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Content analysis
?Filing tables
Filing exhibits
- 10-Q Quarterly report
- 12 Computation of Ratios of Earnings to Fixed Charges
- 31.1 Rule 13A-14(A)/15D-14(A) Certification of David M. Mcclanahan
- 31.2 Rule 13A-14(A)/15D-14(A) Certification of Gary L. Whitlock
- 32.1 Section 1350 Certification of David M. Mcclanahan
- 32.2 Section 1350 Certification of Gary L. Whitlock
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Exhibit 12
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
Nine Months Ended September 30, | ||||||||
2009 (1) | 2010 (1) | |||||||
Net Income | $ | 267 | $ | 318 | ||||
Equity in earnings of unconsolidated affiliates, net of distributions | (4 | ) | 4 | |||||
Income taxes | 129 | 223 | ||||||
Capitalized interest | (5 | ) | (5 | ) | ||||
387 | 540 | |||||||
Fixed charges, as defined: | ||||||||
Interest | 482 | 470 | ||||||
Capitalized interest | 5 | 5 | ||||||
Interest component of rentals charged to operating expense | 8 | 20 | ||||||
Total fixed charges | 495 | 495 | ||||||
Earnings, as defined | $ | 882 | $ | 1,035 | ||||
Ratio of earnings to fixed charges | 1.78 | 2.09 |
(1) | Excluded from the computation of fixed charges for the nine months ended September 30, 2009 and 2010 is interest income of $3 million and interest expense of $6 million, respectively, which is included in income tax expense. |