Centerpoint Energy Houston Electric 10-K2008 FY Annual report

Filed: 11 Mar 09, 12:00am

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Removed: alleged, artificially, assistance, basic, bore, breached, building, collection, conversion, convertible, copy, Corrupt, created, cumulative, decreased, Diego, disallowance, discontinued, disgorgement, duly, Eleventh, embedded, expand, explanatory, false, fiduciary, Fifteenth, Fiftieth, Fifty, Fourteenth, fourth, fraud, guidance, half, height, imprudent, inflated, Influenced, injunctive, instrument, judge, lawsuit, lesser, listed, loan, milder, minimum, motion, municipally, offer, oral, page, paragraph, permitting, prejudice, price, procedural, processing, punitive, putative, Racketeer, realizable, recommended, refused, relation, rental, represent, reserve, restitution, retain, Rita, San, schedule, Seventeenth, Sixteenth, Sixtieth, space, sponsored, suit, summary, supplemental, sustain, thereon, thereunto, Thirteenth, Twelfth, twelve, unbundling, uncollectible, undersigned, unfair, unlawful, unqualified, validating, written

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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

(Millions of Dollars)

	Year Ended December 31,
	2004			2005			2006			2007 (1)			2008 (1)

Income from continuing operations	$	282		$	223		$	271		$	273		$	222
Income taxes for continuing operations		137			108			132			126			121
Capitalized interest		(2	)		(3	)		(4	)		(10	)		(7	)
		417			328			399			389			336

Fixed charges, as defined:

Interest		345			328			240			230			245
Capitalized interest		2			3			4			10			7
Interest component of rentals charged to operating expense		1			1			2			1			2
Total fixed charges		348			332			246			241			254

Earnings, as defined	$	765		$	660		$	645		$	630		$	590

Ratio of earnings to fixed charges		2.20			1.99			2.62			2.61			2.33

________

(1)

Excluded from the computation of fixed charges for the years ended December 31, 2007 and 2008 is interest expense of $4 million and $7 million, respectively, which is included in income tax expense.