CENTERPOINT ENERGY HOUSTON ELECTRIC LLC - FORM 10-K - EX-12 - EXHIBIT 12 - February 26, 2016

Attached files

file filename
EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit312x12312015.htm
EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit311x12312015.htm
EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit322x12312015.htm
EX-23 - EXHIBIT 23 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit23x12312015.htm
EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit321x12312015.htm
10-K - 10-K - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_10kx12312015.htm


Exhibit 12

CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
(AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES


 
Year Ended December 31,
 
2015 (1)
 
2014 (1)
 
2013 (1)
 
2012 (1)
 
2011 (1)
 
(in millions)
Income before extraordinary item
$
261

 
$
252

 
$
269

 
$
279

 
$
488

Income taxes
145

 
131

 
146

 
113

 
248

Capitalized interest
(8
)
 
(10
)
 
(10
)
 
(6
)
 
(4
)
 
398

 
373

 
405

 
386

 
732

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
Interest
223

 
227

 
232

 
288

 
277

Capitalized interest
8

 
10

 
10

 
6

 
4

Interest component of rentals charged to operating expense
—

 
—

 
—

 
—

 
—

Total fixed charges
231

 
237

 
242

 
294

 
281

 
 
 
 
 
 
 
 
 
 
Earnings, as defined
$
629

 
$
610

 
$
647

 
$
680

 
$
1,013

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
2.72

 
2.57

 
2.67

 
2.31

 
3.60

 
(1)
Excluded from the computation of fixed charges for the years ended December 31, 2015, 2014, 2013, 2012, and 2011 is interest expense of $-0-, interest expense of $-0-, interest income of less than $1 million, interest income of $8 million and interest income of $12 million, respectively, which is included in income tax expense.


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