EX-12 4 cercexhibit12_9302013.htm EXHIBIT CERC Exhibit 12_9.30.2013


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)

 
Nine Months Ended September 30,
 
2012 (1)
 
2013 (1)
 
 
 
 
Net Income (Loss)
$
33

 
$
(2
)
Equity in earnings of unconsolidated affiliates, net of distributions
(6
)
 
(65
)
Income taxes
178

 
313

Capitalized interest
(2
)
 
(1
)
 
203

 
245

 
 

 
 

Fixed charges, as defined:
 

 
 

 
 

 
 

Interest
133

 
118

Capitalized interest
2

 
1

Interest component of rentals charged to operating expense
6

 
5

Total fixed charges
141

 
124

 
 

 
 

Earnings, as defined
$
344

 
$
369

 
 

 
 

Ratio of earnings to fixed charges
2.44

 
2.98

         ___________
(1)
Excluded from the computation of fixed charges for both the nine months ended September 30, 2012 and 2013 is interest income of $3 million, which is included in income tax expense.