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Full Year 2007

Supplemental
Financial
Information

                 Feb. 21, 2008
DTE ENERGY COMPANY
      CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
                                                                                               December
                                                                                 December
(in Millions)                                                                                     31
                                                                                    31
                                                                                                 2006
                                                                                   2007
ASSETS
Current Assets
  Cash and cash equivalents                                                                    $       147
                                                                                 $     123
  Restricted cash                                                                                      146
                                                                                       140
  Accounts receivable (less allowance for doubtful accounts of $182 and $170,
   respectively)
    Customer                                                                                        1,427
                                                                                      1,621
    Collateral held by others                                                                          68
                                                                                         56
    Other                                                                                             442
                                                                                        448
  Accrued power and gas supply cost recovery revenue                                                  117
                                                                                         76
  Inventories
    Fuel and gas                                                                                      562
                                                                                        429
    Materials and supplies                                                                            153
                                                                                        204
  Deferred income taxes                                                                               245
                                                                                        535
  Assets from risk management and trading activities                                                  461
                                                                                        195
  Other                                                                                               193
                                                                                        196
  Current assets held for sale                                                           83            —
                                                                                                    3,961
                                                                                      4,106

Investments
  Nuclear decommissioning trust funds                                                                 740
                                                                                        824
  Other                                                                                               505
                                                                                        446
                                                                                                    1,245
                                                                                      1,270

Property
  Property, plant and equipment                                                                    19,224
                                                                                     18,809
  Less accumulated depreciation and depletion                                                      (7,773)
                                                                                     (7,342)
                                                                                                   11,451
                                                                                     11,467

Other Assets
  Goodwill                                                                                          2,057
                                                                                      2,037
  Regulatory assets                                                                                 3,226
                                                                                      2,786
  Securitized regulatory assets                                                                     1,235
                                                                                      1,124
  Intangible assets                                                                                    72
                                                                                         25
  Notes receivable                                                                                    164
                                                                                         87
  Assets from risk management and trading activities                                                  164
                                                                                        207
  Prepaid pension assets                                                                               71
                                                                                        152
  Other                                                                                               139
                                                                                        118
  Noncurrent assets held for sale                                                       545            —
                                                                                                    7,128
                                                                                      7,081

                                                                                               $   23,785
Total Assets                                                                     $ 23,924


The Consolidated Statements of Financial Position (Unaudited) should be read in conjunction with the
Notes to Consolidated Financial Statements appearing in the Forms 10-K and 10-Q.




                                                                                                             2
DTE ENERGY COMPANY
      CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
                                                                                              December
                                                                                December
(in Millions, Except Shares)                                                                     31
                                                                                   31
                                                                                                2006
                                                                                  2007
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
  Accounts payable                                                                            $    1,145
                                                                               $   1,161
  Accrued interest                                                                                   115
                                                                                     112
  Dividends payable                                                                                   94
                                                                                      87
  Short-term borrowings                                                                            1,131
                                                                                   1,084
  Current portion of long-term debt, including capital leases                                        354
                                                                                     454
  Liabilities from risk management and trading activities                                            437
                                                                                     282
  Deferred gains and reserves                                                                        208
                                                                                     400
  Other                                                                                              680
                                                                                     566
  Current liabilities associated with assets held for sale                            48              —
                                                                                                   4,164
                                                                                   4,194

Long-Term Debt (net of current portion)
  Mortgage bonds, notes and other                                                                  5,918
                                                                                   5,576
  Securitization bonds                                                                             1,185
                                                                                   1,065
  Trust preferred-linked securities                                                                  289
                                                                                     289
  Capital lease obligations                                                                           82
                                                                                      41
                                                                                                   7,474
                                                                                   6,971

Other Liabilities
  Deferred income taxes                                                                            1,465
                                                                                   1,972
  Regulatory liabilities                                                                             765
                                                                                   1,227
  Asset retirement obligations                                                                     1,221
                                                                                   1,277
  Unamortized investment tax credit                                                                  120
                                                                                     108
  Liabilities from risk management and trading activities                                            259
                                                                                     452
  Liabilities from transportation and storage contracts                                              157
                                                                                     126
  Accrued pension liability                                                                          388
                                                                                      68
  Accrued postretirement liability                                                                 1,414
                                                                                   1,094
  Deferred gains from asset sales                                                                     36
                                                                                      15
  Nuclear decommissioning                                                                            119
                                                                                     134
  Other                                                                                              312
                                                                                     303
  Noncurrent liabilities associated with assets held for sale                         82              —
                                                                                                   6,256
                                                                                   6,858

Commitments and Contingencies

                                                                                                       42
Minority Interest                                                                     48

Shareholders’ Equity
  Common stock, without par value, 400,000,000 shares authorized,
   162,232,095 and 177,138,060 shares issued and outstanding, respectively                         3,467
                                                                                   3,176
  Retained earnings                                                                                2,593
                                                                                   2,790
  Accumulated other comprehensive loss                                                             (211)
                                                                                    (113)
                                                                                                   5,849
                                                                                   5,853

                                                                                              $   23,785
Total Liabilities and Shareholders’ Equity                                     $ 23,924


The Consolidated Statements of Financial Position (Unaudited) should be read in conjunction with the
Notes to Consolidated Financial Statements appearing in the Forms 10-K and 10-Q.



                                                                                                            3
DTE ENERGY COMPANY
           CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                                                                 Year Ended
(in Millions)                                                                                    December 31
                                                                                                        2006
                                                                                                2007
Operating Activities
 Net Income                                                                                               $     433
                                                                                            $     971
 Adjustments to reconcile net income to net cash from operating activities:
    Depreciation, depletion and amortization                                                                  1,014
                                                                                                  926
    Deferred income taxes                                                                                        28
                                                                                                  144
    Gain on sale of non-utility business                                                                         —
                                                                                                 (900)
    Other asset (gains), losses and reserves, net                                                               (11)
                                                                                                   (9)
    Gain on sale of interests in synfuel projects                                                               (38)
                                                                                                 (248)
    Impairment of synfuel projects                                                                               77
                                                                                                    4
    Partners’ share of synfuel project losses                                                                  (251)
                                                                                                 (188)
    Contributions from synfuel partners                                                                         197
                                                                                                  229
    Cumulative effect of accounting change                                                                       (1)
                                                                                                   —
    Changes in assets and liabilities, exclusive of changes shown separately                                      8
                                                                                                  196
 Net cash from operating activities                                                                           1,456
                                                                                                1,125

Investing Activities
  Plant and equipment expenditures – utility                                                                  (1,126)
                                                                                                (1,035)
  Plant and equipment expenditures – non-utility                                                                (277)
                                                                                                  (264)
  Acquisitions, net of cash acquired                                                                             (42)
                                                                                                    —
  Proceeds from sale of interests in synfuel projects                                                            246
                                                                                                   447
  Refunds to synfuel partners                                                                                     —
                                                                                                  (115)
  Proceeds from sale of non-utility business                                                                      —
                                                                                                 1,262
  Proceeds from sale of other assets, net                                                                         67
                                                                                                    85
  Restricted cash for debt redemptions                                                                           (21)
                                                                                                     6
  Proceeds from sale of nuclear decommissioning trust fund assets                                                253
                                                                                                   286
  Investment in nuclear decommissioning trust funds                                                             (284)
                                                                                                  (323)
  Other investments                                                                                              (10)
                                                                                                   (19)
  Net cash from (used for) investing activities                                                               (1,194)
                                                                                                   330

Financing Activities
  Issuance of long-term debt                                                                                    612
                                                                                                    50
  Redemption of long-term debt                                                                                 (687)
                                                                                                  (393)
  Short-term borrowings, net                                                                                    291
                                                                                                   (47)
  Issuance of common stock                                                                                       17
                                                                                                    —
  Repurchase of common stock                                                                                    (61)
                                                                                                  (708)
  Dividends on common stock                                                                                    (365)
                                                                                                  (364)
  Other                                                                                                         (10)
                                                                                                    (6)
  Net cash used for financing activities                                                                       (203)
                                                                                                (1,468)

                                                                                                                 59
Net Increase (Decrease) in Cash and Cash Equivalents                                              (13)
                                                                                                                  -
Cash and Cash Equivalents Reclassified to Assets Held for Sale                                    (11)
                                                                                                                 88
Cash and Cash Equivalents at Beginning of the Period                                              147
                                                                                                  123 $         147
Cash and Cash Equivalents at End of the Period                                              $


The Consolidated Statements of Cash Flows (Unaudited) should be read in conjunction with the Notes to
Consolidated Financial Statements appearing in Forms 10-K and 10-Q.




