EX-12.3 3 k81864exv12w3.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w3
 

Exhibit 12-3

DETROIT EDISON SECURITIZATION FUNDING LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)

                         
    Twelve Months Ended
            December 31
    
    2003
   2002
   2001
Earnings:
                        
Pre-tax income
   $ —     $ —     $ —  
Fixed charges
     100,480       104,873       86,928  
 
    
 		      
 		      
 		  
Earnings
     100,480       104,873       86,928  
 
    
 		      
 		      
 		  
Fixed charges:
                        
Interest expense
     100,480       104,873       86,928  
 
    
 		      
 		      
 		  
Fixed charges
   $ 100,480     $ 104,873     $ 86,928  
 
    
 		      
 		      
 		  
Ratio of earnings to fixed charges
     1.00       1.00       1.00