CENTERPOINT ENERGY RESOURCES CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - March 11, 2011

Attached files

file filename
10-K - FORM 10-K DECEMBER 31, 2010 - CENTERPOINT ENERGY RESOURCES CORPcercform10-k.htm
EX-23 - CONSENT OF DELOITTE & TOUCHE LLP - CENTERPOINT ENERGY RESOURCES CORPex23.htm
EX-32.1 - SECTION 1350 CERTIFICATION OF DAVID M. MCCLANAHAN - CENTERPOINT ENERGY RESOURCES CORPex32-1.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
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,
  
   
2006
    
2007 (1)
    
2008 (1)
    
2009 (1)
    
2010 (1)
  
                               
Net Income
   $ 207     $ 287     $ 343     $ 230     $ 300  
Equity in earnings of unconsolidated
affiliates, net of distributions
     (5 )     (13 )     (51 )     (3 )     13  
Income taxes
     116       173       228       146       187  
Capitalized interest
     (6 )     (12 )     (5 )     (2 )     (7 )
      312       435       515       371       493  
                                         
Fixed charges, as defined:
                                        
                                         
Interest
     167       187       206       213       208  
Capitalized interest
     6       12       5       2       7  
Interest component of rentals charged to
operating expense
     17       14       13       12       25  
Total fixed charges
     190       213       224       227       240  
                                         
Earnings, as defined
   $ 502     $ 648     $ 739     $ 598     $ 733  
                                         
Ratio of earnings to fixed charges
     2.64       3.04       3.30       2.63       3.05  
         
(1)
Excluded from the computation of fixed charges for the years ended December 31, 2007, 2008, 2009 and 2010 is interest income of $2 million, $1 million, $-0- and $1 million, respectively, which is included in income tax expense.
 
 

 
 
 


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