CENTERPOINT ENERGY RESOURCES CORP - FORM 10-Q - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - May 12, 2011

Attached files

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10-Q - FORM 10-Q MARCH 31, 2011 - CENTERPOINT ENERGY RESOURCES CORPcercform10-q.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-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
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)
 
   
Three Months Ended March 31,
  
   
2010
    
2011
  
             
Net Income
   $ 106     $ 133  
Equity in earnings of unconsolidated affiliates, net of distributions
     5       (3 )
Income taxes
     96       85  
Capitalized interest
     (1 )     (1 )
      206       214  
                 
Fixed charges, as defined:
                
                 
Interest
     51       49  
Capitalized interest
     1       1  
Interest component of rentals charged to operating expense
     6       4  
Total fixed charges
     58       54  
                 
Earnings, as defined
   $ 264     $ 268  
                 
Ratio of earnings to fixed charges
     4.55       4.96  
 
 
 
 
 
 
 

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