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CCRA, Charter, Conservation, disposed, disposing, eligible, float, low, permanent, publicly, remitted, repaid, sustained, Tracker, unopposed, Verizon
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Exhibit 12
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
Six Months Ended June 30, | |||||||
2015 (1) | 2014 (1) | ||||||
Net income | $ | 208 | $ | 292 | |||
Equity in earnings of unconsolidated affiliates, net of distributions | 50 | 2 | |||||
Income taxes | 115 | 171 | |||||
Capitalized interest | (5 | ) | (6 | ) | |||
368 | 459 | ||||||
Fixed charges, as defined: | |||||||
Interest | 233 | 233 | |||||
Capitalized interest | 5 | 6 | |||||
Interest component of rentals charged to operating expense | 2 | 2 | |||||
Total fixed charges | 240 | 241 | |||||
Earnings, as defined | $ | 608 | $ | 700 | |||
Ratio of earnings to fixed charges | 2.53 | 2.90 |
_______________
(1) | Excluded from the computation of fixed charges for the six months ended June 30, 2015 and 2014 is interest expense of $-0- and $3 million, respectively, which is included in income tax expense. |