EX-12.4 2 k91836exv12w4.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12-4 THE DETROIT EDISON SECURITIZATION FUNDING LLC COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in Thousands of Dollars) Year Ended December 31 ------------------------------------------ 2004 2003 2002 ---------- ------------ --------- EARNINGS: Pre-tax earnings........................................... $ - $ - $ - Fixed charges.............................................. 95,677 100,480 104,873 ---------- ------------ --------- NET EARNINGS $ 95,677 $ 100,480 $ 104,873 ========== ============ ========= FIXED CHARGES: Interest expense........................................... $ 95,677 $ 100,480 $ 104,873 ---------- ------------ --------- Fixed charges $ 95,677 $ 100,480 $ 104,873 ========== ============ ========= Ratio of earnings to fixed charges 1.00 1.00 1.00 ========== ============ =========