EX-12.82 3 a20171231ex1282.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DTE ELECTRIC Exhibit


Exhibit 12.82

DTE Electric Company
Computation of Ratio of Earnings to Fixed Charges
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
(In millions)
Earnings:
 
 
 
 
 
 
 
 
 
Pretax earnings
$
928

 
$
975

 
$
836

 
$
830

 
$
741

Adjustments to earnings(a)
(9
)
 
(8
)
 
(11
)
 
(11
)
 
(7
)
Fixed charges
288

 
278

 
277

 
267

 
281

Net earnings
$
1,207

 
$
1,245

 
$
1,102

 
$
1,086

 
$
1,015

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
   Interest expense(b)
$
271

 
$
261

 
$
255

 
$
247

 
$
264

Adjustments to fixed charges(c)
17

 
17

 
22

 
20

 
17

Fixed charges
$
288

 
$
278

 
$
277

 
$
267

 
$
281

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.19

 
4.48

 
3.98

 
4.07

 
3.61

_______________________________________
(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 tax 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.