CENTERPOINT ENERGY RESOURCES CORP - FORM 10-Q - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - November 8, 2011

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY RESOURCES CORPFinancial_Report.xls
10-Q - FORM 10-Q SEPTEMBER 30, 2011 - CENTERPOINT ENERGY RESOURCES CORPcercform10-q.htm
EX-32.1 - SECTION 1350 CERTIFICATION OF DAVID M. MCCLANAHAN - CENTERPOINT ENERGY RESOURCES CORPex32-1.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-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)

   
Nine Months Ended September 30,
  
   
2010 (1)
    
2011 (1)
  
             
Net Income
   $ 181     $ 223  
Equity in earnings of unconsolidated affiliates, net of distributions
     4       3  
Income taxes
     145       143  
Capitalized interest
     (4 )     (2 )
      326       367  
                 
Fixed charges, as defined:
                
                 
Interest
     155       142  
Capitalized interest
     4       2  
Interest component of rentals charged to operating expense
     19       11  
Total fixed charges
     178       155  
                 
Earnings, as defined
   $ 504     $ 522  
                 
Ratio of earnings to fixed charges
     2.83       3.37  
      
 
(1)
Excluded from the computation of fixed charges for both the nine months ended September 30, 2010 and 2011 is interest expense of less than $1 million, which is included in income tax expense.
 
 

 

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