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)
| Three Months Ended March 31, 2014 | Year Ended December 31, 2013 | ||||||
| (millions of dollars) | |||||||
| Earnings, as defined: | |||||||
| Income from continuing operations | $ | 430 | $ | 1,677 | |||
| Income taxes | 153 | 777 | |||||
| Fixed charges included in the determination of income from continuing operations, as below | 340 | 1,195 | |||||
| Amortization of capitalized interest | 9 | 34 | |||||
| Distributed income of equity method investees | — | 33 | |||||
| Less: Equity in earnings of equity method investees | 2 | 25 | |||||
| Total earnings, as defined | $ | 930 | $ | 3,691 | |||
| Fixed charges, as defined: | |||||||
| Interest expense | $ | 319 | $ | 1,121 | |||
| Rental interest factor | 14 | 47 | |||||
| Allowance for borrowed funds used during construction | 7 | 27 | |||||
| Fixed charges included in the determination of income from continuing operations | 340 | 1,195 | |||||
| Capitalized interest | 29 | 140 | |||||
| Total fixed charges, as defined | $ | 369 | $ | 1,335 | |||
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a) | 2.52 | 2.76 | |||||
| (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. |