EX-12 2 h35781exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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, ------------------ 2005 2006 ------- -------- Net Income .................................................... $ 96 $ 97 Income taxes .................................................. 65 66 Capitalized interest .......................................... -- (1) ---- ----- 161 162 ---- ----- Fixed charges, as defined: Interest ................................................... 45 40 Capitalized interest ....................................... -- 1 Interest component of rentals charged to operating income .. 3 3 ---- ----- Total fixed charges ........................................ 48 44 ---- ----- Earnings, as defined .......................................... $209 $ 206 ==== ===== Ratio of earnings to fixed charges ............................ 4.31 4.69 ==== =====