NextEra Energy (NEE) 10-K2011 FY Annual report

Filed: 28 Feb 12, 12:00am

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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)



	Years Ended December 31,
	2011		2010		2009		2008		2007
	(millions of dollars)
Earnings, as defined:
Net income	$	1,923	$	1,957	$	1,615	$	1,639	$	1,312
Income taxes	529		532		327		450		368
Fixed charges included in the determination of net income, as below	1,094		1,025		899		859		799
Amortization of capitalized interest	21		21		17		15		12
Distributed income of equity method investees	95		74		69		124		175
Less: Equity in earnings of equity method investees	55		58		52		93		68
Total earnings, as defined	$	3,607	$	3,551	$	2,875	$	2,994	$	2,598

Fixed charges, as defined:
Interest expense	$	1,035	$	979	$849		$813		$762
Rental interest factor	41		32		28		28		23
Allowance for borrowed funds used during construction	18		14		22		18		14
Fixed charges included in the determination of net income	1,094		1,025		899		859		799
Capitalized interest	107		75		88		55		40
Total fixed charges, as defined	$	1,201	$	1,100	$	987	$	914	$	839

Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends^(a)	3.00		3.23		2.91		3.28		3.10

__________________


(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.