Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Six Months Ended June 30, 2003
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income		$	341
Income taxes			188
Fixed charges, as below			89
Total earnings, as defined		$	618
Fixed charges, as defined:
Interest charges		$	83
Rental interest factor			4
Fixed charges included in nuclear fuel cost			1
Capitalized interest			1
Total fixed charges, as defined		$	89
Ratio of earnings to fixed charges			6.94

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	341
Income taxes		188
Fixed charges, as below		89
Total earnings, as defined	$	618
Fixed charges, as defined:
Interest charges	$	83
Rental interest factor		4
Fixed charges included in nuclear fuel cost		1
Capitalized interest		1
Total fixed charges, as defined		89
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	$	100
Ratio of earnings to combined fixed charges and preferred stock dividends		6.18