| Years Ended December 31, | |||||||||||||||
Three Months Ended March 31, 2015 | 2014 | 2013 | 2012 | ||||||||||||
| (millions of dollars) | |||||||||||||||
| Earnings, as defined: | |||||||||||||||
| Net income | $ | 9 | $ | 52 | $ | 15 | $ | 16 | |||||||
| Income taxes | 1 | 16 | 14 | (9 | ) | ||||||||||
| Fixed charges included in the determination of net income, as below | 24 | 96 | 44 | 44 | |||||||||||
| Amortization of capitalized interest | — | 2 | — | — | |||||||||||
| Total earnings, as defined | $ | 34 | $ | 166 | $ | 73 | $ | 51 | |||||||
| Fixed charges, as defined: | |||||||||||||||
| Interest expense | $ | 23 | $ | 93 | $ | 42 | $ | 43 | |||||||
| Rental interest factor | 1 | 3 | 2 | 1 | |||||||||||
| Fixed charges included in the determination of net income | 24 | 96 | 44 | 44 | |||||||||||
| Capitalized interest | — | 4 | 30 | 15 | |||||||||||
| Total fixed charges, as defined | $ | 24 | $ | 100 | $ | 74 | $ | 59 | |||||||
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred unit distributions(a) | 1.42 | 1.66 | 0.99 | 0.86 | |||||||||||
| (a) | NextEra Energy Partners, LP 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 unit distributions. |
