EX-12 2 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, 2006

 

(millions of dollars)

Earnings, as defined:

    Net income

$

486

    Income taxes

152

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

353

    Amortization of capitalized interest

6

    Distributed income of equity method investees

55

    Less:  Equity in earnings of equity method investees

41

        Total earnings, as defined

$

1,011

Fixed charges, as defined:

    Interest charges

$

347

    Rental interest factor

6

    Fixed charges included in the determination of net income

353

    Capitalized interest

13

        Total fixed charges, as defined

$

366

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

2.76

_____________________

(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.