EX-12 2 cnp_exhibit12x3312016.htm EXHIBIT 12 Exhibit


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
Three Months Ended March 31,
 
2016
 
2015
 
(in millions)
Net income
$
154

 
$
131

Equity in earnings of unconsolidated affiliates, net of distributions
14

 
20

Income tax expense
86

 
78

Capitalized interest
(2
)
 
(3
)
 
252

 
226

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
111

 
117

Capitalized interest
2

 
3

Interest component of rentals charged to operating expense
1

 
1

Total fixed charges
114

 
121

 
 
 
 
Earnings, as defined
$
366

 
$
347

 
 
 
 
Ratio of earnings to fixed charges
3.21

 
2.87