EX-12.RERC 18 h85068ex12-rerc.txt COMPUTATION OF RATIOS - RELIANT ENERGY RESOURCES 1 EXHIBIT 12 RELIANT ENERGY RESOURCES CORP. AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF RELIANT ENERGY, INCORPORATED) COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (THOUSANDS OF DOLLARS)
YEAR ENDED DECEMBER 31, ---------------------------------------------------- 2000 1999 1998 1997 1996 -------- -------- -------- -------- -------- Income from continuing operations ................ $ 98,228 $103,871 $ 93,824 $ 66,722 $ 95,138 Income taxes for continuing operations ........... 93,272 88,781 111,830 55,781 66,352 -------- -------- -------- -------- -------- 191,500 192,652 205,654 122,503 161,490 -------- -------- -------- -------- -------- Fixed charges, as defined: Interest expense .............................. 142,861 119,492 111,337 126,150 132,557 Distribution on trust preferred securities .... 29 357 632 6,596 5,842 Interest component of rentals charged to operating expense ........................... 10,934 10,975 8,485 7,988 10,083 -------- -------- -------- -------- -------- Total fixed charges ........................... 153,824 130,824 120,454 140,734 148,482 -------- -------- -------- -------- -------- Earnings, as defined ............................. $345,324 $323,476 $326,108 $263,237 $309,972 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges ............... 2.24 2.47 2.71 1.87 2.09 ======== ======== ======== ======== ========