                                                                                                                4
THE DETROIT EDISON COMPANY
                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

                                                                                            Year Ended
(in Millions)                                                                              December 31
                                                                                                    2006
                                                                                          2007

                                                                                                    $ 4,737
Operating Revenues                                                                    $ 4,900

Operating Expenses
 Fuel and purchased power                                                                               1,566
                                                                                          1,686
 Operation and maintenance                                                                              1,337
                                                                                          1,422
 Depreciation and amortization                                                                            812
                                                                                            764
 Taxes other than income                                                                                  252
                                                                                            277
 Asset (gains) and reserves, net                                                                           (6 )
                                                                                              8
                                                                                                        3,961
                                                                                          4,157

                                                                                                         776
Operating Income                                                                            743

Other (Income) and Deductions
 Interest expense                                                                                        278
                                                                                            294
 Interest income                                                                                          (4 )
                                                                                             (7 )
 Other income                                                                                            (35 )
                                                                                            (40 )
 Other expenses                                                                                           55
                                                                                             30
                                                                                                         294
                                                                                            277

                                                                                                         482
Income Before Income Taxes                                                                  466

                                                                                                         162
Income Tax Provision                                                                        149

                                                                                                         320
Income Before Accounting Change                                                             317

                                                                                                            1
Cumulative Effect of Accounting Change                                                        -

                                                                                                         321
Reported Earnings                                                                           317

Adjustments
 Detroit Thermal reserve                                                                                    -
                                                                                             17
 Regulatory asset surcharge                                                                                 -
                                                                                              6
 Stranded cost and PSCR disallowance                                                                       38
                                                                                              -
 Cumulative effect of accounting change                                                                    (1 )
                                                                                              -
                                                                                                           37
                                                                                             23

                                                                                      $             $    358
Operating Earnings                                                                          340


  The Consolidated Statement of Operations (Unaudited) should be read in conjunction with the Notes to
  Consolidated Financial Statements appearing in Forms 10-K and 10-Q.




                                                                                                                  5
MICHIGAN CONSOLIDATED GAS COMPANY
                  CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

                                                                 Year Ended
                                                                 December 31
(in Millions)
                                                                           2006
                                                               2007

                                                                         $   1,811
Operating Revenues                                         $    1,842

Operating Expenses
 Cost of gas                                                                 1,127
                                                                1,139
 Operation and maintenance                                                     421
                                                                  422
 Depreciation and amortization                                                  95
                                                                   93
 Taxes other than income                                                        53
                                                                   55
 Asset (gains) and losses, net                                                   -
                                                                   (3)
                                                                             1,696
                                                                1,706

                                                                              115
Operating Income                                                 136

Other (Income) and Deductions
 Interest expense                                                               67
                                                                   60
 Interest income                                                               (12)
                                                                  (10)
 Other income                                                                   (8)
                                                                  (12)
 Other expenses                                                                  4
                                                                    4
                                                                                51
                                                                   42

                                                                               64
Income Before Income Taxes                                        94
                                                                               12
Income Tax Provision                                              23
                                                                               52
Reported Earnings                                                 71

Adjustments
 Performance Excellence Process                                                16
                                                                   6
 December 2007 GCR disallowance                                                 -
                                                                   6
                                                                               16
                                                                  12

                                                                         $     68
Operating Earnings                                         $      83




                                                                                     6
DTE Energy Debt/Equity Calculation
                             As of December 31, 2007
                                     ($ millions)


                                   Short-term borrowings         $    1,084
Current portion of long-term debt, including capital leases            454
                        Mortgage bonds, notes and other               5,576
                                      Securitization bonds            1,065
                                 Capital lease obligations              41
                            less MichCon short-term debt               (455)
       less Securitization bonds, including current portion          (1,185)
                                                    Total debt        6,580


                          Trust preferred-linked securities            289
                                     Total preferred/ other            289


