Attached files
| file | filename |
|---|---|
| EX-23 - EXHIBIT 23 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit23x12312017.htm |
| EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit322x12312017.htm |
| EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit321x12312017.htm |
| EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit312x12312017.htm |
| EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_exhibit311x12312017.htm |
| 10-K - 10-K - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC | cehe_10kx12312017.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
Year Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 (1) | |||||||||||||||
(in millions) | |||||||||||||||||||
Income before extraordinary item | $ | 433 | $ | 276 | $ | 261 | $ | 252 | $ | 269 | |||||||||
Income taxes | (9 | ) | 149 | 145 | 131 | 146 | |||||||||||||
Capitalized interest | (6 | ) | (6 | ) | (8 | ) | (10 | ) | (10 | ) | |||||||||
418 | 419 | 398 | 373 | 405 | |||||||||||||||
Fixed charges, as defined: | |||||||||||||||||||
Interest | 205 | 217 | 223 | 227 | 232 | ||||||||||||||
Capitalized interest | 6 | 6 | 8 | 10 | 10 | ||||||||||||||
Interest component of rentals charged to operating expense | — | — | — | — | — | ||||||||||||||
Total fixed charges | 211 | 223 | 231 | 237 | 242 | ||||||||||||||
Earnings, as defined | $ | 629 | $ | 642 | $ | 629 | $ | 610 | $ | 647 | |||||||||
Ratio of earnings to fixed charges | 2.98 | 2.88 | 2.72 | 2.57 | 2.67 | ||||||||||||||
(1) | Excluded from the computation of fixed charges for the year ended December 31, 2013 is interest income of less than $1 million, which is included in income tax expense. |
(2) | Net income for the year ended December 31, 2017 includes a reduction in income taxes of $158 million due to tax reform. See Note 9 for further discussion of the impacts of tax reform implementation. |