EX-12 2 h45959exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

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,        
    2006     2007  
Net Income
   $ 97     $ 131  
Income taxes
     66       83  
Capitalized interest
     (1 )     (7 )
 
            
 
     162       207  
 
            
 
                
Fixed charges, as defined:
                
 
                
Interest
     40       39  
Capitalized interest
     1       7  
Interest component of rentals charged to operating income
     3       4  
 
            
Total fixed charges
     44       50  
 
            
 
                
Earnings, as defined
   $ 206     $ 257  
 
            
 
                
Ratio of earnings to fixed charges
     4.69       5.19