                                                       Equity         5,853


                                       Total capitalization      $   12,722


                                                        Debt          51.7%
                                                    Preferred          2.3%
                         Common shareholders' equity                  46.0%


                                                        Total        100.0%




                                                                               7
Sales Analysis - 2007
      Electric Sales - Detroit Edison Service Area (GWh)                              Electric Revenue - Detroit Edison Service Area ($000s)

                                             2007            2006                                                    2007                    2006
                                                                    % Change                                                                                  % Change

Residential                             16,147           15,769            2%   Residential                            1,739,309               1,670,697               4%
Commercial                              19,332           17,948            8%   Commercial                             1,722,637               1,602,777               7%
Industrial                              13,338           13,235            1%   Industrial                                853,446                835,296               2%
Other                                        3,300         3,228           2%   Other                                     181,612                165,679               10%
                                        52,117           50,180            4%                                          4,497,004               4,274,449               5%
Choice*                                                                         Choice*
                                             2,239         3,603        -38%                                               45,766                    83,813        -45%
TOTAL SALES                             54,356           53,783            1%   TOTAL REVENUES                         4,542,770               4,358,262               4%


* Includes Dearborn Industrial Group sales                                      * Distribution charge, includes Dearborn Industrial Group revenues




Gas Sales - MichCon Service Area (Mcf)                                          Gas Revenue - MichCon Service Area ($000s)

                                    2007              2006                                                           2007                    2006
                                                                    % Change                                                                                  % Change

Residential                        111,500,802       102,759,921           9%   Residential                            1,127,063               1,212,498               -7%
Commercial                          32,314,757        31,278,460           3%   Commercial                                321,452                366,381           -12%
Industrial                           1,368,896         1,217,010         12%    Industrial                                 13,127                    13,493            -3%
                                   145,184,455       135,255,391           7%                                          1,461,642               1,592,372               -8%
End User                                                                        End User
Transportation*                                                                 Transportation*
                                   131,793,468       135,850,307         -3%                                              139,742                134,929               4%
TOTAL SALES                        276,977,923       271,105,698           2%   TOTAL REVENUES                         1,601,384               1,727,301               -7%
* Includes choice customers                                                     * Includes choice customers




                                                                        Weather
Cooling Degree Days                                                             Heating Degree Days
Detroit Edison service territory                                                MichCon service territory
                                    2007              2006                                                           2007                    2006
                                                                    % Change                                                                                  % Change

Actuals                              944               836           13%        Actuals                              6,257                   5,779                8%
Normal                               736               736                      Normal                               6,667                   6,671


                                     28%               14%                                                            -6%                     -13%
Deviation from normal                                                           Deviation from normal




                                                                                                                                                              8
Sales Analysis - Q4 2007
    Electric Sales - Detroit Edison Service Area (GWh)                           Electric Revenue - Detroit Edison Service Area ($000s)

                                     Q4 2007         Q4 2006                                                     Q4 2007              Q4 2006
                                                                  % Change                                                                            % Change

Residential                               3,806           3,536         8%    Residential                            410,328               375,094             9%
Commercial                                4,986           4,508        11%    Commercial                             446,154               402,351         11%
Industrial                                3,364           3,176         6%    Industrial                             205,487               202,239             2%
Other                                        839           841          0%    Other                                    50,295                40,499        24%
                                      12,995          12,061            8%                                         1,112,264             1,020,183             9%
Choice*                                                                       Choice*
                                             629           722        -13%                                             12,149                15,419        -21%
TOTAL SALES                           13,624          12,783            7%    TOTAL REVENUES                       1,124,413             1,035,602             9%


* Includes Dearborn Industrial Group sales                                    * Distribution charge, includes Dearborn Industrial Group revenues




Gas Sales - MichCon Service Area (Mcf)                                        Gas Revenue - MichCon Service Area ($000s)

                                   Q4 2007         Q4 2006                                                       Q4 2007              Q4 2006
                                                                  % Change                                                                            % Change

Residential                        33,891,991      33,418,677           1%    Residential                            331,421               333,234             -1%
Commercial                          9,838,467       8,974,517          10%    Commercial                               95,147                88,981            7%
Industrial                           359,755         284,327           27%    Industrial                                 3,366                2,712        24%
                                   44,090,213      42,677,521           3%                                           429,934               424,927             1%
End User                                                                      End User
Transportation*                                                               Transportation*
                                   34,000,028      37,243,007          -9%                                             38,205                38,963            -2%
TOTAL SALES                        78,090,241      79,920,528           -2%   TOTAL REVENUES                         468,139               463,890             1%
* Includes choice customers                                                   * Includes choice customers




                                                                      Weather
Cooling Degree Days                                                           Heating Degree Days
Detroit Edison service territory                                              MichCon service territory
                                   Q4 2007         Q4 2006                                                       Q4 2007              Q4 2006
                                                                  % Change                                                                            % Change

Actuals                              54               3           1700%       Actuals                             2,149                 2,097             2%
Normal                                6               6                       Normal                              2,355                 2,353


                                    800%            -50%                                                           -9%                  -11%
Deviation from normal                                                         Deviation from normal




                                                                                                                                                      9

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DTE_4Q2007_Supp

  • 2. DTE ENERGY COMPANY CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) December December (in Millions) 31 31 2006 2007 ASSETS Current Assets Cash and cash equivalents $ 147 $ 123 Restricted cash 146 140 Accounts receivable (less allowance for doubtful accounts of $182 and $170, respectively) Customer 1,427 1,621 Collateral held by others 68 56 Other 442 448 Accrued power and gas supply cost recovery revenue 117 76 Inventories Fuel and gas 562 429 Materials and supplies 153 204 Deferred income taxes 245 535 Assets from risk management and trading activities 461 195 Other 193 196 Current assets held for sale 83 — 3,961 4,106 Investments Nuclear decommissioning trust funds 740 824 Other 505 446 1,245 1,270 Property Property, plant and equipment 19,224 18,809 Less accumulated depreciation and depletion (7,773) (7,342) 11,451 11,467 Other Assets Goodwill 2,057 2,037 Regulatory assets 3,226 2,786 Securitized regulatory assets 1,235 1,124 Intangible assets 72 25 Notes receivable 164 87 Assets from risk management and trading activities 164 207 Prepaid pension assets 71 152 Other 139 118 Noncurrent assets held for sale 545 — 7,128 7,081 $ 23,785 Total Assets $ 23,924 The Consolidated Statements of Financial Position (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in the Forms 10-K and 10-Q. 2
  • 3. DTE ENERGY COMPANY CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) December December (in Millions, Except Shares) 31 31 2006 2007 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Accounts payable $ 1,145 $ 1,161 Accrued interest 115 112 Dividends payable 94 87 Short-term borrowings 1,131 1,084 Current portion of long-term debt, including capital leases 354 454 Liabilities from risk management and trading activities 437 282 Deferred gains and reserves 208 400 Other 680 566 Current liabilities associated with assets held for sale 48 — 4,164 4,194 Long-Term Debt (net of current portion) Mortgage bonds, notes and other 5,918 5,576 Securitization bonds 1,185 1,065 Trust preferred-linked securities 289 289 Capital lease obligations 82 41 7,474 6,971 Other Liabilities Deferred income taxes 1,465 1,972 Regulatory liabilities 765 1,227 Asset retirement obligations 1,221 1,277 Unamortized investment tax credit 120 108 Liabilities from risk management and trading activities 259 452 Liabilities from transportation and storage contracts 157 126 Accrued pension liability 388 68 Accrued postretirement liability 1,414 1,094 Deferred gains from asset sales 36 15 Nuclear decommissioning 119 134 Other 312 303 Noncurrent liabilities associated with assets held for sale 82 — 6,256 6,858 Commitments and Contingencies 42 Minority Interest 48 Shareholders’ Equity Common stock, without par value, 400,000,000 shares authorized, 162,232,095 and 177,138,060 shares issued and outstanding, respectively 3,467 3,176 Retained earnings 2,593 2,790 Accumulated other comprehensive loss (211) (113) 5,849 5,853 $ 23,785 Total Liabilities and Shareholders’ Equity $ 23,924 The Consolidated Statements of Financial Position (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in the Forms 10-K and 10-Q. 3
  • 4. DTE ENERGY COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Year Ended (in Millions) December 31 2006 2007 Operating Activities Net Income $ 433 $ 971 Adjustments to reconcile net income to net cash from operating activities: Depreciation, depletion and amortization 1,014 926 Deferred income taxes 28 144 Gain on sale of non-utility business — (900) Other asset (gains), losses and reserves, net (11) (9) Gain on sale of interests in synfuel projects (38) (248) Impairment of synfuel projects 77 4 Partners’ share of synfuel project losses (251) (188) Contributions from synfuel partners 197 229 Cumulative effect of accounting change (1) — Changes in assets and liabilities, exclusive of changes shown separately 8 196 Net cash from operating activities 1,456 1,125 Investing Activities Plant and equipment expenditures – utility (1,126) (1,035) Plant and equipment expenditures – non-utility (277) (264) Acquisitions, net of cash acquired (42) — Proceeds from sale of interests in synfuel projects 246 447 Refunds to synfuel partners — (115) Proceeds from sale of non-utility business — 1,262 Proceeds from sale of other assets, net 67 85 Restricted cash for debt redemptions (21) 6 Proceeds from sale of nuclear decommissioning trust fund assets 253 286 Investment in nuclear decommissioning trust funds (284) (323) Other investments (10) (19) Net cash from (used for) investing activities (1,194) 330 Financing Activities Issuance of long-term debt 612 50 Redemption of long-term debt (687) (393) Short-term borrowings, net 291 (47) Issuance of common stock 17 — Repurchase of common stock (61) (708) Dividends on common stock (365) (364) Other (10) (6) Net cash used for financing activities (203) (1,468) 59 Net Increase (Decrease) in Cash and Cash Equivalents (13) - Cash and Cash Equivalents Reclassified to Assets Held for Sale (11) 88 Cash and Cash Equivalents at Beginning of the Period 147 123 $ 147 Cash and Cash Equivalents at End of the Period $ The Consolidated Statements of Cash Flows (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in Forms 10-K and 10-Q. 4
  • 5. THE DETROIT EDISON COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Year Ended (in Millions) December 31 2006 2007 $ 4,737 Operating Revenues $ 4,900 Operating Expenses Fuel and purchased power 1,566 1,686 Operation and maintenance 1,337 1,422 Depreciation and amortization 812 764 Taxes other than income 252 277 Asset (gains) and reserves, net (6 ) 8 3,961 4,157 776 Operating Income 743 Other (Income) and Deductions Interest expense 278 294 Interest income (4 ) (7 ) Other income (35 ) (40 ) Other expenses 55 30 294 277 482 Income Before Income Taxes 466 162 Income Tax Provision 149 320 Income Before Accounting Change 317 1 Cumulative Effect of Accounting Change - 321 Reported Earnings 317 Adjustments Detroit Thermal reserve - 17 Regulatory asset surcharge - 6 Stranded cost and PSCR disallowance 38 - Cumulative effect of accounting change (1 ) - 37 23 $ $ 358 Operating Earnings 340 The Consolidated Statement of Operations (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in Forms 10-K and 10-Q. 5
