EX-12 3 h48793exv12.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)
                 
    Six Months Ended  
    June 30,  
    2006     2007  
Net Income
   $ 114     $ 118  
Income taxes
     57       60  
Capitalized interest
     (2 )     (5 )
 
            
 
     169       173  
 
            
 
                
Fixed charges, as defined:
                
 
Interest
     122       117  
Capitalized interest
     2       5  
Interest component of rentals charged to operating income
     1       1  
 
            
Total fixed charges
     125       123  
 
            
 
                
Earnings, as defined
   $ 294     $ 296  
 
            
 
                
Ratio of earnings to fixed charges
     2.36       2.41