That scripture supports the Trinity doctrine. 1 God in 3 persons. God begats God. I look at as Jesus being a clone of God. God in the person of the Father, the Son, and the Holy Spirit all played a role in the creation.
"In the beginning God created teh heavens and the earth. Now the earth was formless and empty, darkness was over the surface of the deep, and the Spirit of God was hovering over the waters." (Gen. 1:1-2)