EX-12 2 cnp_exhibit12x9302015.htm EXHIBIT 12 Exhibit


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

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

 
Nine Months Ended September 30,
 
2015 (1)
 
2014 (1)
Net income (loss)
$
(183
)
 
$
435

Equity in (earnings) losses of unconsolidated affiliates, net of distributions
917

 
(6
)
Income tax expense (benefit)
(129
)
 
241

Capitalized interest
(7
)
 
(8
)
 
598

 
662

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
346

 
351

Capitalized interest
7

 
8

Interest component of rentals charged to operating expense
3

 
3

Total fixed charges
356

 
362

 
 
 
 
Earnings, as defined
$
954

 
$
1,024

 
 
 
 
Ratio of earnings to fixed charges
2.68

 
2.83

_______________
(1)
Excluded from the computation of fixed charges for the nine months ended September 30, 2015 and 2014 is interest expense of $-0- and $3 million, respectively, which is included in income tax expense.