Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Six Months Ended June 30, 2004
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income		$	311
Income taxes			165
Fixed charges, as below			100
Total earnings, as defined		$	576
Fixed charges, as defined:
Interest charges		$	91
Rental interest factor			4
Capitalized interest			5
Total fixed charges, as defined		$	100
Ratio of earnings to fixed charges			5.76

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	311
Income taxes		165
Fixed charges, as below		100
Total earnings, as defined	$	576
Fixed charges, as defined:
Interest charges	$	91
Rental interest factor		4
Capitalized interest		5
Total fixed charges, as defined	$	100
Non-tax deductible preferred stock dividends		1
Ratio of income before income taxes to net income		1.53
Preferred stock dividends before income taxes		2
Combined fixed charges and preferred stock dividends	$	102
Ratio of earnings to combined fixed charges and preferred stock dividends		5.65