Centerpoint Energy Resources 10-Q 2015 Q1 Quarterly report

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)

	Three Months Ended March 31,
	2015 (1)		2014 (1)
Net income	$	109	$	152
Equity in earnings of unconsolidated affiliates, net of distributions	20		(22		)
Income taxes	71		94
	200		224
Fixed charges, as defined:
Interest	34		35
Interest component of rentals charged to operating expense	1		1
Total fixed charges	35		36
Earnings, as defined	$	235	$	260
Ratio of earnings to fixed charges	6.71		7.22

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(1) Excluded from the computation of fixed charges for the three months ended March 31, 2015 and 2014 is interest expense of $-0- and $9 million, respectively, which is included in income tax expense.