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

EXHIBIT 12(a)

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

Three Months Ended
March 31, 2002

 

(millions)

Earnings, as defined:

      

    Income before cumulative effect of a change in accounting principle

$

166

  

    Income taxes

  

19

  

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

  

83

  

    Distributed income of independent power investments

  

12

  

    Less: Equity in earnings of independent power investments

9

       

        Total earnings, as defined

$

271

       

Fixed charges, as defined:

      

    Interest charges

$

80

    Rental interest factor

  

2

  

    Fixed charges included in nuclear fuel cost

1

    Fixed charges, included in the determination of net income

  

83

  

    Capitalized interest

18

       

        Total fixed charges, as defined

$

101

       

Ratio of earnings to fixed charges

2.68