EX-12 2 h56126exv12.htm COMPUTATION OF RATIOS 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,  
    2007     2008  
Net Income
   $ 41     $ 26  
Income taxes
     21       18  
Capitalized interest
     (2 )     (2 )
 
            
 
     60       42  
 
            
 
                
Fixed charges, as defined:
                
 
                
Interest
     59       60  
Capitalized interest
     2       2  
Interest component of rentals charged to operating income
     —       —  
 
            
Total fixed charges
     61       62  
 
            
 
                
Earnings, as defined
   $ 121     $ 104  
 
            
 
                
Ratio of earnings to fixed charges
     1.97       1.69