EX-12.A 7 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)


 
Six Months Ended
June 30, 2009
 
(millions of dollars)
         
Earnings, as defined:
       
Net income
 
$
734
 
Income taxes
   
90
 
Fixed charges included in the determination of net income, as below
   
453
 
Amortization of capitalized interest
   
9
 
Distributed income of equity method investees
   
30
 
Less:  Equity in earnings of equity method investees
   
20
 
         
Total earnings, as defined
 
$
1,296
 
         
Fixed charges, as defined:
       
Interest expense
 
$
426
 
Rental interest factor
   
14
 
Allowance for borrowed funds used during construction
   
13
 
Fixed charges included in the determination of net income
   
453
 
Capitalized interest
   
32
 
         
Total fixed charges, as defined
 
$
485
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends (a)
   
2.67
 
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.