Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY RESOURCES CORP | Financial_Report.xls |
| 10-Q - 10-Q - CENTERPOINT ENERGY RESOURCES CORP | cercq1201510-q.htm |
| EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit321_3312015.htm |
| EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit312_3312015.htm |
| EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit322_3312015.htm |
| EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit311_3312015.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, | |||||||
2015 (1) | 2014 (1) | ||||||
Net income | $ | 109 | $ | 152 | |||
Equity in earnings of unconsolidated affiliates, net of distributions | 20 | (22 | ) | ||||
Income taxes | 71 | 94 | |||||
200 | 224 | ||||||
Fixed charges, as defined: | |||||||
Interest | 34 | 35 | |||||
Interest component of rentals charged to operating expense | 1 | 1 | |||||
Total fixed charges | 35 | 36 | |||||
Earnings, as defined | $ | 235 | $ | 260 | |||
Ratio of earnings to fixed charges | 6.71 | 7.22 | |||||
___________
(1) | Excluded from the computation of fixed charges for the three months ended March 31, 2015 and 2014 is interest expense of $-0- and $9 million, respectively, which is included in income tax expense. |