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accompanying, affirmed, ahead, Category, complexity, defer, delivery, destruction, documentation, equipment, flooding, focused, frequently, Friday, Harvey, hurricane, rainfall, Scale, stable, storm, struck, suffered, torrential, traditional, uninsured, unprecedented, upgraded, Wind
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price, updated
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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
Nine Months Ended September 30, | |||||||
2017 | 2016 | ||||||
(in millions, except ratios) | |||||||
Net income | $ | 223 | $ | 224 | |||
Income taxes | 123 | 121 | |||||
Capitalized interest | (5 | ) | (5 | ) | |||
341 | 340 | ||||||
Fixed charges, as defined: | |||||||
Interest | 155 | 164 | |||||
Capitalized interest | 5 | 5 | |||||
Interest component of rentals charged to operating expense | — | — | |||||
Total fixed charges | 160 | 169 | |||||
Earnings, as defined | $ | 501 | $ | 509 | |||
Ratio of earnings to fixed charges | 3.13 | 3.01 |