EXHIBIT 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Years Ended December 31,
	2002		2001		2000		1999		1998
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income	$	732	$	694	$	622	$	591	$	631
Income taxes		413		383		341		324		349
Fixed charges, as below		177		198		192		174		209
Total earnings, as defined	$	1,322	$	1,275	$	1,155	$	1,089	$	1,189
Fixed charged, as defined:
Interest charges	$	166	$	187	$	176	$	163	$	196
Rental interest factor		8		6		7		3		4
Fixed charges included in nuclear fuel cost		3		5		9		8		9
Total fixed charges, as defined	$	177	$	198	$	192	$	174	$	209
Ratio of earnings to fixed charges		7.47		6.44		6.02		6.26		5.69
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	732	$	694	$	622	$	591	$	631
Income taxes		413		383		341		324		349
Fixed charges, as below		177		198		192		174		209
Total earnings, as defined	$	1,322	$	1,275	$	1,155	$	1,089	$	1,189
Fixed charged, as defined:
Interest charges	$	166	$	187	$	176	$	163	$	196
Rental interest factor		8		6		7		3		4
Fixed charges included in nuclear fuel cost		3		5		9		8		9
Total fixed charges, as defined		177		198		192		174		209
Non-tax deductible preferred stock dividends		15		15		15		15		15
Ratio of income before income taxes to net income		1.56		1.55		1.55		1.55		1.55
Preferred stock dividends before income taxes		23		23		23		23		23
Combined fixed charges and preferred stock dividends	$	200	$	221	$	215	$	197	$	232
Ratio of earnings to combined fixed charges     and preferred stock dividends		6.61		5.77		5.37		5.53		5.13