EXHIBIT 12(b) 		 FLORIDA POWER & LIGHT COMPANY 			COMPUTATION OF RATIOS 											 Six Months Ended 												 June 30, 1999 											 ----------------- 											 (Millions of Dollars) RATIO OF EARNINGS TO FIXED CHARGES Earnings, as defined: Net income .............................................................................. $ 275 Income taxes ............................................................................ 151 Fixed charges, as below ................................................................. 92 Total earnings, as defined ............................................................ $ 518 Fixed charges, as defined: Interest charges ........................................................................ $ 86 Rental interest factor .................................................................. 2 Fixed charges included in nuclear fuel cost ............................................. 4 Total fixed charges, as defined ....................................................... $ 92 Ratio of earnings to fixed charges ........................................................ 5.63 RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Earnings, as defined: Net income .............................................................................. $ 275 Income taxes ............................................................................ 151 Fixed charges, as below ................................................................. 92 Total earnings, as defined ............................................................ $ 518 Fixed charges, as defined: Interest charges ........................................................................ $ 86 Rental interest factor .................................................................. 2 Fixed charges included in nuclear fuel cost ............................................. 4 Total fixed charges, as defined ....................................................... 92 Non-tax deductible preferred stock dividends .............................................. 7 Ratio of income before income taxes to net income ......................................... 1.55 Preferred stock dividends before income taxes ............................................. 11 Combined fixed charges and preferred stock dividends ...................................... $ 103 Ratio of earnings to combined fixed charges and preferred stock dividends ................. 5.03