CENTERPOINT ENERGY RESOURCES CORP - FORM 10-Q - EX-12 - EXHIBIT 12 - November 5, 2015

Attached files

file filename
EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit311_9302015.htm
EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit322_9302015.htm
EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit312_9302015.htm
EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit321_9302015.htm
10-Q - 10-Q - CENTERPOINT ENERGY RESOURCES CORPcercq3201510-q.htm


Exhibit 12

 
CENTERPOINT ENERGY RESOURCES CORP. 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,
 
2015 (1)
 
2014 (1)
 
 
 
 
Net income (loss)
$
(377
)
 
$
228

Equity in earnings (losses) of unconsolidated affiliates, net of distributions
917

 
(6
)
Income tax expense (benefit)
(217
)
 
139

Capitalized interest
(1
)
 
—

 
322

 
361

 
 

 
 

Fixed charges, as defined:
 

 
 

 
 

 
 

Interest
103

 
105

Capitalized interest
1

 
—

Interest component of rentals charged to operating expense
2

 
2

Total fixed charges
106

 
107

 
 

 
 

Earnings, as defined
$
428

 
$
468

 
 

 
 

Ratio of earnings to fixed charges
4.04

 
4.37

         ___________
(1)
Excluded from the computation of fixed charges for the nine months ended September 30, 2015 and 2014 is interest income of $-0- and $12 million, respectively, which is included in income tax expense.

 


 


 




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