Exhibit 12(a) |
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FPL GROUP, INC. AND SUBSIDIARIES |
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Three Months Ended |
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(millions of dollars) |
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Earnings, as defined: |
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Net income |
$ |
249 |
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Income taxes |
30 |
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Fixed charges included in the determination of net income, as below |
208 |
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Amortization of capitalized interest |
3 |
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Distributed income of equity method investees |
1 |
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Less: Equity in earnings of equity method investees |
14 |
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Total earnings, as defined |
$ |
477 |
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Fixed charges, as defined: |
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Interest charges |
$ |
199 |
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Rental interest factor |
6 |
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Allowance for borrowed funds used during construction |
3 |
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Fixed charges included in the determination of net income |
208 |
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Capitalized interest |
13 |
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Total fixed charges, as defined |
$ |
221 |
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Ratio of earnings to fixed charges and ratio of earnings |
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to combined fixed charges and preferred stock dividends ^{(a)} |
2.16 |
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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. |