EX-12 2 cehe_exhibit12x06302015.htm EXHIBIT 12 CEHE_Exhibit 12_06.30.2015


Exhibit 12

CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
(AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)

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

 
Six Months Ended
June 30,
 
2015 (1)
 
2014 (1)
Net income
$
100

 
$
92

Income taxes
56

 
53

Capitalized interest
(5
)
 
(6
)
 
151

 
139

Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
113

 
113

Capitalized interest
5

 
6

Interest component of rentals charged to operating expense

 

Total fixed charges
118

 
119

 
 
 
 
Earnings, as defined
$
269

 
$
258

 
 
 
 
Ratio of earnings to fixed charges
2.28

 
2.17

  ____________
(1)
Excluded from the computation of fixed charges for the six months ended June 30, 2015 and 2014 is interest expense of $-0- and $6 million, respectively, which is included in income tax expense.