Attached files
| file | filename |
|---|---|
| 10-Q - NEXTERA ENERGY PARTNERS SEPTEMBER 30, 2016 FORM 10-Q - NEXTERA ENERGY PARTNERS, LP | nep10q3q2016.htm |
| EX-32 - EXHIBIT 32 - NEXTERA ENERGY PARTNERS, LP | nep3q2016ex32.htm |
| EX-31.B - EXHIBIT 31. (B) - NEXTERA ENERGY PARTNERS, LP | nep3q2016ex31b.htm |
| EX-31.A - EXHIBIT 31. (A) - NEXTERA ENERGY PARTNERS, LP | nep3q2016ex31a.htm |
| EX-10.1 - EXHIBIT 10.1 - NEXTERA ENERGY PARTNERS, LP | nep3q2016ex101.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)
Nine Months Ended September 30, 2016 | |||
(millions of dollars) | |||
Earnings, as defined: | |||
Net income | $ | 149 | |
Income tax expense | 15 | ||
Fixed charges included in the determination of net income, as below | 209 | ||
Amortization of capitalized interest | 4 | ||
Distributed income of equity method investees | — | ||
Less: Equity in earnings (loss) of equity method investees | (20 | ) | |
Total earnings, as defined | $ | 397 | |
Fixed charges, as defined: | |||
Interest expense | $ | 203 | |
Rental interest factor | 6 | ||
Fixed charges included in the determination of net income | 209 | ||
Capitalized interest | — | ||
Total fixed charges, as defined | $ | 209 | |
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred unit distributions(a) | 1.90 | ||
(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. |