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EXHIBIT 12-4
DTE ENERGY COMPANY AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31
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1996 1995 1994
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(Thousands, except for ratio)
Net income ................................ $325,311 $ 433,651 $ 419,909
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Taxes based on income:
Current income taxes ..................... 219,143 220,730 169,381
Deferred taxes - net ..................... 16,949 78,817 110,243
Investment tax credit adjustments - net .. (15,054) (16,294) (12,826)
Municipal and state ...................... 3,348 2,627 2,566
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Total taxes based on income ............ 224,386 285,880 269,364
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Fixed charges:
Interest on long-term debt ............... 275,166 275,599 273,763
Amortization of debt discount, premium
and expense ............................ 11,883 11,312 10,832
Other interest ........................... 4,218 9,666 11,170
Interest factor of rents ................. 34,000 29,000 28,000
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Total fixed charges .................... 325,267 325,577 323,765
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Earnings before taxes based on income
and fixed charges ........................ $874,964 $1,045,108 $1,013,038
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Ratio of earnings to fixed charges ........ 2.69 3.21 3.13