EX-12.B 7 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)

Nine Months Ended
September 30, 2008

 

(millions of dollars)

 

Earnings, as defined:

     

    Net income

$

638

 

    Income taxes

 

342

 

    Fixed charges, as below

 

269

 

        Total earnings, as defined

$

1,249

       

Fixed charges, as defined:

     

    Interest expense

$

252

 

    Rental interest factor

 

5

 

    Allowance for borrowed funds used during construction

12

       

        Total fixed charges, as defined

$

269

 

       

Ratio of earnings to fixed charges and ratio of earnings to

     

    combined fixed charges and preferred stock dividends (a)

4.64

 

_____________________

(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.