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)
 
   
Three Months Ended March 31,
  
   
2010
    
2011
  
             
Net Income
   $ 106     $ 133  
Equity in earnings of unconsolidated affiliates, net of distributions
     5       (3 )
Income taxes
     96       85  
Capitalized interest
     (1 )     (1 )
      206       214  
                 
Fixed charges, as defined:
                
                 
Interest
     51       49  
Capitalized interest
     1       1  
Interest component of rentals charged to operating expense
     6       4  
Total fixed charges
     58       54  
                 
Earnings, as defined
   $ 264     $ 268  
                 
Ratio of earnings to fixed charges
     4.55       4.96