EXHIBIT 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Years Ended December 31,
	2001		2000		1999		1998		1997
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income	$	694	$	622	$	591	$	631	$	627
Income taxes		383		341		324		349		321
Fixed charges, as below		198		192		174		209		240
Total earnings, as defined	$	1,275	$	1,155	$	1,089	$	1,189	$	1,188
Fixed charged, as defined:
Interest charges	$	187	$	176	$	163	$	196	$	227
Rental interest factor		6		7		3		4		4
Fixed charges included in nuclear fuel cost		5		9		8		9		9
Total fixed charges, as defined	$	198	$	192	$	174	$	209	$	240
Ratio of earnings to fixed charges		6.44		6.02		6.26		5.69		4.95
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	694	$	622	$	591	$	631	$	627
Income taxes		383		341		324		349		321
Fixed charges, as below		198		192		174		209		240
Total earnings, as defined	$	1,275	$	1,155	$	1,089	$	1,189	$	1,188
Fixed charged, as defined:
Interest charges	$	187	$	176	$	163	$	196	$	227
Rental interest factor		6		7		3		4		4
Fixed charges included in nuclear fuel cost		5		9		8		9		9
Total fixed charges, as defined		198		192		174		209		240
Non-tax deductible preferred stock dividends		15		15		15		15		19
Ratio of income before income taxes to net income		1.55		1.55		1.55		1.55		1.51
Preferred stock dividends before income taxes		23		23		23		23		29
Combined fixed charges and preferred stock dividends	$	221	$	215	$	197	$	232	$	269
Ratio of earnings to combined fixed charges     and preferred stock dividends		5.77		5.37		5.53		5.13		4.42