Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | Financial_Report.xls |
| 10-K - 10-K - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_10kx12312014.htm |
| EX-23 - EXHIBIT 23 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit23x12312014.htm |
| EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit321x12312014.htm |
| EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit311x12312014.htm |
| EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit312x12312014.htm |
| EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit322x12312014.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)
Year Ended December 31, | |||||||||||||||||||
2014 (1) | 2013 (1) | 2012 (1) | 2011 (1) | 2010 (1) | |||||||||||||||
Income before extraordinary item | $ | 252 | $ | 269 | $ | 279 | $ | 488 | $ | 200 | |||||||||
Income taxes | 131 | 146 | 113 | 248 | 116 | ||||||||||||||
Capitalized interest | (10 | ) | (10 | ) | (6 | ) | (4 | ) | (3 | ) | |||||||||
373 | 405 | 386 | 732 | 313 | |||||||||||||||
Fixed charges, as defined: | |||||||||||||||||||
Interest | 227 | 232 | 288 | 277 | 289 | ||||||||||||||
Capitalized interest | 10 | 10 | 6 | 4 | 3 | ||||||||||||||
Interest component of rentals charged to operating expense | — | — | — | — | — | ||||||||||||||
Total fixed charges | 237 | 242 | 294 | 281 | 292 | ||||||||||||||
Earnings, as defined | $ | 610 | $ | 647 | $ | 680 | $ | 1,013 | $ | 605 | |||||||||
Ratio of earnings to fixed charges | 2.57 | 2.67 | 2.31 | 3.60 | 2.07 | ||||||||||||||
____________
(1) | Excluded from the computation of fixed charges for the years ended December 31, 2014, 2013, 2012, 2011, and 2010 is interest expense of $-0-, interest income of less than $1 million, interest income of $8 million, interest income of $12 million and interest expense of $8 million, respectively, which is included in income tax expense. |