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
Nine Months Ended September 30, 2000 (millions) Earnings, as defined: Net income .............................................................................. $ 639 Income taxes ............................................................................ 323 Fixed charges included in the determination of net income, as below ..................... 212 Distributed income of independent power investments...................................... 52 Less: Equity in earnings of independent power investments ............................... 49 Total earnings, as defined ............................................................ $1,177 Fixed charges, as defined: Interest charges ........................................................................ $ 201 Rental interest factor .................................................................. 4 Fixed charges included in nuclear fuel cost ............................................. 7 Fixed charges included in the determination of net income ............................... 212 Capitalized interest .................................................................... 5 Total fixed charges, as defined ....................................................... $ 217 Ratio of earnings to fixed charges ........................................................ 5.42