EX-12.(B) 3 nee-03312015xex12b.htm EXHIBIT 12(B) NEE-03312015-EX.12(b)


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, 2015
 
(millions of dollars)
Earnings, as defined:
 
Net income
$
359

Income taxes
204

Fixed charges, as below
121

Total earnings, as defined
$
684

 
 
Fixed charges, as defined:
 
Interest expense
$
115

Rental interest factor
3

Allowance for borrowed funds used during construction
3

Total fixed charges, as defined
$
121

 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
5.65

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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.