CENTERPOINT ENERGY HOUSTON ELECTRIC LLC - FORM 10-Q - EX-12 - EXHIBIT 12 - May 12, 2015

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCFinancial_Report.xls
10-Q - 10-Q - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCceheq1201510-q.htm
EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit322x03312015.htm
EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit311x03312015.htm
EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit321x03312015.htm
EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLCcehe_exhibit312x03312015.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,
 
2015 (1)
 
2014 (1)
Net income
$
31

 
$
35

Income taxes
17

 
20

Capitalized interest
(2
)
 
(3
)
 
46

 
52

Fixed charges, as defined:
 

 
 

 
 
 
 
Interest
57

 
54

Capitalized interest
2

 
3

Interest component of rentals charged to operating expense
—

 
—

Total fixed charges
59

 
57

 
 
 
 
Earnings, as defined
$
105

 
$
109

 
 
 
 
Ratio of earnings to fixed charges
1.78

 
1.91

  ____________
(1)
Excluded from the computation of fixed charges for the three months ended March 31, 2015 and 2014 is interest expense of $-0- and $6 million, respectively, which is included in income tax expense.


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