EX-12.A 6 exhibit12a.htm EXHIBIT 12(A) exhibit12a.htm


Exhibit 12(a)


FPL GROUP, INC. 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, 2009
 
(millions of dollars)
         
Earnings, as defined:
       
Net income
 
$
1,267
 
Income taxes
   
272
 
Fixed charges included in the determination of net income, as below
   
671
 
Amortization of capitalized interest
   
12
 
Distributed income of equity method investees
   
33
 
Less:  Equity in earnings of equity method investees
   
49
 
         
Total earnings, as defined
 
$
2,206
 
         
Fixed charges, as defined:
       
Interest expense
 
$
631
 
Rental interest factor
   
21
 
Allowance for borrowed funds used during construction
   
19
 
Fixed charges included in the determination of net income
   
671
 
Capitalized interest
   
61
 
         
Total fixed charges, as defined
 
$
732
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends (a)
   
3.01
 
¾¾¾¾¾¾¾¾¾¾
(a)
FPL Group, Inc. 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.