EX-12.B 4 exhibit12b.htm EXHIBIT 12(B) exhibit12b.htm


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)


 
Three Months Ended
March 31, 2009
 
(millions of dollars)
         
Earnings, as defined:
       
Net income
 
$
127
 
Income taxes
   
71
 
Fixed charges, as below
   
85
 
         
Total earnings, as defined
 
$
283
 
         
Fixed charges, as defined:
       
Interest expense
 
$
77
 
Rental interest factor
   
2
 
Allowance for borrowed funds used during construction
   
6
 
         
Total fixed charges, as defined
 
$
85
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends (a)
   
3.33
 
¾¾¾¾¾¾¾¾¾¾
(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.