EX-12 2 ex12.htm COMPUTATION OF RATIOS 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)
 

   
Nine Months Ended
September 30,
  
   
2007
    
2008
  
             
Net Income
   $ 189     $ 253  
Income taxes
     114       153  
Capitalized interest
     (11 )     (5 )
      292       401  
                 
Fixed charges, as defined:
                
                 
Interest                                                                               
     135       148  
Capitalized interest                                                                               
     11       5  
Interest component of rentals charged to operating expense
     10       10  
Total fixed charges                                                                               
     156       163  
                 
Earnings, as defined
    $ 448      $ 564  
                 
Ratio of earnings to fixed charges
     2.87       3.47