EX-12 4 cnp_exhibit12x6302016.htm EXHIBIT 12 Exhibit


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
Six Months Ended June 30,
 
2016
 
2015
 
(in millions, except ratios)
Net income
$
152

 
$
208

Equity in earnings of unconsolidated affiliates, net of distributions
58

 
50

Income tax expense
96

 
115

Capitalized interest
(3
)
 
(5
)
 
303

 
368

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
220

 
233

Capitalized interest
3

 
5

Interest component of rentals charged to operating expense
2

 
2

Total fixed charges
225

 
240

 
 
 
 
Earnings, as defined
$
528

 
$
608

 
 
 
 
Ratio of earnings to fixed charges
2.35

 
2.53