EX-12 3 h45957exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
CENTERPOINT ENERGY, INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
                 
    Three Months Ended  
    March 31,  
    2006     2007  
Net Income
   $ 88     $ 130  
Income taxes
     72       72  
Capitalized interest
     (1 )     (9 )
 
            
 
     159       193  
 
            
 
                
Fixed charges, as defined:
                
 
                
Interest
     148       154  
Capitalized interest
     1       9  
Interest component of rentals charged to operating income
     4       4  
 
            
Total fixed charges
     153       167  
 
            
 
                
Earnings, as defined
   $ 312     $ 360  
 
            
 
                
Ratio of earnings to fixed charges
     2.04       2.16