Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Three Months Ended March 31, 2003
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income		$	139
Income taxes			74
Fixed charges, as below			42
Total earnings, as defined		$	255
Fixed charges, as defined:
Interest charges		$	38
Rental interest factor			2
Fixed charges included in nuclear fuel cost			1
Capitalized interest			1
Total fixed charges, as defined		$	42
Ratio of earnings to fixed charges			6.07

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	139
Income taxes		74
Fixed charges, as below		42
Total earnings, as defined	$	255
Fixed charges, as defined:
Interest charges	$	38
Rental interest factor		2
Fixed charges included in nuclear fuel cost		1
Capitalized interest		1
Total fixed charges, as defined		42
Non-tax deductible preferred stock dividends		4
Ratio of income before income taxes to net income		1.53
Preferred stock dividends before income taxes		6
Combined fixed charges and preferred stock dividends	$	48
Ratio of earnings to combined fixed charges and preferred stock dividends		5.31