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Content analysis
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Exhibit 12(b)
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FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES | |||||
Nine Months Ended | |||||
(millions of dollars) | |||||
Earnings, as defined: | |||||
Net income | $ | 632 | |||
Income taxes | 333 | ||||
Fixed charges, as below | 225 | ||||
Total earnings, as defined | $ | 1,190 | |||
Fixed charges, as defined: | |||||
Interest charges | $ | 212 | |||
Rental interest factor | 5 | ||||
Capitalized interest | 8 | ||||
Total fixed charges, as defined | $ | 225 | |||
Ratio of earnings to fixed charges and ratio of earnings to | 5.29 | ||||
combined fixed charges and preferred stock dividends(a) | |||||
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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. |