EX-12.A 2 exhibit12a.htm EXHIBIT 12(A) EXHIBIT 12(a)

Exhibit 12(a)

FPL GROUP, 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, 2007

 

(millions of dollars)

Earnings, as defined:

    Net income

$

150

    Income taxes

6

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

185

    Amortization of capitalized interest

3

    Distributed income of equity method investees

85

    Less:  Equity in earnings of equity method investees

10

        Total earnings, as defined

$

419

Fixed charges, as defined:

    Interest charges

$

180

    Rental interest factor

5

    Fixed charges included in the determination of net income

185

    Capitalized interest

11

        Total fixed charges, as defined

$

196

Ratio of earnings to fixed charges and ratio of earnings

    to combined fixed charges and preferred stock dividends (a)

2.14

_____________________

(a)

FPL Group, 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.