EXHIBIT 12(a)
FPL GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Six Months Ended
June 30, 2000
(millions)
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Earnings, as defined:
Net income .............................................................................. $ 204
Income taxes ............................................................................ 101
Fixed charges included in the determination of net income, as below ..................... 71
Distributed income of independent power investments...................................... 33
Less: Equity in earnings of independent power investments ............................... 16
Total earnings, as defined ............................................................ $ 393
Fixed charges, as defined:
Interest charges ........................................................................ $ 64
Rental interest factor .................................................................. 3
Fixed charges included in nuclear fuel cost ............................................. 4
Fixed charges included in the determination of net income ............................... 71
Capitalized interest .................................................................... 12
Total fixed charges, as defined ....................................................... $ 83
Ratio of earnings to fixed charges ........................................................ 4.73
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