EX-12.A 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, 2007

 

(millions of dollars)

Earnings, as defined:

    Net income

$

555

    Income taxes

133

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

369

    Amortization of capitalized interest

6

    Distributed income of equity method investees

112

    Less:  Equity in earnings of equity method investees

31

        Total earnings, as defined

$

1,144

Fixed charges, as defined:

    Interest charges

$

358

    Rental interest factor

11

    Fixed charges included in the determination of net income

369

    Capitalized interest

24

        Total fixed charges, as defined

$

393

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

2.91

_____________________

(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.