dte_Q12005b

DTE Energy reported net income of $149 million for the first quarter of 2005, compared to $190 million for the same period in 2004. Adjustments for contract terminations and modifications, impairment charges, and tax normalization resulted in operating earnings of $153 million for 2005 versus $152 million in 2004. Higher earnings from energy distribution and gas distribution were offset by lower earnings from energy trading and other corporate activities.