10-KPeriod: FY2006

DTE ENERGY CO Annual Report, Year Ended Dec 31, 2006

Filed March 1, 2007For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company's 2006 Form 10-K provides a comprehensive overview of its operations and financial performance as of December 31, 2006. The company, primarily engaged in the generation, purchase, transmission, distribution, and sale of electricity and, to a lesser extent, the sale and transportation of natural gas, operates mainly within Michigan. Investors should note that the company's financial health is closely tied to its regulated utility operations, which are subject to state regulatory oversight. The filing details DTE Energy's business segments, highlighting Michigan Consolidated Gas Company and Detroit Edison as its principal subsidiaries. Significant aspects for investors include the company's market capitalization, share structure, and the fact that it is a large accelerated filer. The report also confirms that DTE Energy has filed all required reports and is not considered a shell company, indicating a stable reporting history. Investors seeking a deeper understanding of DTE's financial condition and results of operations will find the Management's Discussion and Analysis (MD&A) and the Financial Statements and Supplementary Data sections particularly informative.

Key Highlights

  • 1DTE Energy Company is a large accelerated filer that has met all its reporting requirements for the preceding 12 months and the past 90 days.
  • 2The company's primary operations are in Michigan, focused on electricity and natural gas utilities through its principal subsidiaries, Detroit Edison and Michigan Consolidated Gas Company.
  • 3As of June 30, 2006, the aggregate market value of DTE Energy's common equity held by non-affiliates was approximately $7.2 billion.
  • 4The company has 177,123,754 shares of common stock outstanding as of January 31, 2007.
  • 5DTE Energy's common stock and trust preferred securities are listed on the New York Stock Exchange.
  • 6The company has guaranteed payments for securities issued by DTE Energy Trust I and DTE Energy Trust II.
  • 7Key financial and operational details are further elaborated in the subsequent sections of the 10-K, particularly within the Management's Discussion and Analysis and Financial Statements.

Frequently Asked Questions

DTE Energy's principal businesses are conducted through its subsidiaries, Detroit Edison, which generates, purchases, transmits, distributes, and sells electricity, and Michigan Consolidated Gas Company, which purchases, transports, distributes, and sells natural gas. The majority of these operations are located within the state of Michigan.

DTE Energy's common stock is traded on the New York Stock Exchange. As of June 30, 2006, the aggregate market value of its common equity held by non-affiliates was approximately $7.2 billion, based on the New York Stock Exchange closing price on that date.

DTE Energy Company is classified as a large accelerated filer. The company has confirmed that it has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and has been subject to these filing requirements for the past 90 days. It is not considered a shell company.

For a detailed understanding of DTE Energy's financial condition and results of operations, investors should closely examine Item 7, 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' and Item 8, 'Financial Statements and Supplementary Data.' These sections provide in-depth analysis and the core financial statements.