EX-12 3 h35607exv12.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12 CENTERPOINT ENERGY, INC. AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (MILLIONS OF DOLLARS)
THREE MONTHS ENDED MARCH 31, -------------------------- 2005 2006 ------------ ------------ Income from continuing operations...................................... $ 67 $ 88 Income taxes for continuing operations................................. 63 72 Capitalized interest................................................... (1) (1) ------------ ------------ 129 159 ------------ ------------ Fixed charges, as defined: Interest............................................................ 183 148 Capitalized interest................................................ 1 1 Interest component of rentals charged to operating income........... 3 4 ------------ ------------ Total fixed charges................................................. 187 153 ------------ ------------ Earnings, as defined................................................... $ 316 $ 312 ============ ============ Ratio of earnings to fixed charges..................................... 1.69 2.04 ============ ============