Exhibit 12
NEXTERA ENERGY PARTNERS, LP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED UNIT DISTRIBUTIONS(a)
|
| | | |
| | Six Months Ended
June 30, 2016 |
| | (millions of dollars) |
| Earnings, as defined: | |
| Net income | $ | 16 |
|
| Income tax benefit | (12 | ) |
| Fixed charges included in the determination of net income, as below | 166 |
|
| Amortization of capitalized interest | 3 |
|
| Distributed income of equity method investees | — |
|
| Less: Equity in earnings (loss) of equity method investees | (19 | ) |
| Total earnings, as defined | $ | 192 |
|
| | |
| Fixed charges, as defined: | |
| Interest expense | $ | 162 |
|
| Rental interest factor | 4 |
|
| Fixed charges included in the determination of net income | 166 |
|
| Capitalized interest | — |
|
| Total fixed charges, as defined | $ | 166 |
|
| | |
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred unit distributions(a) | 1.16 |
|
| |
| (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. |
