EX-12.63 3 a20150630ex1263.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DTE ELECTRIC 2015.06.30 EX 12.63


Exhibit 12.63

DTE Electric Company
Computation of Ratio of Earnings to Fixed Charges
 
Six Months Ended
 
Year Ended December 31,
 
June 30, 2015
 
2014
 
2013
 
2012
 
2011
 
2010
 
(In millions)
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Pretax earnings
$
363

 
$
830

 
$
741

 
$
768

 
$
704

 
$
711

Adjustments
(5
)
 
(11
)
 
(7
)
 
(7
)
 
(2
)
 
(4
)
Fixed charges
138

 
267

 
281

 
286

 
310

 
328

Net earnings
$
496

 
$
1,086

 
$
1,015

 
$
1,047

 
$
1,012

 
$
1,035

 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
   Interest expense
$
129

 
$
247

 
$
264

 
$
269

 
$
287

 
$
310

Adjustments
9

 
20

 
17

 
17

 
23

 
18

Fixed charges
$
138

 
$
267

 
$
281

 
$
286

 
$
310

 
$
328

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
3.59

 
4.07

 
3.61

 
3.66

 
3.26

 
3.16