EX-12.B 8 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)


 
Six Months Ended
June 30, 2009
 
(millions of dollars)
         
Earnings, as defined:
       
Net income
 
$
340
 
Income taxes
   
189
 
Fixed charges, as below
   
173
 
         
Total earnings, as defined
 
$
702
 
         
Fixed charges, as defined:
       
Interest expense
 
$
156
 
Rental interest factor
   
4
 
Allowance for borrowed funds used during construction
   
13
 
         
Total fixed charges, as defined
 
$
173
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends (a)
   
4.06
 
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.