EXHIBIT 12(b)
FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS
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Six Months Ended
June 30, 2000
(millions)
RATIO OF EARNINGS TO FIXED CHARGES
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Earnings, as defined:
Net income .............................................................................. $ 285
Income taxes ............................................................................ 157
Fixed charges, as below ................................................................. 88
Total earnings, as defined ............................................................ $ 530
Fixed charges, as defined:
Interest charges ........................................................................ $ 82
Rental interest factor .................................................................. 2
Fixed charges included in nuclear fuel cost ............................................. 4
Total fixed charges, as defined ....................................................... $ 88
Ratio of earnings to fixed charges ........................................................ 6.02
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income .............................................................................. $ 285
Income taxes ............................................................................ 157
Fixed charges, as below ................................................................. 88
Total earnings, as defined ............................................................ $ 530
Fixed charges, as defined:
Interest charges ........................................................................ $ 82
Rental interest factor .................................................................. 2
Fixed charges included in nuclear fuel cost ............................................. 4
Total fixed charges, as defined ....................................................... 88
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 ...................................... $ 99
Ratio of earnings to combined fixed charges and preferred stock dividends ................. 5.35
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