EXHIBIT 12-18
THE DETROIT EDISON COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31
2001 2000 1999 1998 1997
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(Millions, except for ratio)
EARNINGS:
Pretax earnings $ 320 $ 586 $ 645 $ 678 $ 705
Fixed charges 314 311 322 311 316
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NET EARNINGS 634 897 967 989 1,021
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FIXED CHARGES:
Interest expense 306 277 288 277 282
Interest factor of rents 8 34 34 34 34
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Total fixed charges $ 314 $ 311 $ 322 $ 311 $ 316
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Ratio of earnings to fixed charges 2.02 2.88 3.00 3.18 3.23
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