EX-12 2 cnp_exhibit12x6302017.htm EXHIBIT 12 Exhibit


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
Six Months Ended June 30,
 
2017
 
2016
 
(in millions, except ratios)
Net income
$
327

 
$
152

Equity in earnings of unconsolidated affiliates, net of distributions
18

 
58

Income tax expense
183

 
96

Capitalized interest
(4
)
 
(3
)
 
524

 
303

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
195

 
220

Capitalized interest
4

 
3

Interest component of rentals charged to operating expense
2

 
2

Total fixed charges
201

 
225

 
 
 
 
Earnings, as defined
$
725

 
$
528

 
 
 
 
Ratio of earnings to fixed charges
3.61

 
2.35