Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - NEXTERA ENERGY PARTNERS, LP | nep2q2018ex32.htm |
| EX-31.B - EXHIBIT 31(B) - NEXTERA ENERGY PARTNERS, LP | nep2q2018ex31b.htm |
| EX-31.A - EXHIBIT 31(A) - NEXTERA ENERGY PARTNERS, LP | nep2q2018ex31a.htm |
| 10-Q - 10-Q - NEXTERA ENERGY PARTNERS, LP | nep10q2q2018.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
Six Months Ended June 30, 2018 | |||
(millions of dollars) | |||
Earnings, as defined: | |||
Net income | $ | 274 | |
Income tax benefit | (2 | ) | |
Fixed charges included in the determination of net income, as below | 130 | ||
Amortization of capitalized interest | 2 | ||
Distributed income of equity method investee | 18 | ||
Less: Equity in earnings of equity method investee and non-economic ownership interests | 29 | ||
Total earnings, as defined | $ | 393 | |
Fixed charges, as defined: | |||
Interest expense | $ | 124 | |
Rental interest factor | 6 | ||
Fixed charges included in the determination of net income | 130 | ||
Capitalized interest | — | ||
Total fixed charges, as defined | $ | 130 | |
Preferred unit distributions requirement | $ | 12 | |
Ratio of income before income taxes to net income | 1.0 | ||
Preferred unit distributions requirement before income taxes | $ | 12 | |
Combined fixed charges and preferred unit distributions requirement | $ | 142 | |
Ratio of earnings to fixed charges | 3.02 | ||
Ratio of earnings to fixed charges and preferred unit distributions | 2.77 | ||