Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY RESOURCES CORP | Financial_Report.xls |
| EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit312_12312014.htm |
| EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit322_12312014.htm |
| EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit311_12312014.htm |
| EX-23.1 - EXHIBIT 23.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit231_12312014.htm |
| EX-23.2 - EXHIBIT 23.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit232_12312014.htm |
| EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit321_12312014.htm |
| 10-K - 10-K - CENTERPOINT ENERGY RESOURCES CORP | cerc201410-k.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)
Year Ended December 31, | |||||||||||||||||||
2014 (1) | 2013 (1) | 2012 (1) | 2011 (1) | 2010 (1) | |||||||||||||||
Net Income | $ | 323 | $ | 64 | $ | 137 | $ | 316 | $ | 300 | |||||||||
Equity in earnings of unconsolidated affiliates, net of distributions | (2 | ) | (58 | ) | 8 | 8 | 13 | ||||||||||||
Income taxes | 188 | 371 | 246 | 187 | 187 | ||||||||||||||
Capitalized interest | (1 | ) | (1 | ) | (2 | ) | — | (7 | ) | ||||||||||
508 | 376 | 389 | 511 | 493 | |||||||||||||||
Fixed charges, as defined: | |||||||||||||||||||
Interest | 141 | 154 | 179 | 190 | 208 | ||||||||||||||
Capitalized interest | 1 | 1 | 2 | — | 7 | ||||||||||||||
Interest component of rentals charged to operating expense | 3 | 6 | 9 | 14 | 25 | ||||||||||||||
Total fixed charges | 145 | 161 | 190 | 204 | 240 | ||||||||||||||
Earnings, as defined | $ | 653 | $ | 537 | $ | 579 | $ | 715 | $ | 733 | |||||||||
Ratio of earnings to fixed charges | 4.50 | 3.34 | 3.05 | 3.50 | 3.05 | ||||||||||||||
___________
(1) | Excluded from the computation of fixed charges for the years ended December 31, 2014, 2013, 2012, 2011 and 2010 is interest income of $-0-, $3 million, $3 million, $-0- and $1 million, respectively, which is included in income tax expense. |