EX-12 10 cnp_exhibit12x12312015.htm EXHIBIT 12 Exhibit


Exhibit 12

 
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
 
     2015 (1)
 
      2014 (1)
 
     2013 (1)
 
     2012 (1)
 
     2011 (1)
 
(In millions)
Income (loss) before extraordinary item
$
(692
)
 
$
611

 
$
311

 
$
417

 
$
770

Equity in (earnings) losses of unconsolidated affiliates, net of distributions
1,927

 
(2
)
 
(58
)
 
8

 
8

Income tax expense (benefit)
(438
)
 
274

 
470

 
341

 
404

Capitalized interest
(10
)
 
(11
)
 
(11
)
 
(9
)
 
(4
)
 
787

 
872

 
712

 
757

 
1,178

 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest
457

 
471

 
484

 
569

 
583

Capitalized interest
10

 
11

 
11

 
9

 
4

Interest component of rentals charged to operating expense
3

 
4

 
7

 
9

 
14

Total fixed charges
470

 
486

 
502

 
587

 
601

 
 
 
 
 
 
 
 
 
 
Earnings, as defined
$
1,257

 
$
1,358

 
$
1,214

 
$
1,344

 
$
1,779

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
2.67

 
2.79

 
2.42

 
2.29

 
2.96


(1)
Excluded from the computation of fixed charges for the years ended December 31, 2015, 2014, 2013, 2012, and 2011 is interest expense of $-0-, interest expense of $3 million, interest income of $6 million, interest income of $11 million and interest income of $12 million respectively, which is included in income tax expense.