CenterPoint Energy (CNP) 10-Q 2015 Q1 Quarterly report

Exhibit 12

CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(Millions of Dollars)

	Three Months Ended March 31,
	2015 (1)			2014 (1)
Net income	$	131		$	185
Equity in earnings of unconsolidated affiliates, net of distributions	20			(22		)
Income taxes	78			109
Capitalized interest	(3		)	(3		)
	226			269
Fixed charges, as defined:
Interest	117			114
Capitalized interest	3			3
Interest component of rentals charged to operating expense	1			1
Total fixed charges	121			118
Earnings, as defined	$	347		$	387
Ratio of earnings to fixed charges	2.87			3.28

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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 $3 million, respectively, which is included in income tax expense.