EX-12.A 6 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)

Nine Months Ended
September 30, 2008

 

(millions of dollars)

Earnings, as defined:

    Net income

$

1,232

    Income taxes

342

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

629

    Amortization of capitalized interest

11

    Distributed income of equity method investees

50

    Less:  Equity in earnings of equity method investees

85

        Total earnings, as defined

$

2,179

Fixed charges, as defined:

    Interest expense

$

597

    Rental interest factor

20

    Allowance for borrowed funds used during construction

12

    Fixed charges included in the determination of net income

629

    Capitalized interest

41

        Total fixed charges, as defined

$

670

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

3.25

_____________________

(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.