Exhibit 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

	Nine Months Ended September 30, 2004
	(millions of dollars)
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Net income		$	586
Income taxes			318
Fixed charges, as below			148
Total earnings, as defined		$	1,052
Fixed charges, as defined:
Interest charges		$	135
Rental interest factor			5
Capitalized interest			8
Total fixed charges, as defined		$	148
Ratio of earnings to fixed charges			7.11
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income		$	586
Income taxes			318
Fixed charges, as below			148
Total earnings, as defined		$	1,052
Fixed charges, as defined:
Interest charges		$	135
Rental interest factor			5
Capitalized interest			8
Total fixed charges, as defined			148
Non-tax deductible preferred stock dividends			1
Ratio of income before income taxes to net income			1.54
Preferred stock dividends before income taxes			2
Combined fixed charges and preferred stock dividends		$	150
Ratio of earnings to combined fixed charges and preferred stock dividends			7.01