Attached files
Exhibit 12.88
DTE Electric Company
Computation of Ratio of Earnings to Fixed Charges
Nine Months Ended | Year Ended December 31, | ||||||||||||||||||||||
September 30, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
(In millions) | |||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pretax earnings | $ | 780 | $ | 928 | $ | 975 | $ | 836 | $ | 830 | $ | 741 | |||||||||||
Adjustments to earnings(a) | (6 | ) | (9 | ) | (8 | ) | (11 | ) | (11 | ) | (7 | ) | |||||||||||
Fixed charges | 221 | 288 | 278 | 277 | 267 | 281 | |||||||||||||||||
Net earnings | $ | 995 | $ | 1,207 | $ | 1,245 | $ | 1,102 | $ | 1,086 | $ | 1,015 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense(b) | $ | 208 | $ | 271 | $ | 261 | $ | 255 | $ | 247 | $ | 264 | |||||||||||
Adjustments to fixed charges(c) | 13 | 17 | 17 | 22 | 20 | 17 | |||||||||||||||||
Fixed charges | $ | 221 | $ | 288 | $ | 278 | $ | 277 | $ | 267 | $ | 281 | |||||||||||
Ratio of earnings to fixed charges | 4.50 | 4.19 | 4.48 | 3.98 | 4.07 | 3.61 |
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(a) | Adjustments include the removal of the impact of earnings from non-consolidated entities and the inclusion of capitalized interest costs. |
(b) | Includes interest on uncertain positions. |
(c) | Adjustments include the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined and capitalized interest costs. |