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Content analysis
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Exhibit 12(b) |
FLORIDA POWER & LIGHT COMPANY |
Three Months Ended | ||||
(millions of dollars) | ||||
RATIO OF EARNINGS TO FIXED CHARGES | ||||
Earnings, as defined: | ||||
Net income | $ | 139 | ||
Income taxes | 74 | |||
Fixed charges, as below | 42 | |||
Total earnings, as defined | $ | 255 | ||
Fixed charges, as defined: | ||||
Interest charges | $ | 38 | ||
Rental interest factor | 2 | |||
Fixed charges included in nuclear fuel cost | 1 | |||
Capitalized interest | 1 | |||
Total fixed charges, as defined | $ | 42 | ||
Ratio of earnings to fixed charges | 6.07 | |||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | |||
Earnings, as defined: | |||
Net income | $ | 139 | |
Income taxes | 74 | ||
Fixed charges, as below | 42 | ||
Total earnings, as defined | $ | 255 | |
Fixed charges, as defined: | |||
Interest charges | $ | 38 | |
Rental interest factor | 2 | ||
Fixed charges included in nuclear fuel cost | 1 | ||
Capitalized interest | 1 | ||
Total fixed charges, as defined | 42 | ||
Non-tax deductible preferred stock dividends | 4 | ||
Ratio of income before income taxes to net income | 1.53 | ||
Preferred stock dividends before income taxes | 6 | ||
Combined fixed charges and preferred stock dividends | $ | 48 | |
Ratio of earnings to combined fixed charges and preferred stock dividends | 5.31 | ||