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?| Positive | ||
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| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Bad
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New words:
concurrently, cured, curve, dismissed, Disposition, emit, en, external, lender, mild, motor, Mountain, partial, partially, permissibly, protest, question, refund, regularly, repository, Spent, stationary, transition, undertaken, upheld, verification, waived, Yucca
Removed:
CSAPR, Interstate, picture, present
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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)
| Nine Months Ended September 30, 2013 | |||
| (millions of dollars) | |||
| Earnings, as defined: | |||
| Net income | $ | 1,100.7 | |
| Income taxes | 676.9 | ||
| Fixed charges included in the determination of net income, as below | 337.5 | ||
| Total earnings, as defined | $ | 2,115.1 | |
| Fixed charges, as defined: | |||
| Interest expense | $ | 310.3 | |
| Rental interest factor | 7.7 | ||
| Allowance for borrowed funds used during construction | 19.5 | ||
| Total fixed charges, as defined | $ | 337.5 | |
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a) | 6.27 | ||
| (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. |