EX-12.23 2 k02349exv12w23.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . Exhibit 12-23 THE DETROIT EDISON COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended December 31 ---------------------------------------------------------- 2005 2004 2003 2002 2001 (Millions of Dollars) ------- -------- ------ ------ -------- Earnings: Pretax earnings.................... $ 426 $ 214 $ 397 $ 534 $ 320 Fixed charges...................... 280 294 294 322 314 ------- -------- ------ ------ -------- Net earnings $ 706 $ 508 $ 691 $ 856 634 ------- -------- ------ ------ -------- Fixed charges: Interest expense................... $ 267 $ 280 $ 284 $ 319 $ 306 Adjustments..................... 13 14 10 3 8 ------- -------- ------ ------ -------- Fixed charges $ 280 $ 294 $ 294 $ 322 $ 314 ------- -------- ------ ------ -------- Ratio of earnings to fixed charges 2.52 1.73 2.35 2.66 2.02 ======= ======== ====== ====== ========