EXHIBIT 12(b)

FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS




											       Three Months Ended
												 March 31, 1999   
											     (Millions of Dollars)


RATIO OF EARNINGS TO FIXED CHARGES
                                                                                                 
Earnings, as defined:
  Net income ..............................................................................         $ 108 
  Income taxes ............................................................................            55 
  Fixed charges, as below .................................................................            46 

    Total earnings, as defined ............................................................         $ 209 

Fixed charges, as defined:
  Interest charges ........................................................................         $  43 
  Rental interest factor ..................................................................             1 
  Fixed charges included in nuclear fuel cost .............................................             2 

    Total fixed charges, as defined .......................................................         $  46 

Ratio of earnings to fixed charges ........................................................          4.54




RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

Earnings, as defined:
  Net income ..............................................................................          $108 
  Income taxes ............................................................................            55 
  Fixed charges, as below .................................................................            46 

    Total earnings, as defined ............................................................         $ 209 

Fixed charges, as defined:
  Interest charges ........................................................................         $  43 
  Rental interest factor ..................................................................             1 
  Fixed charges included in nuclear fuel cost .............................................             2 

    Total fixed charges, as defined .......................................................            46 

Non-tax deductible preferred stock dividends ..............................................             4 
Ratio of income before income taxes to net income .........................................          1.51 

Preferred stock dividends before income taxes .............................................             6 

Combined fixed charges and preferred stock dividends ......................................         $  52 

Ratio of earnings to combined fixed charges and preferred stock dividends .................          4.02