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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)
| Three Months Ended March 31, 2018 | |||
| (millions of dollars) | |||
| Earnings, as defined: | |||
| Net income | $ | 484 | |
| Income taxes | 112 | ||
| Fixed charges, as below | 143 | ||
| Total earnings, as defined | $ | 739 | |
| Fixed charges, as defined: | |||
| Interest expense | $ | 134 | |
| Rental interest factor | 3 | ||
| Allowance for borrowed funds used during construction | 6 | ||
| Total fixed charges, as defined | $ | 143 | |
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a) | 5.17 | ||
| (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. |