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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Six Months Ended June 30,
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2010 (1)
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2011 (1)
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Net Income
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$ | 90 | $ | 103 | ||||
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Income taxes
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51 | 58 | ||||||
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Capitalized interest
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(1 | ) | (2 | ) | ||||
| 140 | 159 | |||||||
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Fixed charges, as defined:
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Interest
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146 | 140 | ||||||
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Capitalized interest
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1 | 2 | ||||||
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Interest component of rentals charged to operating expense
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— | — | ||||||
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Total fixed charges
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147 | 142 | ||||||
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Earnings, as defined
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$ | 287 | $ | 301 | ||||
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Ratio of earnings to fixed charges
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1.95 | 2.12 | ||||||
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(1)
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Excluded from the computation of fixed charges for the six months ended June 30, 2010 and 2011 is interest expense of $3 million and $4 million, respectively, which is included in income tax expense.
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