EX-12 4 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)

Three Months Ended
March 31, 2006

 

(millions of dollars)

Earnings, as defined:

    Net income

$

248

    Income taxes

75

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

173

    Amortization of capitalized interest

3

    Distributed income of equity method investees

26

    Less:  Equity in earnings of equity method investees

11

        Total earnings, as defined

$

514

Fixed charges, as defined:

    Interest charges

$

169

    Rental interest factor

4

    Fixed charges included in the determination of net income

173

    Capitalized interest

5

        Total fixed charges, as defined

$

178

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

2.89

_____________________

(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.