CENTERPOINT ENERGY RESOURCES CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - March 11, 2010

Attached files

file filename
10-K - FORM 10-K DECEMBER 31, 2009 - CENTERPOINT ENERGY RESOURCES CORPcercform10-k.htm
EX-23 - CONSENT OF DELOITTE & TOUCHE LLP - CENTERPOINT ENERGY RESOURCES CORPex23.htm
EX-32.2 - SECTION 1350 CERTIFICATION OF GARY L. WHITLOCK - CENTERPOINT ENERGY RESOURCES CORPex32-2.htm
EX-32.1 - SECTION 1350 CERTIFICATION OF DAVID M. MCCLANAHAN - CENTERPOINT ENERGY RESOURCES CORPex32-1.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF DAVID M. MCCLANAHAN - CENTERPOINT ENERGY RESOURCES CORPex31-1.htm
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF GARY L. WHITLOCK - CENTERPOINT ENERGY RESOURCES CORPex31-2.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)

   
Year Ended December 31,
  
   
     2005
    
     2006
    
     2007 (1)
    
      2008 (1)
    
      2009 (1)
  
                               
 Net Income
   $ 193     $ 207     $ 287     $ 343     $ 230  
 Equity in earnings of unconsolidated
affiliates, net of distributions
      (6 )       (5 )       (13 )       (51 )       (3 ) 
 Income taxes
     116       116       173       228       146  
 Capitalized interest
     (1 )     (6 )     (12 )     (5 )     (2 )
      302       312       435       515       371  
                                         
 Fixed charges, as defined:
                                        
                                         
Interest expense
     176       167       187       206       213  
Capitalized interest
     1       6       12       5       2  
Interest component of rentals charged
        to operating expense
     11       17       14       13       12  
Total fixed charges
     188       190       213       224       227  
                                         
 Earnings, as defined
   $ 490     $ 502     $ 648     $ 739     $ 598  
                                         
 Ratio of earnings to fixed charges
     2.61       2.64       3.04       3.30       2.63  
________
 
(1)
Excluded from the computation of fixed charges for the years ended December 31, 2007, 2008 and 2009 is interest income of $2 million, $1 million and $-0-, respectively, which is included in income tax expense.
 
 
 

 
 
 
 

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