Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Three Months Ended March 31, 2004
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income		$	105
Income taxes			52
Fixed charges, as below			50
Total earnings, as defined		$	207
Fixed charges, as defined:
Interest charges		$	46
Rental interest factor			2
Capitalized interest			2
Total fixed charges, as defined		$	50
Ratio of earnings to fixed charges			4.14

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	105
Income taxes		52
Fixed charges, as below		50
Total earnings, as defined	$	207
Fixed charges, as defined:
Interest charges	$	46
Rental interest factor		2
Capitalized interest		2
Total fixed charges, as defined	$	50
Non-tax deductible preferred stock dividends		-
Ratio of income before income taxes to net income		1.50
Preferred stock dividends before income taxes		-
Combined fixed charges and preferred stock dividends	$	207
Ratio of earnings to combined fixed charges and preferred stock dividends		4.14