EXHIBIT 12(b) 		 FLORIDA POWER & LIGHT COMPANY 			 COMPUTATION OF RATIO 											 Nine Months Ended 											 September 30, 1999 											 (Millions of Dollars) RATIO OF EARNINGS TO FIXED CHARGES Earnings, as defined: Net income .............................................................................. $542 Income taxes ............................................................................ 306 Fixed charges, as below ................................................................. 134 Total earnings, as defined ............................................................ $982 Fixed charges, as defined: Interest charges ........................................................................ $125 Rental interest factor .................................................................. 3 Fixed charges included in nuclear fuel cost ............................................. 6 Total fixed charges, as defined ....................................................... $134 Ratio of earnings to fixed charges ........................................................ 7.33 RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Earnings, as defined: Net income .............................................................................. $542 Income taxes ............................................................................ 306 Fixed charges, as below ................................................................. 134 Total earnings, as defined ............................................................ $982 Fixed charges, as defined: Interest charges ........................................................................ $125 Rental interest factor .................................................................. 3 Fixed charges included in nuclear fuel cost ............................................. 6 Total fixed charges, as defined ....................................................... 134 Non-tax deductible preferred stock dividends .............................................. 11 Ratio of income before income taxes to net income ......................................... 1.56 Preferred stock dividends before income taxes ............................................. 17 Combined fixed charges and preferred stock dividends ...................................... $151 Ratio of earnings to combined fixed charges and preferred stock dividends ................. 6.50