EX-12.A 3 exhibit12a.htm EXHIBIT 12(A) exhibit12a.htm
 


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, 2009
 
(millions of dollars)
         
Earnings, as defined:
       
Net income
 
$
364
 
Income taxes
   
19
 
Fixed charges included in the determination of net income, as below
   
224
 
Amortization of capitalized interest
   
4
 
Less:  Equity in earnings of equity method investees
   
7
 
         
Total earnings, as defined
 
$
604
 
         
Fixed charges, as defined:
       
Interest expense
 
$
211
 
Rental interest factor
   
7
 
Allowance for borrowed funds used during construction
   
6
 
Fixed charges included in the determination of net income
   
224
 
Capitalized interest
   
12
 
         
Total fixed charges, as defined
 
$
236
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends (a)
   
2.56
 
¾¾¾¾¾¾¾¾¾¾
(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.