EX-12 4 cnp_exhibit12x9302013.htm EXHIBIT CNP_Exhibit 12_9.30.2013


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)

 
Nine Months Ended September 30,
 
2012 (1)
 
2013 (1)
Net income
$
283

 
$
198

Equity in earnings of unconsolidated affiliates, net of distributions
(6
)
 
(65
)
Income taxes
264

 
408

Capitalized interest
(6
)
 
(8
)
 
535

 
533

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
430

 
370

Capitalized interest
6

 
8

Interest component of rentals charged to operating expense
7

 
5

Total fixed charges
443

 
383

 
 
 
 
Earnings, as defined
$
978

 
$
916

 
 
 
 
Ratio of earnings to fixed charges
2.21

 
2.39

_______________
(1)
Excluded from the computation of fixed charges for the nine months ended September 30, 2012 and 2013 is interest income of $11 million and $6 million, respectively. which is included in income tax expense.