Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - NEXTERA ENERGY PARTNERS, LP | nep-12312016ex32.htm |
| EX-31.(B) - EXHIBIT 31(B) - NEXTERA ENERGY PARTNERS, LP | nep-12312016ex31b.htm |
| EX-31.(A) - EXHIBIT 31(A) - NEXTERA ENERGY PARTNERS, LP | nep-12312016ex31a.htm |
| EX-23 - EXHIBIT 23 - NEXTERA ENERGY PARTNERS, LP | nep-12312016ex23.htm |
| EX-21 - EXHIBIT 21 - NEXTERA ENERGY PARTNERS, LP | nep-12312016ex21.htm |
| EX-10.6.(C) - EXHIBIT 10.6(C) - NEXTERA ENERGY PARTNERS, LP | nep-12312016ex106c.htm |
| EX-10.15 - EXHIBIT 10.15 - NEXTERA ENERGY PARTNERS, LP | nep-12312016ex1015.htm |
| 10-K - NEXTERA ENERGY PARTNERS 2016 FORM 10-K - NEXTERA ENERGY PARTNERS, LP | nep1231201610k.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, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
(millions of dollars) | |||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||
Net income | $ | 345 | $ | 102 | $ | 97 | $ | 20 | $ | 12 | |||||||||
Income taxes | 56 | 25 | (14 | ) | 28 | 4 | |||||||||||||
Fixed charges included in the determination of net income, as below | 155 | 124 | 103 | 52 | 53 | ||||||||||||||
Amortization of capitalized interest | 6 | 3 | 2 | — | — | ||||||||||||||
Distributed income of equity method investee | — | — | — | — | — | ||||||||||||||
Less: Equity in earnings of equity method investee and non-economic ownership interests | (16 | ) | (16 | ) | (7 | ) | — | 4 | |||||||||||
Total earnings, as defined | $ | 546 | $ | 238 | $ | 181 | $ | 100 | $ | 73 | |||||||||
Fixed charges, as defined: | |||||||||||||||||||
Interest expense | $ | 147 | $ | 117 | $ | 100 | $ | 49 | $ | 51 | |||||||||
Rental interest factor | 8 | 7 | 3 | 3 | 2 | ||||||||||||||
Fixed charges included in the determination of net income | 155 | 124 | 103 | 52 | 53 | ||||||||||||||
Capitalized interest | — | — | 4 | 30 | 15 | ||||||||||||||
Total fixed charges, as defined | $ | 155 | $ | 124 | $ | 107 | $ | 82 | $ | 68 | |||||||||
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred unit distributions(a) | 3.52 | 1.92 | 1.69 | 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. |