EX-12.B 4 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, 2008

 

(millions of dollars)

 

Earnings, as defined:

     

    Net income

$

325

 

    Income taxes

 

181

 

    Fixed charges, as below

 

179

 

        Total earnings, as defined

$

685

       

Fixed charges, as defined:

     

    Interest expense

$

169

 

    Rental interest factor

 

3

 

    Allowance for borrowed funds used during construction

7

       

        Total fixed charges, as defined

$

179

 

       

Ratio of earnings to fixed charges and ratio of earnings to

 

3.83

 

    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.