Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | ceheq3201510-q.htm |
| EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit322x09302015.htm |
| EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit311x09302015.htm |
| EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit321x09302015.htm |
| EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit312x09302015.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)
Nine Months Ended September 30, | |||||||
2015 (1) | 2014 (1) | ||||||
Net income | $ | 224 | $ | 211 | |||
Income taxes | 127 | 113 | |||||
Capitalized interest | (6 | ) | (8 | ) | |||
345 | 316 | ||||||
Fixed charges, as defined: | |||||||
Interest | 168 | 170 | |||||
Capitalized interest | 6 | 8 | |||||
Interest component of rentals charged to operating expense | — | — | |||||
Total fixed charges | 174 | 178 | |||||
Earnings, as defined | $ | 519 | $ | 494 | |||
Ratio of earnings to fixed charges | 2.98 | 2.78 | |||||
____________
(1) | Excluded from the computation of fixed charges for the nine months ended September 30, 2015 and 2014 is interest expense of $-0- and $6 million, respectively, which is included in income tax expense. |