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EXHIBIT 12-31
DTE ENERGY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended December 31
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2002 2001 2000 1999 1998
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(Millions of Dollars)
EARNINGS:
Pretax earnings $ 573 $ 219 $ 480 $ 546 $ 600
Add:
Loss from equity investee 14 22 26 15 5
Fixed charges 562 478 370 378 353
Distributed income from equity investees 10 9 -- -- --
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1,159 728 876 939 958
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FIXED CHARGES:
Interest expense 558 470 336 344 319
Interest factor of rents 4 8 34 34 34
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$ 562 $ 478 $ 370 $ 378 $ 353
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Ratio of earnings to fixed charges 2.06 1.52 2.37 2.48 2.72
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