EX-12.A 3 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)


 
Six Months Ended
June 30, 2011
 
(millions of dollars)
Earnings, as defined:
   
Net income
 
$
848
 
Income taxes
   
115
 
Fixed charges included in the determination of net income, as below
   
541
 
Amortization of capitalized interest
   
11
 
Distributed income of equity method investees
   
48
 
Less:  Equity in earnings of equity method investees
   
29
 
Total earnings, as defined
 
$
1,534
 
         
Fixed charges, as defined:
       
Interest expense
 
$
510
 
Rental interest factor
   
21
 
Allowance for borrowed funds used during construction
   
10
 
Fixed charges included in the determination of net income
   
541
 
Capitalized interest
   
50
 
Total fixed charges, as defined
 
$
591
 
         
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
   
2.60
 
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.