EX-12 9 exh12a.htm EXHIBIT 12A EXHIBIT 12(a)

EXHIBIT 12(a)

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

Six Months Ended
June 30, 2002

 

(millions)

Earnings, as defined:

      

    Income before cumulative effect of a change in accounting principle

$

416

  

    Income taxes

  

142

  

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

  

166

  

    Amortization of capitalized interest

  

1

  

    Distributed income of independent power investments

  

46

  

    Less: Equity in earnings of independent power investments

32

       

        Total earnings, as defined

$

739

       

Fixed charges, as defined:

      

    Interest charges

$

160

    Rental interest factor

  

5

  

    Fixed charges included in nuclear fuel cost

1

    Fixed charges, included in the determination of net income

  

166

  

    Capitalized interest

39

       

        Total fixed charges, as defined

$

205

       

Ratio of earnings to fixed charges

3.60