Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Years Ended December 31,
	2004		2003		2002		2001		2000
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income	$	750	$	755	$	732	$	694	$	622
Income taxes		409		403		413		383		341
Fixed charges, as below		202		186		177		198		192
Total earnings, as defined	$	1,361	$	1,344	$	1,322	$	1,275	$	1,155
Fixed charged, as defined:
Interest charges	$	183	$	173	$	166	$	187	$	176
Rental interest factor		8		8		8		6		7
Fixed charges included in nuclear fuel cost		-		1		3		5		9
Capitalized interest		11		4		-		-		-
Total fixed charges, as defined	$	202	$	186	$	177	$	198	$	192
Ratio of earnings to fixed charges		6.74		7.23		7.47		6.44		6.02
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income	$	750	$	755	$	732	$	694	$	622
Income taxes		409		403		413		383		341
Fixed charges, as below		202		186		177		198		192
Total earnings, as defined	$	1,361	$	1,344	$	1,322	$	1,275	$	1,155
Fixed charged, as defined:
Interest charges	$	183	$	173	$	166	$	187	$	176
Rental interest factor		8		8		8		6		7
Fixed charges included in nuclear fuel cost		-		1		3		5		9
Capitalized interest		11		4		-		-		-
Total fixed charges, as defined		202		186		177		198		192
Non-tax deductible preferred stock dividends		1		13		15		15		15
Ratio of income before income taxes to net income		1.55		1.53		1.56		1.55		1.55
Preferred stock dividends before income taxes		2		20		23		23		23
Combined fixed charges and preferred stock dividends	$	204	$	206	$	200	$	221	$	215
Ratio of earnings to combined fixed charges
and preferred stock dividends		6.67		6.52		6.61		5.77		5.37