EX-12 2 cnp_exhibit12x9302011.htm EXHIBIT 12 CNP_Exhibit 12_9.30.2011


Exhibit 12


CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)

 
Nine Months Ended September 30,
 
2010 (1)
 
2011 (1)
Income before extraordinary item
$
318

 
$
653

Equity in earnings of unconsolidated affiliates, net of distributions
4

 
3

Income taxes
223

 
362

Capitalized interest
(5
)
 
(5
)
 
540

 
1,013

 
 
 
 
Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
470

 
437

Capitalized interest
5

 
5

Interest component of rentals charged to operating expense
20

 
11

Total fixed charges
495

 
453

 
 
 
 
Earnings, as defined
$
1,035

 
$
1,466

 
 
 
 
Ratio of earnings to fixed charges
2.09

 
3.24

_______________
(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 $12 million, respectively. which is included in income tax expense.