1 EXHIBIT 12-22 DTE ENERGY COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Three Months Year Ended December 31 Ended --------------------------- 3/31/00 1999 1998 1997 ------- ---- ---- ---- (Millions, except for ratio and percent) Net income ............................... $ 117 $ 483 $ 443 $ 417 ------ ------ ------ ------ Taxes based on income: Income taxes .......................... 13 60 154 257 Municipal and state ................... 1 3 3 4 ------ ------ ------ ------ Total taxes based on income ......... 14 63 157 261 ------ ------ ------ ------ Fixed charges: Interest expense ...................... 83 340 319 297 Allowance for funds used during construction ........................ - 4 - - Interest factor of rents .............. 9 34 34 34 Preferred stock dividend factor ....... - - 7 18 ------ ------ ------ ------ Total fixed charges ................. 92 378 360 349 ------ ------ ------ ------ Earnings before taxes based on income and fixed charges ..................... $ 223 $ 924 $ 960 $1,027 ====== ====== ====== ====== Ratio of earnings to fixed charges ....... 2.42 2.44 2.67 2.94 Preferred stock dividends ................ $ - $ - $ 6 $ 12 Dividends meeting requirement of IRC Section 247 ....................... $ - $ - $ 4 $ 4 Percent deductible for income tax purposes - - 40.00% 40.00% Amount deductible ........................ - - 2 2 Amount not deductible .................... - - 4 10 Ratio of pretax income to net income ..... - - 1.35 1.61 Dividend factor for amount not deductible. - - 5 16 Amount deductible ........................ - - 2 2 ------ ------ ------ ------ Total preferred stock dividend factor. $ - $ - $ 7 $ 18 ====== ====== ====== ======