EX-12 5 exhibit12a.htm EXHIBIT 12(A) EXHIBIT 12(a)

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, 2005

 

(millions of dollars)

Earnings, as defined:

    Net income

$

340

    Income taxes

76

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

286

    Amortization of capitalized interest

5

    Distributed income of equity method investees

9

    Less:  Equity in earnings of equity method investees

46

        Total earnings, as defined

$

670

Fixed charges, as defined:

    Interest charges

$

278

    Rental interest factor

8

    Fixed charges included in the determination of net income

286

    Capitalized interest

15

        Total fixed charges, as defined

$

301

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

2.23

_____________________

(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.