EX-12 3 h38172exv12.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12 CENTERPOINT ENERGY, INCORPORATED AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (MILLIONS OF DOLLARS)
SIX MONTHS ENDED JUNE 30, ------------------------ 2005 2006 --------- --------- Income from continuing operations.............................. $ 94 $ 282 Income taxes for continuing operations......................... 81 (44) Capitalized interest........................................... (2) (3) --------- --------- 173 235 --------- --------- Fixed charges, as defined: Interest.................................................... 371 299 Capitalized interest........................................ 2 3 Interest component of rentals charged to operating income... 7 8 --------- --------- Total fixed charges......................................... 380 310 --------- --------- Earnings, as defined........................................... $ 553 $ 545 ========= ========= Ratio of earnings to fixed charges............................. 1.46 1.76 ========= =========