EX-12 2 cehe_exhibit12x12312012.htm EXHIBIT CEHE_Exhibit 12_12.31.2012


Exhibit 12

CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
(AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)

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

 
Year Ended December 31,
 
2008 (1)
 
2009 (1)
 
2010 (1)
 
2011 (1)
 
2012 (1)
Income before extraordinary item
$
222

 
$
208

 
$
200

 
$
488

 
$
279

Income taxes
121

 
102

 
116

 
248

 
113

Capitalized interest
(7
)
 
(3
)
 
(3
)
 
(4
)
 
(6
)
 
336

 
307

 
313

 
732

 
386

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
Interest
245

 
289

 
289

 
277

 
288

Capitalized interest
7

 
3

 
3

 
4

 
6

Interest component of rentals charged to operating expense
2

 
─

 
─

 
─

 
─

Total fixed charges
254

 
292

 
292

 
281

 
294

 
 
 
 
 
 
 
 
 
 
Earnings, as defined
$
590

 
$
599

 
$
605

 
$
1,013

 
$
680

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
2.32

 
2.05

 
2.07

 
3.60

 
2.31

  ____________
(1)
Excluded from the computation of fixed charges for the years ended December 31, 2008, 2009 and 2010 is interest expense of $7 million, $1 million and $8 million, respectively, and interest income for the years ended December 31, 2011 and 2012 of $12 million and $8 million, respectively, which is included in income tax expense.