Attached files
Exhibit 12
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
(AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
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Year Ended December 31,
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2006
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2007 (1)
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2008 (1)
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2009 (1)
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2010 (1)
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Net Income
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$ | 271 | $ | 273 | $ | 222 | $ | 208 | $ | 200 | ||||||||||
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Income taxes
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132 | 126 | 121 | 102 | 116 | |||||||||||||||
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Capitalized interest
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(4 | ) | (10 | ) | (7 | ) | (3 | ) | (3 | ) | ||||||||||
| 399 | 389 | 336 | 307 | 313 | ||||||||||||||||
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Fixed charges, as defined:
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Interest
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240 | 230 | 245 | 289 | 289 | |||||||||||||||
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Capitalized interest
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4 | 10 | 7 | 3 | 3 | |||||||||||||||
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Interest component of rentals charged to operating expense
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2 | 1 | 2 | ─ | ─ | |||||||||||||||
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Total fixed charges
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246 | 241 | 254 | 292 | 292 | |||||||||||||||
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Earnings, as defined
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$ | 645 | $ | 630 | $ | 590 | $ | 599 | $ | 605 | ||||||||||
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Ratio of earnings to fixed charges
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2.62 | 2.61 | 2.32 | 2.05 | 2.07 | |||||||||||||||
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(1)
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Excluded from the computation of fixed charges for the years ended December 31, 2007, 2008, 2009 and 2010 is interest expense of $4 million, $7 million, $1 million and $8 million, respectively, which is included in income tax expense.
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