NEXTERA ENERGY PARTNERS, LP - FORM 10-K - EX-12 - EXHIBIT 12 - February 19, 2016

Attached files

file filename
EX-32 - EXHIBIT 32 - NEXTERA ENERGY PARTNERS, LPnep-12312015ex32.htm
EX-23 - EXHIBIT 23 - NEXTERA ENERGY PARTNERS, LPnep-12312015ex23.htm
EX-21 - EXHIBIT 21 - NEXTERA ENERGY PARTNERS, LPnep-12312015ex21.htm
EX-31.B - EXHIBIT 31(B) - NEXTERA ENERGY PARTNERS, LPnep-12312015ex31b.htm
EX-31.A - EXHIBIT 31(A) - NEXTERA ENERGY PARTNERS, LPnep-12312015ex31a.htm
10-K - 2015 10-K - NEXTERA ENERGY PARTNERS, LPnep1231201510k.htm


Exhibit 12


NEXTERA ENERGY PARTNERS, LP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED UNIT DISTRIBUTIONS(a) 


 
Years Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
(millions of dollars)
Earnings, as defined:
 
 
 
 
 
 
 
Net income
$
80

 
$
57

 
$
20

 
$
16

Income taxes
101

 
76

 
28

 
4

Fixed charges included in the determination of net income, as below
123

 
103

 
52

 
53

Amortization of capitalized interest
3

 
2

 
—

 
—

Distributed income of equity method investees
—

 
—

 
—

 
—

Less:  Equity in earnings of equity method investees
2

 
1

 
—

 
—

Total earnings, as defined
$
309

 
$
239

 
$
100

 
$
73

 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
Interest expense
$
117

 
$
100

 
$
49

 
$
51

Rental interest factor
6

 
3

 
3

 
2

Fixed charges included in the determination of net income
123

 
103

 
52

 
53

Capitalized interest
—

 
4

 
30

 
15

Total fixed charges, as defined
$
123

 
$
107

 
$
82

 
$
68

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred unit distributions(a)
2.51

 
2.23

 
1.22

 
1.07

————————————
(a)
NextEra Energy Partners, LP 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 unit distributions.



NEXTERA ENERGY PARTNERS, LP Reports