EX-12 4 h50854exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
CENTERPOINT ENERGY, INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
                 
    Nine Months Ended  
    September 30,  
    2006     2007  
Net Income
   $ 365     $ 291  
Income taxes
     25       154  
Interest included in income taxes
     —       (5 )
Capitalized interest
     (5 )     (18 )
 
            
 
     385       422  
 
            
 
                
Fixed charges, as defined:
                
 
                
Interest
     451       461  
Interest included in income taxes
     —       5  
Capitalized interest
     5       18  
Interest component of rentals charged to operating income
     13       12  
 
            
Total fixed charges
     469       496  
 
            
 
                
Earnings, as defined
   $ 854     $ 918  
 
            
 
                
Ratio of earnings to fixed charges
     1.82       1.85