EX-12.(B) 3 nee-06302015xex12b.htm EXHIBIT 12.(B) NEE-06302015-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) 


 
Six Months Ended 
 June 30, 2015
 
(millions of dollars)
Earnings, as defined:
 
Net income
$
794

Income taxes
454

Fixed charges, as below
241

Total earnings, as defined
$
1,489

 
 
Fixed charges, as defined:
 
Interest expense
$
227

Rental interest factor
6

Allowance for borrowed funds used during construction
8

Total fixed charges, as defined
$
241

 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
6.18

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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.