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)
|
Nine
Months Ended
September
30, 2009
|
||||
|
(millions
of dollars)
|
||||
|
Earnings,
as defined:
|
||||
|
Net
income
|
$
|
1,267
|
||
|
Income
taxes
|
272
|
|||
|
Fixed
charges included in the determination of net income, as
below
|
671
|
|||
|
Amortization
of capitalized interest
|
12
|
|||
|
Distributed
income of equity method investees
|
33
|
|||
|
Less: Equity
in earnings of equity method investees
|
49
|
|||
|
Total
earnings, as defined
|
$
|
2,206
|
||
|
Fixed
charges, as defined:
|
||||
|
Interest
expense
|
$
|
631
|
||
|
Rental
interest factor
|
21
|
|||
|
Allowance
for borrowed funds used during construction
|
19
|
|||
|
Fixed
charges included in the determination of net income
|
671
|
|||
|
Capitalized
interest
|
61
|
|||
|
Total
fixed charges, as defined
|
$
|
732
|
||
|
Ratio
of earnings to fixed charges and ratio of earnings to combined fixed
charges and preferred stock dividends (a)
|
3.01
|
|||
¾¾¾¾¾¾¾¾¾¾
|
(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.
|