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) 


 
Nine Months Ended
September 30, 2012
 
(millions of dollars)
Earnings, as defined:
 
Net income
$
1,482

Income taxes
553

Fixed charges included in the determination of net income, as below
855

Amortization of capitalized interest
18

Distributed income of equity method investees
20

Less:  Equity in earnings of equity method investees
17

Total earnings, as defined
$
2,911

 
 
Fixed charges, as defined:
 
Interest expense
$
795

Rental interest factor
36

Allowance for borrowed funds used during construction
24

Fixed charges included in the determination of net income
855

Capitalized interest
102

Total fixed charges, as defined
$
957

 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
3.04

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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.