Attached files
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,
|
||||||||||||||||||||
|
2005
|
2006
|
2007 (1)
|
2008 (1)
|
2009 (1)
|
||||||||||||||||
|
Net Income
|
$ | 223 | $ | 271 | $ | 273 | $ | 222 | $ | 208 | ||||||||||
|
Income
taxes
|
108 | 132 | 126 | 121 | 102 | |||||||||||||||
|
Capitalized
interest
|
(3 | ) | (4 | ) | (10 | ) | (7 | ) | (3 | ) | ||||||||||
| 328 | 399 | 389 | 336 | 307 | ||||||||||||||||
|
Fixed
charges, as defined:
|
||||||||||||||||||||
|
Interest
|
328 | 240 | 230 | 245 | 289 | |||||||||||||||
|
Capitalized
interest
|
3 | 4 | 10 | 7 | 3 | |||||||||||||||
|
Interest component of rentals
charged to
operating expense
|
1 | 2 | 1 | 2 |
─
|
|||||||||||||||
|
Total fixed
charges
|
332 | 246 | 241 | 254 | 292 | |||||||||||||||
|
Earnings,
as defined
|
$ | 660 | $ | 645 | $ | 630 | $ | 590 | $ | 599 | ||||||||||
|
Ratio
of earnings to fixed charges
|
1.99 | 2.62 | 2.61 | 2.32 | 2.05 | |||||||||||||||
________
|
|
(1)
|
Excluded
from the computation of fixed charges for the years ended December 31,
2007, 2008 and 2009 is interest expense of $4 million, $7 million and
$1 million, respectively, which is included in income tax
expense.
|