EX-12.A 3 ex12a.htm EXHIBIT 12(A) EX.12a


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, 2012
 
(millions of dollars)
Earnings, as defined:
 
Net income
$
461

Income taxes
157

Fixed charges included in the determination of net income, as below
284

Amortization of capitalized interest
6

Distributed income of equity method investees
8

Less:  Equity in losses of equity method investees
(3
)
Total earnings, as defined
$
919

 
 
Fixed charges, as defined:
 
Interest expense
$
265

Rental interest factor
12

Allowance for borrowed funds used during construction
7

Fixed charges included in the determination of net income
284

Capitalized interest
26

Total fixed charges, as defined
$
310

 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
2.96

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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.