CENTERPOINT ENERGY RESOURCES CORP - FORM 10-Q - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - November 10, 2009

Attached files

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10-Q - FORM 10-Q SEPTEMBER 30, 2009 - CENTERPOINT ENERGY RESOURCES CORPcercform10-q.htm
EX-32.1 - SECTION 1350 CERTIFICATION OF DAVID M. MCCLANAHAN - CENTERPOINT ENERGY RESOURCES CORPex32-1.htm
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF GARY L. WHITLOCK - CENTERPOINT ENERGY RESOURCES CORPex31-2.htm
EX-32.2 - SECTION 1350 CERTIFICATION OF GARY L. WHITLOCK - CENTERPOINT ENERGY RESOURCES CORPex32-2.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF DAVID M. MCCLANAHAN - CENTERPOINT ENERGY RESOURCES CORPex31-1.htm
Exhibit 12


CENTERPOINT ENERGY RESOURCES CORP. AND SUBSIDIARIES
 (AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)

   
    Nine Months Ended
September 30,
  
   
    2008 (1)
    
     2009 (1)
  
             
Net Income
   $ 253     $ 134  
Equity in earnings of unconsolidated affiliates     (46 )       (8 )
Income taxes
     153       86  
Capitalized interest
     (5 )     (2 ) 
      355       210  
                 
Fixed charges, as defined:
                
                 
Interest                                                                                   
     148       159  
Capitalized interest                                                                                   
     5       2  
Interest component of rentals charged to operating income
     10       8  
Total fixed charges                                                                                   
     163       169  
                 
Earnings, as defined
   $ 518     $ 379  
                 
Ratio of earnings to fixed charges
     3.18       2.24  
________
 
(1)
Excluded from the computation of fixed charges for each of the nine months ended September 30, 2008 and 2009 is interest income of $1 million, which is included in income tax expense.
 

 

 
 
 

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