EX-12 2 h43785exv12.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of dollars)
                                         
    Year Ended December 31,  
    2002     2003     2004     2005     2006  
Income from continuing operations
   $ 547     $ 432     $ 282     $ 223     $ 271  
Income taxes for continuing operations
     286       230       137       108       132  
Capitalized interest
     (3 )     (3 )     (2 )     (3 )     (4 )
 
                              
 
     830       659       417       328       399  
 
                              
Fixed charges, as defined:
                                        
Interest
     285       361       345       328       240  
Capitalized interest
     3       3       2       3       4  
Interest component of rentals charged to operating expense
     2       2       1       1       2  
 
                              
Total fixed charges
     290       366       348       332       246  
 
                              
Earnings, as defined
   $ 1,120     $ 1,025     $ 765     $ 660     $ 645  
 
                              
Ratio of earnings to fixed charges
     3.86       2.80       2.20       1.99       2.62