Attached files
| file | filename |
|---|---|
| EX-23.2 - EXHIBIT 23.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit232_12312015.htm |
| 10-K - 10-K - CENTERPOINT ENERGY RESOURCES CORP | cerc201510-k.htm |
| EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit321_12312015.htm |
| EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit322_12312015.htm |
| EX-23.1 - EXHIBIT 23.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit231_12312015.htm |
| EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit312_12312015.htm |
| EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit311_12312015.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
Year Ended December 31, | |||||||||||||||||||
2015 (1) | 2014 (1) | 2013 (1) | 2012 (1) | 2011 (1) | |||||||||||||||
(in millions) | |||||||||||||||||||
Net Income (loss) | $ | (912 | ) | $ | 323 | $ | 64 | $ | 137 | $ | 316 | ||||||||
Equity in (earnings) losses of unconsolidated affiliates, net of distributions | 1,927 | (2 | ) | (58 | ) | 8 | 8 | ||||||||||||
Income taxes expense (benefit) | (539 | ) | 188 | 371 | 246 | 187 | |||||||||||||
Capitalized interest | (2 | ) | (1 | ) | (1 | ) | (2 | ) | — | ||||||||||
474 | 508 | 376 | 389 | 511 | |||||||||||||||
Fixed charges, as defined: | |||||||||||||||||||
Interest | 137 | 141 | 154 | 179 | 190 | ||||||||||||||
Capitalized interest | 2 | 1 | 1 | 2 | — | ||||||||||||||
Interest component of rentals charged to operating expense | 3 | 3 | 6 | 9 | 14 | ||||||||||||||
Total fixed charges | 142 | 145 | 161 | 190 | 204 | ||||||||||||||
Earnings, as defined | $ | 616 | $ | 653 | $ | 537 | $ | 579 | $ | 715 | |||||||||
Ratio of earnings to fixed charges | 4.34 | 4.50 | 3.34 | 3.05 | 3.50 | ||||||||||||||
(1) | Excluded from the computation of fixed charges for the years ended December 31, 2015, 2014, 2013, 2012 and 2011 is interest income of $-0-, $-0-, $3 million, $3 million and $-0-, respectively, which is included in income tax expense. |