EX-12.A 2 0002.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12(a) FPL GROUP, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, 2000 (millions) Earnings, as defined: Net income .............................................................................. $ 204 Income taxes ............................................................................ 101 Fixed charges included in the determination of net income, as below ..................... 71 Distributed income of independent power investments...................................... 33 Less: Equity in earnings of independent power investments ............................... 16 Total earnings, as defined ............................................................ $ 393 Fixed charges, as defined: Interest charges ........................................................................ $ 64 Rental interest factor .................................................................. 3 Fixed charges included in nuclear fuel cost ............................................. 4 Fixed charges included in the determination of net income ............................... 71 Capitalized interest .................................................................... 12 Total fixed charges, as defined ....................................................... $ 83 Ratio of earnings to fixed charges ........................................................ 4.73