Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY INC | Financial_Report.xls |
| EX-31.2 - EXHIBIT - CENTERPOINT ENERGY INC | cnp_exhibit312x9302014.htm |
| EX-31.1 - EXHIBIT - CENTERPOINT ENERGY INC | cnp_exhibit311x9302014.htm |
| EX-32.1 - EXHIBIT - CENTERPOINT ENERGY INC | cnp_exhibit321x9302014.htm |
| EX-32.2 - EXHIBIT - CENTERPOINT ENERGY INC | cnp_exhibit322x9302014.htm |
| 10-Q - 10-Q - CENTERPOINT ENERGY INC | cnp_10qx9302014.htm |
Exhibit 12
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
Nine Months Ended September 30, | |||||||
2014 (1) | 2013 (1) | ||||||
Net income | $ | 435 | $ | 198 | |||
Equity in earnings of unconsolidated affiliates, net of distributions | (6 | ) | (65 | ) | |||
Income taxes | 241 | 408 | |||||
Capitalized interest | (8 | ) | (8 | ) | |||
662 | 533 | ||||||
Fixed charges, as defined: | |||||||
Interest | 351 | 370 | |||||
Capitalized interest | 8 | 8 | |||||
Interest component of rentals charged to operating expense | 3 | 5 | |||||
Total fixed charges | 362 | 383 | |||||
Earnings, as defined | $ | 1,024 | $ | 916 | |||
Ratio of earnings to fixed charges | 2.83 | 2.39 | |||||
_______________
(1) | Excluded from the computation of fixed charges for the nine months ended September 30, 2014 and 2013 is interest expense of $3 million and interest income of $6 million, respectively, which is included in income tax expense. |