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Content analysis
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EXHIBIT 12(a) |
FPL GROUP, INC. AND SUBSIDIARIES |
Nine Months Ended | ||||
| (millions) | |||
Earnings, as defined: |
|
|
| |
Net income | $ | 663 |
| |
Income taxes |
| 330 |
| |
Fixed charges, included in the determination of net income, as below |
| 262 |
| |
Distributed income of independent power investments |
| 27 |
| |
Less equity in earnings of independent power investments | 81 | |||
|
|
|
| |
Total earnings, as defined | $ | 1,201 | ||
|
|
|
| |
Fixed charges, as defined: |
|
|
| |
Interest charges | $ | 250 | ||
Rental interest factor |
| 7 |
| |
Fixed charges included in nuclear fuel cost | 5 | |||
Fixed charges, included in the determination of net income |
| 262 |
| |
Capitalized interest | 31 | |||
|
|
|
| |
Total fixed charges, as defined | $ | 293 | ||
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|
| |
Ratio of earnings to fixed charges | 4.10 | |||