EX-12 3 exhibit12b.htm EXHIBIT 12(B) EXHIBIT 12(a)

Exhibit 12(b)

 

 

FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES
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, 2006

 

(millions of dollars)

 

Earnings, as defined:

     

    Net income

$

305

 

    Income taxes

 

154

 

    Fixed charges, as below

 

151

 

        Total earnings, as defined

$

610

       

Fixed charges, as defined:

     

    Interest charges

$

143

 

    Rental interest factor

 

3

 

    Capitalized interest

5

       

        Total fixed charges, as defined

$

151

 

       

Ratio of earnings to fixed charges and ratio of earnings to

 

4.04

 

    combined fixed charges and preferred stock dividends (a)

 

_____________________

(a)

Florida Power & Light Company has no preference equity securities outstanding; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends.