EX-12.B 7 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)


 
Nine Months Ended
September 30, 2009
 
(millions of dollars)
         
Earnings, as defined:
       
Net income
 
$
646
 
Income taxes
   
369
 
Fixed charges included in the determination of net income, as below
   
259
 
         
Total earnings, as defined
 
$
1,274
 
         
Fixed charges, as defined:
       
Interest expense
 
$
235
 
Rental interest factor
   
5
 
Allowance for borrowed funds used during construction
   
19
 
Fixed charges included in the determination of net income
   
259
 
Capitalized interest
   
1
 
         
Total fixed charges, as defined
 
$
260
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends (a)
   
4.89
 
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.