Attached files
Exhibit 12.3
CENTERPOINT ENERGY RESOURCES CORP. AND SUBSIDIARIES
(An Indirect, Wholly-Owned Subsidiary of CenterPoint Energy, Inc.)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, | |||||||
2018 | 2017 | ||||||
(in millions, except ratios) | |||||||
Net income | $ | 166 | $ | 201 | |||
Equity in earnings of unconsolidated affiliates, net of distributions | 21 | 18 | |||||
Income tax expense | 47 | 119 | |||||
Capitalized interest | (1 | ) | (1 | ) | |||
233 | 337 | ||||||
Fixed charges, as defined: | |||||||
Interest | 62 | 60 | |||||
Capitalized interest | 1 | 1 | |||||
Interest component of rentals charged to operating expense | 1 | 2 | |||||
Total fixed charges | 64 | 63 | |||||
Earnings, as defined | $ | 297 | $ | 400 | |||
Ratio of earnings to fixed charges | 4.64 | 6.35 |