EX-12.3 4 cercexhibit123_6302018.htm EXHIBIT 12.3 Exhibit


Exhibit 12.3

 
CENTERPOINT ENERGY RESOURCES CORP. AND SUBSIDIARIES
(An Indirect, Wholly-Owned Subsidiary of CenterPoint Energy, Inc.)

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
Six Months Ended June 30,
 
2018
 
2017
 
(in millions, except ratios)
Net income
$
166

 
$
201

Equity in earnings of unconsolidated affiliates, net of distributions
21

 
18

Income tax expense
47

 
119

Capitalized interest
(1
)
 
(1
)
 
233

 
337

 
 

 
 

Fixed charges, as defined:
 

 
 

 
 

 
 

Interest
62

 
60

Capitalized interest
1

 
1

Interest component of rentals charged to operating expense
1

 
2

Total fixed charges
64

 
63

 
 

 
 

Earnings, as defined
$
297

 
$
400

 
 

 
 

Ratio of earnings to fixed charges
4.64

 
6.35