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)

		Six Months Ended June 30, 2004
		(millions of dollars)
Earnings, as defined:
Net income			$	395
Preferred stock dividends of a consolidated subsidiary (b)				-
Income taxes				123
Fixed charges included in the determination of net income, as below				254
Amortization of capitalized interest				4
Distributed income of equity method investees				27
Less:  Equity in earnings of equity method investees				38
Total earnings, as defined			$	765
Fixed charges, as defined:
Interest charges			$	246
Rental interest factor				8
Fixed charges included in the determination of net income				254
Capitalized interest				24
Dividend requirements on preferred stock of a consolidated
subsidiary before income taxes (b)				-
Total fixed charges, as defined			$	278
Ratio of earnings to fixed charges and ratio of earnings
to combined fixed charges and preferred stock dividends (a)				2.75
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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.
(b)	A portion of Florida Power & Light Company's preferred stock is owned by FPL Group, Inc. and is eliminated in consolidation.  Accordingly, those dividends are not included herein.