EX-12.31 3 k74326exv12w31.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12-31 DTE ENERGY COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended December 31 -------------------------------------------------------------- 2002 2001 2000 1999 1998 ------ ------ ------ ------ ------ (Millions of Dollars) EARNINGS: Pretax earnings $ 573 $ 219 $ 480 $ 546 $ 600 Add: Loss from equity investee 14 22 26 15 5 Fixed charges 562 478 370 378 353 Distributed income from equity investees 10 9 -- -- -- ------ ------ ------ ------ ------ 1,159 728 876 939 958 ------ ------ ------ ------ ------ FIXED CHARGES: Interest expense 558 470 336 344 319 Interest factor of rents 4 8 34 34 34 ------ ------ ------ ------ ------ $ 562 $ 478 $ 370 $ 378 $ 353 ------ ------ ------ ------ ------ Ratio of earnings to fixed charges 2.06 1.52 2.37 2.48 2.72 ====== ====== ====== ====== ======