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

|                                                                          | Nine Months Ended
September 30, 2004
|------------------------------------------------------------------------- | ------------------------------------
|                                                                         
|                                                                          | (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                                                    |                                     
|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                                                    |                                     
|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 |                                     
|                                                                          |