EX-12 2 h45958exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

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,  
    2006     2007  
 
                
Net Income
   $ 43     $ 41  
Income taxes
     21       21  
Capitalized interest
     (1 )     (2 )
 
            
 
     63       60  
 
            
 
                
Fixed charges, as defined:
                
 
                
Interest
     61       59  
Capitalized interest
     1       2  
Interest component of rentals charged to operating income
     —       —  
 
            
Total fixed charges
     62       61  
 
            
 
                
Earnings, as defined
   $ 125     $ 121  
 
            
 
                
Ratio of earnings to fixed charges
     2.02       1.97