CenterPoint Energy 2009 Annual Report Download - page 147
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Exhibit 12
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
2005 2006 2007 (1) 2008 (1) 2009 (1)
Income from continuing operations ................
.
$ 220 $ 427 $ 395 $ 446 $ 372
Equity in earnings of unconsolidated
affiliates ....................................................
.
(6) (6) (16) (51) (15)
Income taxes for continuing operations .........
.
150 59 193 277 176
Capitalized interest ..........................................
.
(4) (10) (22) (12) (4)
360 470 550 660 529
Fixed charges, as defined:
Interest ..........................................................
.
718 608 632 604 644
Capitalized interest ......................................
.
4 10 22 12 4
Interest component of rentals charged to
operating expense ....................................
.
12 19 16 15 12
Total fixed charges ......................................
.
734 637 670 631 660
Earnings, as defined ........................................
.
$ 1,094 $ 1,107 $ 1,220 $ 1,291 $ 1,189
Ratio of earnings to fixed charges ..................
.
1.49 1.74 1.82 2.05 1.80
________
(1) Excluded from the computation of fixed charges for the years ended December 31, 2007, 2008 and 2009 is
interest income of $4 million, interest expense of $9 million and interest income of $3 million,
respectively, which is included in income tax expense.