EX-12.A 5 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)


   
Years Ended December 31,
 
   
2010
   
2009
   
2008
   
2007
   
2006
 
   
(millions of dollars)
 
Earnings, as defined:
                             
Net income
  $ 1,957     $ 1,615     $ 1,639     $ 1,312     $ 1,281  
Income taxes
    532       327       450       368       397  
Fixed charges included in the determination of net income, as below
    1,025       899       859       799       732  
Amortization of capitalized interest
    21       17       15       12       11  
Distributed income of equity method investees
    74       69       124       175       104  
Less:  Equity in earnings of equity method investees
    58       52       93       68       181  
Total earnings, as defined
  $ 3,551     $ 2,875     $ 2,994     $ 2,598     $ 2,344  
                                         
Fixed charges, as defined:
                                       
Interest expense
  $ 979     $ 849     $ 813     $ 762     $ 706  
Rental interest factor
    32       28       28       23       15  
Allowance for borrowed funds used during construction
    14       22       18       14       11  
Fixed charges included in the determination of net income
    1,025       899       859       799       732  
Capitalized interest
    75       88       55       40       18  
Total fixed charges, as defined
  $ 1,100     $ 987     $ 914     $ 839     $ 750  
                                         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
    3.23       2.91       3.28       3.10       3.13  
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.