EX-12 4 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)

Nine Months Ended
September 30, 2006

 

(millions of dollars)

Earnings, as defined:

    Net income

$

1,010

    Income taxes

380

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

537

    Amortization of capitalized interest

8

    Distributed income of equity method investees

57

    Less:  Equity in earnings of equity method investees

83

        Total earnings, as defined

$

1,909

Fixed charges, as defined:

    Interest charges

$

526

    Rental interest factor

11

    Fixed charges included in the determination of net income

537

    Capitalized interest

21

        Total fixed charges, as defined

$

558

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

3.42

_____________________

(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.