8-KRegulation FDOther EventsExhibits & Filings

DTE ENERGY CO 8-K Report, Regulation FD Disclosure (Dec 20, 2012)

Filed December 20, 2012For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company (DTE) announced on December 20, 2012, that the Michigan Public Service Commission (MPSC) has affirmed a partial settlement agreement for its wholly-owned subsidiary, Michigan Consolidated Gas Company (MichCon). This settlement is a significant development in MichCon's rate case. DTE Energy is also providing an early outlook for MichCon's 2013 operating income, projecting it to be between $113 to $118 million. Investors should note that DTE Energy has also provided a preliminary 2013 operating earnings guidance. However, the company has stated that certain items impacting reported results will likely be excluded from operating earnings. Reconciliations for these potential adjustments are not provided due to the unpredictable nature and significant potential impact of these items on reported earnings. This communication is being made via posting on the DTE Energy website, with specific information designated as either furnished or filed with the SEC.

Key Highlights

  • 1MPSC affirmed a partial settlement agreement for DTE Energy's subsidiary, Michigan Consolidated Gas Company (MichCon).
  • 2The MPSC's order in MichCon's rate case was issued on December 20, 2012.
  • 3DTE Energy is providing an early 2013 operating income outlook for MichCon of $113 million to $118 million.
  • 4The company is also sharing preliminary 2013 operating earnings guidance.
  • 5Certain items expected to impact 2013 reported results will be excluded from operating results.
  • 6Reconciliations for excluded items impacting 2013 reported earnings guidance are not provided due to variability.
  • 7Information related to the settlement and outlook is being disseminated via DTE Energy's website and SEC filings.

Frequently Asked Questions

The main news is that the Michigan Public Service Commission (MPSC) has affirmed a partial settlement agreement in the rate case for DTE Energy's subsidiary, Michigan Consolidated Gas Company (MichCon). Additionally, DTE Energy provided an initial operating income outlook for MichCon in 2013 and preliminary 2013 operating earnings guidance.

DTE Energy has provided an early outlook for MichCon's 2013 operating income, projecting it to be in the range of $113 million to $118 million.

No, DTE Energy has stated that reconciliations to the comparable 2013 reported earnings guidance will not be provided. This is because it is not possible to reliably forecast specific line items that will be excluded from operating results, as these items can fluctuate significantly and have a material impact on reported earnings.

The information regarding the MPSC's order and DTE Energy's outlook and guidance is being communicated through a posting on the DTE Energy website (www.dteenergy.com) and via this Form 8-K filing with the SEC. Some information is furnished (not deemed filed) while other parts are deemed filed and incorporated by reference into other SEC filings.