EX-12 6 exhibit12b.htm EXHIBIT 12(B) EXHIBIT 12(a)

Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(a)

Nine Months Ended
September 30, 2005

 

(millions of dollars)

 

Earnings, as defined:

     

    Net income

$

624

 

    Income taxes

 

341

 

    Fixed charges, as below

 

173

 

        Total earnings, as defined

$

1,138

       

Fixed charges, as defined:

     

    Interest charges

$

157

 

    Rental interest factor

 

5

 

    Capitalized interest

11

       

        Total fixed charges, as defined

$

173

 

       

Ratio of earnings to fixed charges and ratio of earnings to

 

6.58

 

    combined fixed charges and preferred stock dividends (a)

 

_____________________

(a)

Florida Power & Light Company's preference equity securities were redeemed in January 2005.  For the nine months ended September 30, 2005, preferred stock dividends were less than $1 million; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends.