EXHIBIT 12(b)
FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS
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Nine Months Ended
September 30, 2000
(millions)
RATIO OF EARNINGS TO FIXED CHARGES
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Earnings, as defined:
Net income .............................................................................. $ 564
Income taxes ............................................................................ 320
Fixed charges, as below ................................................................. 138
Total earnings, as defined ............................................................ $1,022
Fixed charges, as defined:
Interest charges ........................................................................ $ 129
Rental interest factor .................................................................. 2
Fixed charges included in nuclear fuel cost ............................................. 7
Total fixed charges, as defined ....................................................... $ 138
Ratio of earnings to fixed charges ........................................................ 7.41
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Earnings, as defined:
Net income .............................................................................. $ 564
Income taxes ............................................................................ 320
Fixed charges, as below ................................................................. 138
Total earnings, as defined ............................................................ $1,022
Fixed charges, as defined:
Interest charges ........................................................................ $ 129
Rental interest factor .................................................................. 2
Fixed charges included in nuclear fuel cost ............................................. 7
Total fixed charges, as defined ....................................................... 138
Non-tax deductible preferred stock dividends .............................................. 11
Ratio of income before income taxes to net income ......................................... 1.57
Preferred stock dividends before income taxes ............................................. 17
Combined fixed charges and preferred stock dividends ...................................... $ 155
Ratio of earnings to combined fixed charges and preferred stock dividends ................. 6.59
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