EX-12.A 2 nee-06302014xex12a.htm EXHIBIT 12(A) NEE-06302014-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) 


 
Six Months Ended 
 June 30, 2014
 
 
   (millions of dollars)
Earnings, as defined:
 
 
Income from continuing operations
$
921

 
Income taxes
444

 
Fixed charges included in the determination of income from continuing operations, as below
660

 
Amortization of capitalized interest
19

 
Distributed income of equity method investees
14

 
Less:  Equity in earnings of equity method investees
22

 
Total earnings, as defined
$
2,036

 
 
 
 
Fixed charges, as defined:
 
 
Interest expense
$
624

 
Rental interest factor
28

 
Allowance for borrowed funds used during construction
8

 
Fixed charges included in the determination of income from continuing operations
660

 
Capitalized interest
57

 
Total fixed charges, as defined
$
717

 
 
 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
2.84

 
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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.