EX-12 2 cnp_exhibit12x3312015.htm EXHIBIT 12 CNP_Exhibit 12_3.31.2015


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

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

 
Three Months Ended March 31,
 
2015 (1)
 
2014 (1)
Net income
$
131

 
$
185

Equity in earnings of unconsolidated affiliates, net of distributions
20

 
(22
)
Income taxes
78

 
109

Capitalized interest
(3
)
 
(3
)
 
226

 
269

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
117

 
114

Capitalized interest
3

 
3

Interest component of rentals charged to operating expense
1

 
1

Total fixed charges
121

 
118

 
 
 
 
Earnings, as defined
$
347

 
$
387

 
 
 
 
Ratio of earnings to fixed charges
2.87

 
3.28

_______________
(1)
Excluded from the computation of fixed charges for the three months ended March 31, 2015 and 2014 is interest expense of $-0- and $3 million, respectively, which is included in income tax expense.