CENTERPOINT ENERGY RESOURCES CORP - FORM 10-Q - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - May 10, 2012

Attached files

file filename
EX-32.2 - SECTION 1350 CERTIFICATION OF GARY L. WHITLOCK - CENTERPOINT ENERGY RESOURCES CORPcercexhibit322_3312012.htm
EX-32.1 - SECTION 1350 CERTIFICATION OF DAVID M. MCCLANAHAN - CENTERPOINT ENERGY RESOURCES CORPcercexhibit321_3312012.htm
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF GARY L. WHITLOCK - CENTERPOINT ENERGY RESOURCES CORPcercexhibit312_3312012.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF DAVID M. MCCLANAHAN - CENTERPOINT ENERGY RESOURCES CORPcercexhibit311_3312012.htm
EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY RESOURCES CORPFinancial_Report.xls
10-Q - QUARTERLY REPORT ON FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 2012 - CENTERPOINT ENERGY RESOURCES CORPcercq1201210-q.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,
 
2011 (1)
 
2012 (1)
 
 
 
 
Net Income
$
133

 
$
118

Equity in earnings of unconsolidated affiliates, net of distributions
(3
)
 
2

Income taxes
85

 
75

Capitalized interest
(1
)
 
—

 
214

 
195

 
 

 
 

Fixed charges, as defined:
 

 
 

 
 

 
 

Interest
49

 
45

Capitalized interest
1

 
—

Interest component of rentals charged to operating expense
4

 
2

Total fixed charges
54

 
47

 
 

 
 

Earnings, as defined
$
268

 
$
242

 
 

 
 

Ratio of earnings to fixed charges
4.96

 
5.15

         ___________
(1)
Excluded from the computation of fixed charges for the three months ended March 31, 2011 and 2012 is interest expense of less than $1 million and interest income of $2 million, respectively, which is included in income tax expense.

 


 


 




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