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)

Three Months Ended
March 31, 2008

 

(millions of dollars)

Earnings, as defined:

    Net income

$

249

    Income taxes

30

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

208

    Amortization of capitalized interest

3

    Distributed income of equity method investees

1

    Less:  Equity in earnings of equity method investees

14

        Total earnings, as defined

$

477

Fixed charges, as defined:

    Interest charges

$

199

    Rental interest factor

6

    Allowance for borrowed funds used during construction

3

    Fixed charges included in the determination of net income

208

    Capitalized interest

13

        Total fixed charges, as defined

$

221

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

2.16

_____________________

(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.