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)


 
Three Months Ended
March 31, 2011
 
(millions of dollars)
Earnings, as defined:
   
Net income
 
$
268
 
Income taxes
   
(32
)
Fixed charges included in the determination of net income, as below
   
270
 
Amortization of capitalized interest
   
5
 
Distributed income of equity method investees
   
23
 
Less:  Equity in earnings of equity method investees
   
10
 
Total earnings, as defined
 
$
524
 
         
Fixed charges, as defined:
       
Interest expense
 
$
254
 
Rental interest factor
   
11
 
Allowance for borrowed funds used during construction
   
5
 
Fixed charges included in the determination of net income
   
270
 
Capitalized interest
   
23
 
Total fixed charges, as defined
 
$
293
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
   
1.79
 
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.