EX-12 2 h51163exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

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)
                 
    Nine Months Ended  
    September 30,  
    2006     2007  
Net Income
   $ 233     $ 223  
Income taxes
     114       111  
Interest included in income taxes
     —       (3 )
Capitalized interest
     (3 )     (8 )
 
            
 
     344       323  
 
            
 
                
Fixed charges, as defined:
                
 
                
Interest
     181       174  
Interest included in income taxes
     —       3  
Capitalized interest
     3       8  
Interest component of rentals charged to operating income
     1       1  
 
            
Total fixed charges
     185       186  
 
            
 
                
Earnings, as defined
   $ 529     $ 509  
 
            
 
                
Ratio of earnings to fixed charges
     2.85       2.74