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EXHIBIT 12-33
DTE ENERGY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions, except for ratio)
2003 2002 2001 2000 1999
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EARNINGS:
Pretax earnings $ 266 $ 465 $ 190 $ 480 $ 546
Add:
Loss from equity investee 15 14 22 26 15
Fixed charges 570 558 477 370 378
Distributed income from equity investees 11 10 9 - -
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NET EARNINGS 862 1,047 698 876 939
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FIXED CHARGES:
Interest expense 546 554 469 336 344
Interest factor of rents 24 4 8 34 34
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Total fixed charges $ 570 $ 558 $ 477 $ 370 $ 378
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Ratio of earnings to fixed charges 1.51 1.88 1.46 2.37 2.48
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