EX-12.64 3 a20150930ex1264.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DTE ELECTRIC Exhibit


Exhibit 12.64

DTE Electric Company
Computation of Ratio of Earnings to Fixed Charges
 
Nine Months Ended
 
Year Ended December 31,
 
September 30, 2015
 
2014
 
2013
 
2012
 
2011
 
2010
 
(In millions)
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Pretax earnings
$
696

 
$
830

 
$
741

 
$
768

 
$
704

 
$
711

Adjustments
(8
)
 
(11
)
 
(7
)
 
(7
)
 
(2
)
 
(4
)
Fixed charges
208

 
267

 
281

 
286

 
310

 
328

Net earnings
$
896

 
$
1,086

 
$
1,015

 
$
1,047

 
$
1,012

 
$
1,035

 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
   Interest expense
$
194

 
$
247

 
$
264

 
$
269

 
$
287

 
$
310

Adjustments
14

 
20

 
17

 
17

 
23

 
18

Fixed charges
$
208

 
$
267

 
$
281

 
$
286

 
$
310

 
$
328

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.31

 
4.07

 
3.61

 
3.66

 
3.26

 
3.16