CENTERPOINT ENERGY HOUSTON ELECTRIC LLC - FORM 10-Q - EX-12 - EXHIBIT - May 8, 2014

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCFinancial_Report.xls
EX-31.1 - EXHIBIT - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit311x03312014.htm
EX-32.2 - EXHIBIT - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit322x03312014.htm
EX-31.2 - EXHIBIT - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit312x03312014.htm
EX-32.1 - EXHIBIT - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit321x03312014.htm
10-Q - 10-Q - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCceheq1201410-q.htm


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)

 
Three Months Ended
March 31,
 
2014 (1)
 
2013 (1)
Net income
$
35

 
$
19

Income taxes
20

 
9

Capitalized interest
(3
)
 
(2
)
 
52

 
26

Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
54

 
65

Capitalized interest
3

 
2

Interest component of rentals charged to operating expense
—

 
—

Total fixed charges
57

 
67

 
 
 
 
Earnings, as defined
$
109

 
$
93

 
 
 
 
Ratio of earnings to fixed charges
1.91

 
1.39

  ____________
(1)
Excluded from the computation of fixed charges for the three months ended March 31, 2014 and 2013 is interest expense of $6 million and interest income of less than $1 million, respectively, which is included in income tax expense.


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