EX-12 4 cnp_exhibit12x9302016.htm EXHIBIT 12 Exhibit


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
Nine Months Ended September 30,
 
2016
 
2015
 
(in millions, except ratios)
Net income (loss)
$
331

 
$
(183
)
Equity in losses (earnings) of unconsolidated affiliates, net of distributions
59

 
917

Income tax expense (benefit)
193

 
(129
)
Capitalized interest
(5
)
 
(7
)
 
578

 
598

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
326

 
346

Capitalized interest
5

 
7

Interest component of rentals charged to operating expense
3

 
3

Total fixed charges
334

 
356

 
 
 
 
Earnings, as defined
$
912

 
$
954

 
 
 
 
Ratio of earnings to fixed charges
2.73

 
2.68