Exhibit 12(a)

FPL GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS ^(a)

		Three Months Ended March 31, 2004
		(millions of dollars)
Earnings, as defined:
Net income			$	138
Income taxes				28
Fixed charges included in the determination of net income, as below				126
Amortization of capitalized interest				2
Distributed income of equity method investees				8
Less:  Equity in earnings of equity method investees				15
Total earnings, as defined			$	287
Fixed charges, as defined:
Interest charges			$	122
Rental interest factor				4
Fixed charges included in the determination of net income				126
Capitalized interest				12
Total fixed charges, as defined			$	138
Ratio of earnings to fixed charges and ratio of earnings
to combined fixed charges and preferred stock dividends (a)				2.08
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(a)	FPL Group, Inc. has no preference equity securities outstanding; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends.