DTE 1q2003

DTE Energy reported first quarter 2003 earnings of $155 million compared to $200 million in the same period of 2002. Operating earnings, which exclude non-recurring items, were $178 million in the first quarter of 2003 compared to $181 million in the first quarter of 2002. The company's non-regulated businesses such as synthetic fuels production and energy trading saw stronger earnings compared to the prior year and helped offset higher costs at the company's regulated electric and gas utilities. DTE Energy affirmed its 2003 operating earnings guidance range of $3.75-$3.95 per share after adjusting for the sale of its transmission business.