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Content analysis
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Exhibit 12(b) |
FLORIDA POWER & LIGHT COMPANY |
Nine Months Ended | ||||
(millions) | ||||
RATIO OF EARNINGS TO FIXED CHARGES | ||||
Earnings, as defined: | ||||
Net income | $ | 618 | ||
Income taxes | 357 | |||
Fixed charges, as below | 134 | |||
Total earnings, as defined | $ | 1,109 | ||
Fixed charges, as defined: | ||||
Interest charges | $ | 126 | ||
Rental interest factor | 6 | |||
Fixed charges included in nuclear fuel cost | 2 | |||
Total fixed charges, as defined | $ | 134 | ||
Ratio of earnings to fixed charges | 8.28 | |||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | |||
Earnings, as defined: | |||
Net income | $ | 618 | |
Income taxes | 357 | ||
Fixed charges, as below | 134 | ||
Total earnings, as defined | $ | 1,109 | |
Fixed charges, as defined: | |||
Interest charges | $ | 126 | |
Rental interest factor | 6 | ||
Fixed charges included in nuclear fuel cost | 2 | ||
Total fixed charges, as defined | 134 | ||
Non-tax deductible preferred stock dividends | 11 | ||
Ratio of income before income taxes to net income | 1.58 | ||
Preferred stock dividends before income taxes | 17 | ||
Combined fixed charges and preferred stock dividends | $ | 151 | |
Ratio of earnings to combined fixed charges and preferred stock dividends | 7.34 | ||