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, 2002

 

(millions)

Earnings, as defined:

      

    Income before cumulative effect of a change in accounting principle

$

566

  

    Income taxes

  

199

  

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

  

244

  

    Amortization of capitalized interest

  

1

  

    Distributed income of independent power investments

  

55

  

    Less: Equity in earnings of equity method investees

51

       

        Total earnings, as defined

$

1,014

       

Fixed charges, as defined:

      

    Interest charges

$

234

    Rental interest factor

  

8

  

    Fixed charges included in nuclear fuel cost

2

    Fixed charges, included in the determination of net income

  

244

  

    Capitalized interest

65

       

        Total fixed charges, as defined

$

309

       

Ratio of earnings to fixed charges

3.28