EX-12.A 2 nee-03312014xex12a.htm EXHIBIT 12(A) NEE-03312014-EX.12a


Exhibit 12(a)


NEXTERA ENERGY, 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, 2014
 
Year Ended
December 31, 2013
 
(millions of dollars)
Earnings, as defined:
 
 
 
Income from continuing operations
$
430

 
$
1,677

Income taxes
153

 
777

Fixed charges included in the determination of income from continuing operations, as below
340

 
1,195

Amortization of capitalized interest
9

 
34

Distributed income of equity method investees

 
33

Less:  Equity in earnings of equity method investees
2

 
25

Total earnings, as defined
$
930

 
$
3,691

 
 
 
 
Fixed charges, as defined:
 
 
 
Interest expense
$
319

 
$
1,121

Rental interest factor
14

 
47

Allowance for borrowed funds used during construction
7

 
27

Fixed charges included in the determination of income from continuing operations
340

 
1,195

Capitalized interest
29

 
140

Total fixed charges, as defined
$
369

 
$
1,335

 
 
 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
2.52

 
2.76

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(a)
NextEra Energy, 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.