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) 

	Years Ended December 31,
	2014		2013		2012		2011		2010
	(millions of dollars)
Earnings, as defined:
Net income	$	1,517	$	1,349	$	1,240	$	1,068	$	945
Income taxes	910		835		752		654		580
Fixed charges included in the determination of net income, as below	466		451		450		411		382
Total earnings, as defined	$	2,893	$	2,635	$	2,442	$	2,133	$	1,907
Fixed charges, as defined:
Interest expense	$	439	$	415	$	417	$	387	$	361
Rental interest factor	12		10		11		8		8
Allowance for borrowed funds used during construction	15		26		22		16		13
Fixed charges included in the determination of net income	466		451		450		411		382
Capitalized interest	—		—		—		1		3
Total fixed charges, as defined	$	466	$	451	$	450	$	412	$	385
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)	6.21		5.84		5.43		5.18		4.95

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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.