EX-12 4 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, 2003

 

(millions of dollars)

Earnings, as defined:

      

    Income before cumulative effect of changes in accounting principles

$

748

  

    Income taxes

  

349

  

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

  

281

  

    Amortization of capitalized interest

  

3

  

    Distribution of earnings from equity method investees

  

27

  

    Less equity in earnings of equity method investees

85

       

        Total earnings, as defined

$

1,323

       

Fixed charges, as defined:

      

    Interest charges

$

267

    Rental interest factor

  

13

  

    Fixed charges included in nuclear fuel cost

1

    Fixed charges, included in the determination of net income

  

281

  

    Capitalized interest

70

       

        Total fixed charges, as defined

$

351

       

Ratio of earnings to fixed charges

3.77