Six Months Ended June 30, 2009 | ||||
| (millions of dollars) | ||||
| Earnings, as defined: | ||||
| Net income | $ | 340 | ||
| Income taxes | 189 | |||
| Fixed charges, as below | 173 | |||
| Total earnings, as defined | $ | 702 | ||
| Fixed charges, as defined: | ||||
| Interest expense | $ | 156 | ||
| Rental interest factor | 4 | |||
| Allowance for borrowed funds used during construction | 13 | |||
| Total fixed charges, as defined | $ | 173 | ||
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends (a) | 4.06 | |||
| (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. |
