Centerpoint Energy Resources 10-Q 2015 Q2 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)

	Six Months Ended June 30,
	2015 (1)		2014 (1)
Net income	$	131	$	200
Equity in earnings of unconsolidated affiliates, net of distributions	50		2
Income taxes	83		124
	264		326
Fixed charges, as defined:
Interest	69		69
Interest component of rentals charged to operating expense	2		2
Total fixed charges	71		71
Earnings, as defined	$	335	$	397
Ratio of earnings to fixed charges	4.72		5.59

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(1) Excluded from the computation of fixed charges for the six months ended June 30, 2015 and 2014 is interest expense of $-0- and $9 million, respectively, which is included in income tax expense.