EX-12.A 2 ex12a.htm EXHIBIT 12(A) EX.12 A


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, 2011
 
(millions of dollars)
Earnings, as defined:
 
 
 
Net income
 
$
1,256

 
Income taxes
 
273

 
Fixed charges included in the determination of net income, as below
 
817

 
Amortization of capitalized interest
 
16

 
Distributed income of equity method investees
 
67

 
Less:  Equity in earnings of equity method investees
 
57

 
Total earnings, as defined
 
$
2,372

 
 
 
 
 
Fixed charges, as defined:
 
 
 
Interest expense
 
$
775

 
Rental interest factor
 
29

 
Allowance for borrowed funds used during construction
 
13

 
Fixed charges included in the determination of net income
 
817

 
Capitalized interest
 
77

 
Total fixed charges, as defined
 
$
894

 
 
 
 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
 
2.65

 
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(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.