EXHIBIT 12(a) FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Years Ended December 31, 1993 1992 1991 1990 1989 (Thousands of Dollars) Earnings, as defined: Net income $467,960 $514,800 $417,517 $424,804 $436,885 Income taxes 239,890 264,588 183,364 182,587 204,863 Fixed charges, as below 348,028 338,219 326,686 312,812 305,509 Total earnings, as defined $1,055,878 $1,117,607 $927,567 $920,203 $947,257 Fixed charges, as defined: Interest expense $327,085 $315,799 $311,152 $302,869 $292,747 Rental interest factor 9,501 9,567 6,353 5,192 6,604 Fixed charges included in nuclear fuel cost 11,442 12,853 9,181 4,751 6,158 Total fixed charges, as defined $348,028 $338,219 $326,686 $312,812 $305,509 Ratio of earnings to fixed charges 3.03 3.30 2.84 2.94 3.10