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Previous: DETROIT EDISON CO, 10-Q, EX-12.26, 2000-11-13 |
Next: DETROIT EDISON CO, 10-Q, EX-15.15, 2000-11-13 |
<PAGE> 1
EXHIBIT 12-27
THE DETROIT EDISON COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
Nine Year Ended December 31
Months --------------------------------------------
Ended
9/30/00 1999 1998 1997
------- ---- ---- ----
(Millions, except for ratio)
<S> <C> <C> <C> <C>
Net income............................................. $ 264 $ 434 $ 418 $ 417
----------- ----------- ----------- -----------
Taxes based on income:
Income taxes........................................ 118 211 260 288
Municipal and state................................. 2 3 3 4
---------- ----------- ----------- -----------
Total taxes based on income....................... 120 214 263 292
---------- ----------- ----------- -----------
Fixed charges:
Interest expense.................................... 209 284 278 282
Allowance for funds used during
construction...................................... - 4 - -
Interest factor of rents............................ 26 34 34 34
---------- ----------- ----------- -----------
Total fixed charges............................... 235 322 312 316
========== =========== =========== ===========
Earnings before taxes based on income
and fixed charges................................... $ 619 $ 970 $ 933 $ 1,025
=========== =========== =========== ===========
Ratio of earnings to fixed charges 2.63 3.01 3.18 3.24
</TABLE>
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