8-KRegulation FDExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (Dec 1, 2010)

Filed December 1, 2010For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company (DTE) filed an 8-K on December 1, 2010, to disclose information presented to investors during meetings held on December 2, 2010. The primary purpose of this filing was to furnish a slide presentation that reiterated DTE Energy's financial guidance. Specifically, the company reaffirmed its 2010 operating earnings per share (EPS) guidance range of $3.50 to $3.70. Additionally, DTE Energy provided an early outlook for its 2011 operating EPS guidance, projecting a range of $3.40 to $3.80. It is important for investors to note that the company's guidance focuses on 'operating earnings,' which may exclude certain items impacting reported earnings. DTE Energy stated that reconciliations to reported earnings are not provided due to the unpredictable nature and potential significant impact of these excluded items. The filing also includes standard forward-looking statement disclaimers, urging readers to consult previously filed reports for a comprehensive understanding of associated risks and uncertainties.

Key Highlights

  • 1DTE Energy provided an investor presentation on December 2, 2010, as part of meetings in New York City.
  • 2The company reaffirmed its 2010 operating earnings per share (EPS) guidance of $3.50 - $3.70.
  • 3An initial outlook for 2011 operating EPS guidance was provided, projecting a range of $3.40 - $3.80.
  • 4The guidance provided is based on 'operating earnings,' which may exclude certain items from reported earnings.
  • 5Reconciliations between operating earnings and reported earnings were not provided due to forecasting uncertainty of excluded items.
  • 6The filing includes standard forward-looking statements disclaimers and references to prior SEC filings for risk factors.

Frequently Asked Questions

The main purpose of this 8-K filing is to furnish a slide presentation that DTE Energy's executives used to communicate with investors. This presentation included reaffirmed guidance for 2010 operating earnings per share and an initial outlook for 2011 operating earnings per share.

DTE Energy reaffirmed its 2010 operating earnings per share guidance to be between $3.50 and $3.70. For 2011, the company provided an early outlook, expecting operating earnings per share to be in the range of $3.40 to $3.80.

'Operating earnings' refer to financial results that may exclude certain items that impact the company's reported GAAP earnings. DTE Energy notes that these excluded items can be volatile and significantly affect reported results, and that they are not providing reconciliations due to the difficulty in forecasting them.

Investors can find more information about the risks and uncertainties associated with DTE Energy's forward-looking statements by consulting the 'Forward-Looking Statements' sections in the company's 2009 Forms 10-K and 2010 Forms 10-Q, as well as other SEC reports filed by DTE Energy and The Detroit Edison Company.