Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Nine Months Ended September 30, 2003
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income		$	622
Income taxes			350
Fixed charges, as below			137
Total earnings, as defined		$	1,109
Fixed charges, as defined:
Interest charges		$	128
Rental interest factor			6
Fixed charges included in nuclear fuel cost			1
Capitalized interest			2
Total fixed charges, as defined		$	137
Ratio of earnings to fixed charges			8.09

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	622
Income taxes		350
Fixed charges, as below		137
Total earnings, as defined	$	1,109
Fixed charges, as defined:
Interest charges	$	128
Rental interest factor		6
Fixed charges included in nuclear fuel cost		1
Capitalized interest		2
Total fixed charges, as defined		137
Non-tax deductible preferred stock dividends		11
Ratio of income before income taxes to net income		1.56
Preferred stock dividends before income taxes		17
Combined fixed charges and preferred stock dividends	$	154
Ratio of earnings to combined fixed charges and preferred stock dividends		7.20