|Exhibit 12(b)                                      
|---------------------------------------------------
|FLORIDA POWER & LIGHT COMPANY
COMPUTATION OF RATIOS

|                                            | Nine Months Ended
September 30, 2003
|------------------------------------------- | ------------------------------------
|                                           
|                                            | (millions of dollars)               
|RATIO OF EARNINGS TO FIXED CHARGES         
|                                           
|Earnings, as defined:                       |                                     
|Net income                                  | $                                   
|Income taxes                                |                                     
|Fixed charges, as below                     |                                     
|                                            |                                     
|                                            |                                     
|Total earnings, as defined                  | $                                   
|                                            |                                     
|                                            |                                     
|Fixed charges, as defined:                  |                                     
|Interest charges                            | $                                   
|Rental interest factor                      |                                     
|Fixed charges included in nuclear fuel cost |                                     
|Capitalized interest                        |                                     
|                                            |                                     
|                                            |                                     
|Total fixed charges, as defined             | $                                   
|                                            |                                     
|                                            |                                     
|Ratio of earnings to fixed charges          |                                     
|                                            |                                     



|RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
|-------------------------------------------------------------------------
|                                                                         
|Earnings, as defined:                                                    
|Net income                                                               
|Income taxes                                                             
|Fixed charges, as below                                                  
|                                                                         
|                                                                         
|Total earnings, as defined                                               
|                                                                         
|                                                                         
|Fixed charges, as defined:                                               
|Interest charges                                                         
|Rental interest factor                                                   
|Fixed charges included in nuclear fuel cost                              
|Capitalized interest                                                     
|                                                                         
|                                                                         
|Total fixed charges, as defined                                          
|                                                                         
|                                                                         
|Non-tax deductible preferred stock dividends                             
|Ratio of income before income taxes to net income                        
|                                                                         
|                                                                         
|Preferred stock dividends before income taxes                            
|                                                                         
|                                                                         
|Combined fixed charges and preferred stock dividends                     
|                                                                         
|                                                                         
|Ratio of earnings to combined fixed charges and preferred stock dividends
|