  • 6. MICHIGAN CONSOLIDATED GAS COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Year Ended December 31 (in Millions) 2006 2007 $ 1,811 Operating Revenues $ 1,842 Operating Expenses Cost of gas 1,127 1,139 Operation and maintenance 421 422 Depreciation and amortization 95 93 Taxes other than income 53 55 Asset (gains) and losses, net - (3) 1,696 1,706 115 Operating Income 136 Other (Income) and Deductions Interest expense 67 60 Interest income (12) (10) Other income (8) (12) Other expenses 4 4 51 42 64 Income Before Income Taxes 94 12 Income Tax Provision 23 52 Reported Earnings 71 Adjustments Performance Excellence Process 16 6 December 2007 GCR disallowance - 6 16 12 $ 68 Operating Earnings $ 83 6
  • 7. DTE Energy Debt/Equity Calculation As of December 31, 2007 ($ millions) Short-term borrowings $ 1,084 Current portion of long-term debt, including capital leases 454 Mortgage bonds, notes and other 5,576 Securitization bonds 1,065 Capital lease obligations 41 less MichCon short-term debt (455) less Securitization bonds, including current portion (1,185) Total debt 6,580 Trust preferred-linked securities 289 Total preferred/ other 289 Equity 5,853 Total capitalization $ 12,722 Debt 51.7% Preferred 2.3% Common shareholders' equity 46.0% Total 100.0% 7
  • 8. Sales Analysis - 2007 Electric Sales - Detroit Edison Service Area (GWh) Electric Revenue - Detroit Edison Service Area ($000s) 2007 2006 2007 2006 % Change % Change Residential 16,147 15,769 2% Residential 1,739,309 1,670,697 4% Commercial 19,332 17,948 8% Commercial 1,722,637 1,602,777 7% Industrial 13,338 13,235 1% Industrial 853,446 835,296 2% Other 3,300 3,228 2% Other 181,612 165,679 10% 52,117 50,180 4% 4,497,004 4,274,449 5% Choice* Choice* 2,239 3,603 -38% 45,766 83,813 -45% TOTAL SALES 54,356 53,783 1% TOTAL REVENUES 4,542,770 4,358,262 4% * Includes Dearborn Industrial Group sales * Distribution charge, includes Dearborn Industrial Group revenues Gas Sales - MichCon Service Area (Mcf) Gas Revenue - MichCon Service Area ($000s) 2007 2006 2007 2006 % Change % Change Residential 111,500,802 102,759,921 9% Residential 1,127,063 1,212,498 -7% Commercial 32,314,757 31,278,460 3% Commercial 321,452 366,381 -12% Industrial 1,368,896 1,217,010 12% Industrial 13,127 13,493 -3% 145,184,455 135,255,391 7% 1,461,642 1,592,372 -8% End User End User Transportation* Transportation* 131,793,468 135,850,307 -3% 139,742 134,929 4% TOTAL SALES 276,977,923 271,105,698 2% TOTAL REVENUES 1,601,384 1,727,301 -7% * Includes choice customers * Includes choice customers Weather Cooling Degree Days Heating Degree Days Detroit Edison service territory MichCon service territory 2007 2006 2007 2006 % Change % Change Actuals 944 836 13% Actuals 6,257 5,779 8% Normal 736 736 Normal 6,667 6,671 28% 14% -6% -13% Deviation from normal Deviation from normal 8
  • 9. Sales Analysis - Q4 2007 Electric Sales - Detroit Edison Service Area (GWh) Electric Revenue - Detroit Edison Service Area ($000s) Q4 2007 Q4 2006 Q4 2007 Q4 2006 % Change % Change Residential 3,806 3,536 8% Residential 410,328 375,094 9% Commercial 4,986 4,508 11% Commercial 446,154 402,351 11% Industrial 3,364 3,176 6% Industrial 205,487 202,239 2% Other 839 841 0% Other 50,295 40,499 24% 12,995 12,061 8% 1,112,264 1,020,183 9% Choice* Choice* 629 722 -13% 12,149 15,419 -21% TOTAL SALES 13,624 12,783 7% TOTAL REVENUES 1,124,413 1,035,602 9% * Includes Dearborn Industrial Group sales * Distribution charge, includes Dearborn Industrial Group revenues Gas Sales - MichCon Service Area (Mcf) Gas Revenue - MichCon Service Area ($000s) Q4 2007 Q4 2006 Q4 2007 Q4 2006 % Change % Change Residential 33,891,991 33,418,677 1% Residential 331,421 333,234 -1% Commercial 9,838,467 8,974,517 10% Commercial 95,147 88,981 7% Industrial 359,755 284,327 27% Industrial 3,366 2,712 24% 44,090,213 42,677,521 3% 429,934 424,927 1% End User End User Transportation* Transportation* 34,000,028 37,243,007 -9% 38,205 38,963 -2% TOTAL SALES 78,090,241 79,920,528 -2% TOTAL REVENUES 468,139 463,890 1% * Includes choice customers * Includes choice customers Weather Cooling Degree Days Heating Degree Days Detroit Edison service territory MichCon service territory Q4 2007 Q4 2006 Q4 2007 Q4 2006 % Change % Change Actuals 54 3 1700% Actuals 2,149 2,097 2% Normal 6 6 Normal 2,355 2,353 800% -50% -9% -11% Deviation from normal Deviation from normal 9