EX-12.1 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)

   
    Six Months Ended June 30,
  
   
    2008
    
     2009
  
             
Net Income
   $ 186     $ 129  
Income taxes
     116       81  
Capitalized interest
     (3 )     —  
      299       210  
                 
Fixed charges, as defined:
                
                 
Interest                                                                                   
     97       115  
Capitalized interest                                                                                   
     3       —  
Interest component of rentals charged to operating income
     6       5  
Total fixed charges                                                                                   
     106       120  
                 
Earnings, as defined
   $ 405     $ 330  
                 
Ratio of earnings to fixed charges
     3.82       2.75