EX-12.B 4 ex12b.htm EXHIBIT 12(B) EX.12b


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, 2012
 
(millions of dollars)
Earnings, as defined:
 
Net income
$
984

Income taxes
600

Fixed charges included in the determination of net income, as below
338

Total earnings, as defined
$
1,922

 
 
Fixed charges, as defined:
 
Interest expense
$
314

Rental interest factor
8

Allowance for borrowed funds used during construction
16

Total fixed charges, as defined
$
338

 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
5.69

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(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.