EX-12.A 4 exhibit12a.htm EXHIBIT 12(A) exhibit12a.htm


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, 2010
 
(millions of dollars)
Earnings, as defined:
   
Net income
 
$
1,694
 
Income taxes
   
532
 
Fixed charges included in the determination of net income, as below
   
766
 
Amortization of capitalized interest
   
15
 
Distributed income of equity method investees
   
32
 
Less:  Equity in earnings of equity method investees
   
56
 
Total earnings, as defined
 
$
2,983
 
         
Fixed charges, as defined:
       
Interest expense
 
$
732
 
Rental interest factor
   
24
 
Allowance for borrowed funds used during construction
   
10
 
Fixed charges included in the determination of net income
   
766
 
Capitalized interest
   
49
 
Total fixed charges, as defined
 
$
815
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
   
3.66
 
¾¾¾¾¾¾¾¾¾¾
(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.