EX-12.B 3 nee-q32018xex12b.htm EXHIBIT 12.B
Exhibit 12(b)
FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS(a)

| Nine Months Ended September 30, 2018
| (millions of dollars)
Earnings, as defined: |
Net income | $ | 1,764.1 |
Income taxes | 439.7 |
Fixed charges, as below | 438.4 |
Total earnings, as defined | $ | 2,642.2 |
Fixed charges, as defined: |
Interest expense | $ | 411.0 |
Rental interest factor | 10.7 |
Allowance for borrowed funds used during construction | 16.7 |
Total fixed charges, as defined | $ | 438.4 |
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a) | 6.03 |

————————————

(a) | Florida Power & Light Company has no preference equity securities outstanding; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends.