EX-12.B 4 exhibit12b.htm EXHIBIT 12(B) exhibit12b.htm


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, 2011
 
(millions of dollars)
         
Earnings, as defined:
       
Net income
 
$
506
 
Income taxes
   
305
 
Fixed charges included in the determination of net income, as below
   
199
 
Total earnings, as defined
 
$
1,010
 
         
Fixed charges, as defined:
       
Interest expense
 
$
187
 
Rental interest factor
   
3
 
Allowance for borrowed funds used during construction
   
9
 
Fixed charges included in the determination of net income
   
199
 
Capitalized interest
   
2
 
Total fixed charges, as defined
 
$
201
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
   
5.02
 
¾¾¾¾¾¾¾¾¾¾
(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.