EX-12 3 exhibit12a.htm EXHIBIT 12A EXHIBIT 12(a)

EXHIBIT 12(a)

FPL GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Nine Months Ended
September 30, 2001

 

(millions)

Earnings, as defined:

 

 

 

    Net income

$

663

 

    Income taxes

 

330

 

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

 

262

 

    Distributed income of independent power investments

 

27

 

    Less equity in earnings of independent power investments

81

 

 

 

 

        Total earnings, as defined

$

1,201

 

 

 

 

Fixed charges, as defined:

 

 

 

    Interest charges

$

250

    Rental interest factor

 

7

 

    Fixed charges included in nuclear fuel cost

5

    Fixed charges, included in the determination of net income

 

262

 

    Capitalized interest

31

 

 

 

 

        Total fixed charges, as defined

$

293

 

 

 

 

Ratio of earnings to fixed charges

4.10