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EXHIBIT 12-19
THE DETROIT EDISON COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<Table>
<Caption>
Twelve Months Ended December 31
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2002 2001 2000 1999 1998
------ ------ ------ ------ ------
(Millions of Dollars)
EARNINGS:
Pretax earnings .............................. $ 534 $ 320 $ 586 $ 645 $ 678
Fixed charges ................................ 322 314 311 322 311
------ ------ ------ ------ ------
$ 856 $ 634 $ 897 $ 967 $ 989
------ ------ ------ ------ ------
FIXED CHARGES:
Interest expense ............................. $ 319 $ 306 $ 277 $ 288 $ 277
Interest factor of rents ..................... 3 8 34 34 34
------ ------ ------ ------ ------
$ 322 $ 314 $ 311 $ 322 $ 311
------ ------ ------ ------ ------
Ratio of earnings to fixed charges ............... 2.66 2.02 2.88 3.00 3.18
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</Table>