EX-12 7 nep2q2015ex12.htm EXHIBIT 12 NEP.2Q.2015.EX12


Exhibit 12



NEXTERA ENERGY PARTNERS, LP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED UNIT DISTRIBUTIONS(a) 


 
Six Months Ended
June 30, 2015
 
(millions of dollars)
Earnings, as defined:
 
Net income
$
30

Income taxes
8

Fixed charges included in the determination of net income, as below
53

Amortization of capitalized interest
1

Distributed income of equity method investees

Less:  Equity in earnings of equity method investees
(1
)
Total earnings, as defined
$
93

 
 
Fixed charges, as defined:
 
Interest expense
$
51

Rental interest factor
2

Fixed charges included in the determination of net income
53

Capitalized interest

Total fixed charges, as defined
$
53

 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred unit distributions(a)
1.75

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(a)
NextEra Energy Partners, LP 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 unit distributions.