EX-12.1 12 h10111exv12w1.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 CENTERPOINT ENERGY, INC. AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (THOUSANDS OF DOLLARS)
NINE MONTHS ENDED SEPTEMBER 30, -------------------------- 2002 2003 ----------- ----------- Income from continuing operations ............................. $ 392,899 $ 347,471 Income taxes for continuing operations ........................ 206,748 196,254 Capitalized interest .......................................... (9,326) (6,045) ----------- ----------- 590,321 537,680 ----------- ----------- Fixed charges, as defined: Interest and distribution on trust preferred securities .. 469,517 703,835 Capitalized interest ..................................... 9,326 6,045 Interest component of rentals charged to operating expense 10,602 10,307 ----------- ----------- Total fixed charges ...................................... 489,445 720,187 ----------- ----------- Earnings, as defined .......................................... $ 1,079,766 $ 1,257,867 =========== =========== Ratio of earnings to fixed charges ............................ 2.21 1.75 =========== ===========
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