Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Nine Months Ended September 30, 2002
	(millions)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income		$	618
Income taxes			357
Fixed charges, as below			134
Total earnings, as defined		$	1,109
Fixed charges, as defined:
Interest charges		$	126
Rental interest factor			6
Fixed charges included in nuclear fuel cost			2
Total fixed charges, as defined		$	134
Ratio of earnings to fixed charges			8.28

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	618
Income taxes		357
Fixed charges, as below		134
Total earnings, as defined	$	1,109
Fixed charges, as defined:
Interest charges	$	126
Rental interest factor		6
Fixed charges included in nuclear fuel cost		2
Total fixed charges, as defined		134
Non-tax deductible preferred stock dividends		11
Ratio of income before income taxes to net income		1.58
Preferred stock dividends before income taxes		17
Combined fixed charges and preferred stock dividends	$	151
Ratio of earnings to combined fixed charges and preferred stock dividends		7.34