EX-12.(A) 2 nee-03312015xex12a.htm EXHIBIT 12(A) NEE-03312015-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) 


 
Three Months Ended 
 March 31, 2015
 
 
   (millions of dollars)
Earnings, as defined:
 
 
Net income
$
650

 
Income taxes
286

 
Fixed charges included in the determination of net income, as below
337

 
Amortization of capitalized interest
10

 
Distributed income of equity method investees
6

 
Less:  Equity in earnings of equity method investees
9

 
Total earnings, as defined
$
1,280

 
 
 
 
Fixed charges, as defined:
 
 
Interest expense
$
321

 
Rental interest factor
13

 
Allowance for borrowed funds used during construction
3

 
Fixed charges included in the determination of net income
337

 
Capitalized interest
18

 
Total fixed charges, as defined
$
355

 
 
 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
3.61

 
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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.