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

Six Months Ended
June 30, 2003

 

(millions of dollars)

Earnings, as defined:

      

    Net income

$

414

  

    Income taxes

  

189

  

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

  

171

  

    Amortization of capitalized interest

  

1

  

    Distribution of earnings from equity method investees

  

15

  

    Less: Equity in earnings of equity method investees

51

       

        Total earnings, as defined

$

739

       

Fixed charges, as defined:

      

    Interest charges

$

161

    Rental interest factor

  

9

  

    Fixed charges included in nuclear fuel cost

1

    Fixed charges, included in the determination of net income

  

171

  

    Capitalized interest

52

       

        Total fixed charges, as defined

$

223

       

Ratio of earnings to fixed charges

3.31