EX-12 6 exhibit12b.htm EXHIBIT 12(B) EXHIBIT 12(a)

Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(a)

Six Months Ended
June 30, 2005

 

(millions of dollars)

 

Earnings, as defined:

     

    Net income

$

313

 

    Income taxes

 

158

 

    Fixed charges, as below

 

112

 

        Total earnings, as defined

$

583

       

Fixed charges, as defined:

     

    Interest charges

$

99

 

    Rental interest factor

 

3

 

    Capitalized interest

10

       

        Total fixed charges, as defined

$

112

 

       

Ratio of earnings to fixed charges and ratio of earnings to

 

5.21

 

    combined fixed charges and preferred stock dividends(a)

 

_____________________

 

(a)

Florida Power & Light Company's preference equity securities were redeemed in January 2005.  For the six months ended June 30, 2005, preferred stock dividends were less than $1 million; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends.