EX-12 2 ex12.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES ex12.htm
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)
 
   
Nine Months Ended September 30,
  
   
2010 (1)
    
2011 (1)
  
             
Income Before Extraordinary Item
   $ 182     $ 470  
Income taxes
     104       233  
Capitalized interest
     (1 )     (3 )
      285       700  
                 
Fixed charges, as defined:
                
                 
Interest
     219       209  
Capitalized interest
     1       3  
Total fixed charges
     220       212  
                 
Earnings, as defined
   $ 505     $ 912  
                 
Ratio of earnings to fixed charges
     2.30       4.30  
        
 
(1)
Excluded from the computation of fixed charges for the nine months ended September 30, 2010 and 2011 is interest expense of $6 million and interest income of $13 million, respectively, which is included in income tax expense.