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Previous: DETROIT EDISON CO, 10-Q, EX-12.24, 2000-08-11 |
Next: DETROIT EDISON CO, 10-Q, EX-15.14, 2000-08-11 |
<PAGE> 1
EXHIBIT 12-25
THE DETROIT EDISON COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
Six
Months Year Ended December 31
Ended ------------------------------------
6/30/00 1999 1998 1997
------- ---- ---- ----
(Millions, except for ratio)
<S> <C> <C> <C> <C>
Net income............................................. $ 188 $ 434 $ 418 $ 417
--------- --------- ---------- --------
Taxes based on income:
Income taxes........................................ 101 211 260 288
Municipal and state................................. 1 3 3 4
--------- --------- ---------- --------
Total taxes based on income....................... 102 214 263 292
--------- --------- ---------- --------
Fixed charges:
Interest expense.................................... 139 284 278 282
Allowance for funds used during
construction...................................... - 4 - -
Interest factor of rents............................ 17 34 34 34
--------- --------- ---------- --------
Total fixed charges............................... 156 322 312 316
========= ========= ========== ========
Earnings before taxes based on income
and fixed charges................................... $ 446 $ 970 $ 933 $ 1,025
========= ========= ========== ========
Ratio of earnings to fixed charges 2.86 3.01 3.18 3.24
</TABLE>
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