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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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New words:
Competitive, deferral, expenditure, extend, fourth, LLC, Luminant, overhead, referenced, refund, reserve, Stipulation, subfacility, surcharge, swingline, TCEH, thereof, thereunder, TXU, Vistra
Removed:
matter, milder, plant, September
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Exhibit 12
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
(AN INDIRECT, WHOLLY-OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, | |||||||
2017 | 2016 | ||||||
(in millions, except ratios) | |||||||
Net income | $ | 93 | $ | 88 | |||
Income taxes | 52 | 49 | |||||
Capitalized interest | (3 | ) | (3 | ) | |||
142 | 134 | ||||||
Fixed charges, as defined: | |||||||
Interest | 105 | 109 | |||||
Capitalized interest | 3 | 3 | |||||
Interest component of rentals charged to operating expense | — | — | |||||
Total fixed charges | 108 | 112 | |||||
Earnings, as defined | $ | 250 | $ | 246 | |||
Ratio of earnings to fixed charges | 2.31 | 2.20 |