DTE Energy 2012 Annual Report Download - page 87
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Table of Contents
Certain of the Company’s credit facilities contain a provision requiring the Company to maintain a total funded debt to capitalization ratio, as defined in
the agreements, of no more than 0.65 to 1, which has the effect of limiting the amount of dividends the Company can pay in order to maintain compliance
with this provision. See Note 17 for a definition of this ratio. The effect of this provision was to restrict the payment of approximately $ 239 million at
December 31, 2012 of total retained earnings of approximately $ 4 billion. There are no other effective limitations with respect to the Company’s ability to pay
dividends.
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