EX-12.A 3 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, 2008

 

(millions of dollars)

Earnings, as defined:

    Net income

$

458

    Income tax benefit

(18

)

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

414

    Amortization of capitalized interest

7

    Distributed income of equity method investees

34

    Less:  Equity in earnings of equity method investees

40

        Total earnings, as defined

$

855

Fixed charges, as defined:

    Interest expense

$

393

    Rental interest factor

14

    Allowance for borrowed funds used during construction

7

    Fixed charges included in the determination of net income

414

    Capitalized interest

25

        Total fixed charges, as defined

$

439

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

1.95

_____________________

(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.