EX-12 2 nep1q2018ex12.htm EXHIBIT 12
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

| Three Months Ended March 31, 2018
| (millions of dollars)
Earnings, as defined: |
Net income | $ | (21 | )
Income tax expense | 19 |
Fixed charges included in the determination of net income, as below | 106 |
Amortization of capitalized interest | 1 |
Distributed income of equity method investee | 10 |
Less: Equity in earnings of equity method investee and non-economic ownership interests | 9 |
Total earnings, as defined | $ | 106 |
Fixed charges, as defined: |
Interest expense | $ | 103 |
Rental interest factor | 3 |
Fixed charges included in the determination of net income | 106 |
Capitalized interest | — |
Total fixed charges, as defined | $ | 106 |
Preferred unit distributions requirement | $ | 6 |
Ratio of income before income taxes to net income | 0.1 |
Preferred unit distributions requirement before income taxes | $ | 1 |
Combined fixed charges and preferred unit distributions requirement | $ | 107 |
Ratio of earnings to fixed charges | 1.00 |
Ratio of earnings to fixed charges and preferred unit distributions(a) | 0.99 |

__________________________

(a) | For the three months ended March 31, 2018, NEP had a deficit of earnings to fixed charges and preferred unit distributions of approximately $1 million.