EX-12 2 exhibit12a.htm EXHIBIT 12(A) EXHIBIT 12(a)

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, 2005

 

(millions of dollars)

Earnings, as defined:

    Net income

$

137

    Income taxes

22

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

141

    Amortization of capitalized interest

3

    Distributed income of equity method investees

1

    Less:  Equity in earnings of equity method investees

19

        Total earnings, as defined

$

285

Fixed charges, as defined:

    Interest charges

$

138

    Rental interest factor

3

    Fixed charges included in the determination of net income

141

    Capitalized interest

7

        Total fixed charges, as defined

$

148

Ratio of earnings to fixed charges and ratio of earnings to

    combined fixed charges and preferred stock dividends (a)

1.93

_____________________

 

(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.