CENTERPOINT ENERGY RESOURCES CORP - FORM 10-Q - EX-12 - EXHIBIT 12 - November 4, 2016

Attached files

file filename
10-Q - 10-Q - CENTERPOINT ENERGY RESOURCES CORPcercq3201610-q.htm
EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit322_9302016.htm
EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit321_9302016.htm
EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit312_9302016.htm
EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit311_9302016.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

 
Nine Months Ended September 30,
 
2016
 
2015
 
(in millions, except ratios)
Net income (loss)
$
169

 
$
(377
)
Equity in earnings of unconsolidated affiliates, net of distributions
59

 
917

Income tax expense (benefit)
113

 
(217
)
Capitalized interest
(1
)
 
(1
)
 
340

 
322

 
 

 
 

Fixed charges, as defined:
 

 
 

 
 

 
 

Interest
93

 
103

Capitalized interest
1

 
1

Interest component of rentals charged to operating expense
3

 
2

Total fixed charges
97

 
106

 
 

 
 

Earnings, as defined
$
437

 
$
428

 
 

 
 

Ratio of earnings to fixed charges
4.51

 
4.04



 


 


 




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