EX-12.1 3 h10376exv12w1.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (THOUSANDS OF DOLLARS)
NINE MONTHS ENDED SEPTEMBER 30, ------------- 2002 2003 ---- ---- Income from continuing operations ......... $ 498,339 $ 373,530 Income taxes for continuing operations .... 258,994 202,089 Capitalized interest ...................... (3,206) (2,277) --------- --------- 754,127 573,342 --------- --------- Fixed charges, as defined: Interest ............................... 185,358 272,941 Capitalized interest ................... 3,206 2,277 Interest component of rentals charged to operating expense .................... 1,644 1,327 --------- --------- Total fixed charges .................... 190,208 276,545 --------- --------- Earnings, as defined ...................... $ 944,335 $ 849,887 ========= ========= Ratio of earnings to fixed charges ........ 4.96 3.07 ========= =========
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