EX-12 2 ex12.htm RATIO OF EARNINGS TO FIXED CHARGES ex12.htm
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)

   
Six Months Ended
June 30,
  
   
2007
    
2008
  
             
Net Income
   $ 161     $ 186  
Income taxes
     95       116  
Capitalized interest
     (10 )     (3 )
      246       299  
                 
Fixed charges, as defined:
                
                 
Interest                                                                                   
     84       97  
Capitalized interest                                                                                   
     10       3  
Interest component of rentals charged to operating income
     7       6  
Total fixed charges                                                                                   
     101       106  
                 
Earnings, as defined
   $ 347     $ 405  
                 
Ratio of earnings to fixed charges
     3.44       3.82