CENTERPOINT ENERGY INC - FORM 10-Q - EX-12 - EXHIBIT - August 6, 2014

Attached files

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EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY INCFinancial_Report.xls
EX-32.1 - EXHIBIT - CENTERPOINT ENERGY INCcnp_exhibit321x6302014.htm
EX-31.1 - EXHIBIT - CENTERPOINT ENERGY INCcnp_exhibit311x6302014.htm
EX-31.2 - EXHIBIT - CENTERPOINT ENERGY INCcnp_exhibit312x6302014.htm
EX-32.2 - EXHIBIT - CENTERPOINT ENERGY INCcnp_exhibit322x6302014.htm
10-Q - 10-Q - CENTERPOINT ENERGY INCcnp_10qx6302014.htm


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)

 
Six Months Ended June 30,
 
2014 (1)
 
2013 (1)
Net income
$
292

 
$
47

Equity in earnings of unconsolidated affiliates, net of distributions
2

 
(25
)
Income taxes
171

 
330

Capitalized interest
(6
)
 
(5
)
 
459

 
347

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
233

 
252

Capitalized interest
6

 
5

Interest component of rentals charged to operating expense
2

 
4

Total fixed charges
241

 
261

 
 
 
 
Earnings, as defined
$
700

 
$
608

 
 
 
 
Ratio of earnings to fixed charges
2.90

 
2.33

_______________
(1)
Excluded from the computation of fixed charges for the six months ended June 30, 2014 and 2013 is interest expense of $3 million and interest income of less than $1 million, respectively, which is included in income tax expense.


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