EX-12.(A) 2 nee-09302014xex12a.htm EXHIBIT 12(A) NEE-09302014-EX.12(a)


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) 


 
Nine Months Ended 
 September 30, 2014
 
 
   (millions of dollars)
Earnings, as defined:
 
 
Income from continuing operations
$
1,585

 
Income taxes
723

 
Fixed charges included in the determination of income from continuing operations, as below
992

 
Amortization of capitalized interest
29

 
Distributed income of equity method investees
26

 
Less:  Equity in earnings of equity method investees
60

 
Total earnings, as defined
$
3,295

 
 
 
 
Fixed charges, as defined:
 
 
Interest expense
$
940

 
Rental interest factor
41

 
Allowance for borrowed funds used during construction
11

 
Fixed charges included in the determination of income from continuing operations
992

 
Capitalized interest
88

 
Total fixed charges, as defined
$
1,080

 
 
 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
3.05

 
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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.