EXHIBIT 12(b) |
FLORIDA POWER & LIGHT COMPANY |
Nine Months Ended | ||||
| (millions) | |||
RATIO OF EARNINGS TO FIXED CHARGES | ||||
| ||||
Earnings, as defined: |
|
|
| |
Net income | $ | 581 |
| |
Income taxes |
| 326 |
| |
Fixed charges, as below | 154 | |||
Total earnings, as defined | $ | 1,061 | ||
|
|
|
| |
Fixed charges, as defined: |
|
|
| |
Interest charges | $ | 144 | ||
Rental interest factor |
| 5 |
| |
Fixed charges included in nuclear fuel cost | 5 | |||
|
|
|
| |
Total fixed charges, as defined | $ | 154 | ||
|
|
|
| |
Ratio of earnings to fixed charges | 6.89 | |||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | |||
|
|
|
|
Earnings, as defined: |
|
|
|
Net income | $ | 581 |
|
Income taxes |
| 326 |
|
Fixed charges, as below | 154 | ||
|
|
|
|
Total earnings, as defined | $ | 1,061 | |
|
|
|
|
Fixed charges, as defined: |
|
|
|
Interest charges | $ | 144 | |
Rental interest factor |
| 5 |
|
Fixed charges included in nuclear fuel cost | 5 | ||
Total fixed charges, as defined | 154 | ||
|
|
|
|
Non-tax deductible preferred stock dividends |
| 11 |
|
Ratio of income before income taxes to net income | 1.56 | ||
Preferred stock dividends before income taxes | 17 | ||
|
|
|
|
Combined fixed charges and preferred stock dividends | $ | 171 | |
|
|
|
|
Ratio of earnings to combined fixed charges and preferred stock dividends | 6.20 | ||