EX-12.B 6 ex12b2q2012.htm EXHIBIT 12(B) EX.12b 2Q2012


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, 2012
 
(millions of dollars)
Earnings, as defined:
 
Net income
$
592

Income taxes
363

Fixed charges included in the determination of net income, as below
225

Total earnings, as defined
$
1,180

 
 
Fixed charges, as defined:
 
Interest expense
$
210

Rental interest factor
5

Allowance for borrowed funds used during construction
10

Total fixed charges, as defined
$
225

 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
5.24

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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.