................ 320 Fixed charges, as below ................................................................. 138 Total earnings, as defined ............................................................ $1,022 Fixed charges, as defined: Interest charges ........................................................................ $ 129 Rental interest factor .................................................................. 2 Fixed charges included in nuclear fuel cost ............................................. 7 Total fixed charges, as defined ....................................................... $ 138 Ratio of earnings to fixed charges ........................................................ 7.41 RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Earnings, as defined: Net income .............................................................................. $ 564 Income taxes ............................................................................ 320 Fixed charges, as below ................................................................. 138 Total earnings, as defined ............................................................ $1,022 Fixed charges, as defined: Interest charges ........................................................................ $ 129 Rental interest factor .................................................................. 2 Fixed charges included in nuclear fuel cost ............................................. 7 Total fixed charges, as defined ....................................................... 138 Non-tax deductible preferred stock dividends .............................................. 11 Ratio of income before income taxes to net income ......................................... 1.57 Preferred stock dividends before income taxes ............................................. 17 Combined fixed charges and preferred stock dividends ...................................... $ 155 Ratio of earnings to combined fixed charges and preferred stock dividends ................. 6.59