EX-12 2 cehe_exhibit12x09302015.htm EXHIBIT 12 Exhibit


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)

 
Nine Months Ended
September 30,
 
2015 (1)
 
2014 (1)
Net income
$
224

 
$
211

Income taxes
127

 
113

Capitalized interest
(6
)
 
(8
)
 
345

 
316

Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
168

 
170

Capitalized interest
6

 
8

Interest component of rentals charged to operating expense

 

Total fixed charges
174

 
178

 
 
 
 
Earnings, as defined
$
519

 
$
494

 
 
 
 
Ratio of earnings to fixed charges
2.98

 
2.78

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