EX-12 2 cehe_exhibit12x3312016.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)

 
Three Months Ended March 31,
 
2016
 
2015
Net income
$
17

 
$
31

Income taxes
10

 
17

Capitalized interest
(2
)
 
(2
)
 
25

 
46

Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
55

 
57

Capitalized interest
2

 
2

Interest component of rentals charged to operating expense
—

 
—

Total fixed charges
57

 
59

 
 
 
 
Earnings, as defined
$
82

 
$
105

 
 
 
 
Ratio of earnings to fixed charges
1.44

 
1.78