EXHIBIT 12(a) FPL GROUP, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Years Ended December 31, 1999 1998 1997 1996 1995 (Millions of Dollars) Earnings, as defined: Net income ............................................ $ 697 $ 664 $ 618 $ 579 $ 553 Income taxes .......................................... 323 279 304 294 329 Fixed charges, included in the determination of net income, as below ................................ 234 335 304 283 308 Distributed income of independent power investments.... 75 68 47 38 39 Less: Equity in earnings of independent power investments ......................................... 50 39 14 5 6 Total earnings, as defined ........................ $1,279 $1,307 $1,259 $1,189 $1,223 Fixed charges, as defined: Interest charges ...................................... $ 222 $ 322 $ 291 $ 267 $ 291 Rental interest factor ................................ 4 4 4 5 6 Fixed charges included in nuclear fuel cost ........... 8 9 9 11 11 Fixed charges, included in the determination of net income .............................................. 234 335 304 283 308 Capitalized interest .................................. 9 2 4 - - Total fixed charges, as defined ................... $ 243 $ 337 $ 308 $ 283 $ 308 Ratio of earnings to fixed charges ...................... 5.26 3.88 4.09 4.20 3.97