Summary
DTE Energy filed an 8-K on December 14, 2015, to disclose information regarding the Michigan Public Service Commission's (MPSC) order in its subsidiary DTE Electric Company's rate case. The company is providing a summary and discussion of this order on its website. Crucially for investors, DTE Energy reaffirmed its 2015 operating earnings guidance and provided an early outlook for 2016 operating earnings. This filing serves as an update on regulatory proceedings that could impact the company's financial performance.
Key Highlights
- 1DTE Energy reaffirmed its 2015 operating earnings guidance of $4.65-$4.91 per share.
- 2The company provided an early outlook for 2016 operating earnings guidance of $4.80-$5.05 per share.
- 3The filing relates to the MPSC's order in DTE Electric Company's rate case.
- 4A summary and discussion of the MPSC order will be posted on the DTE Energy website.
- 5The company notes that certain items impacting reported results may be excluded from operating earnings, with reconciliations not provided due to forecasting difficulties.
- 6Certain information in the filing is furnished under Regulation FD and is not considered "filed" for SEC liability purposes, while other parts are deemed filed and incorporated by reference.
Frequently Asked Questions
The main purpose of this 8-K filing is to inform investors about the Michigan Public Service Commission's (MPSC) order in DTE Electric's rate case and to reaffirm DTE Energy's operating earnings guidance for 2015 and provide an early outlook for 2016.
DTE Energy reaffirmed its 2015 operating earnings guidance range of $4.65 to $4.91 per share and provided an early outlook for 2016 operating earnings guidance between $4.80 and $5.05 per share.
A summary and discussion of the MPSC order will be posted on the DTE Energy website (www.dteenergy.com).
DTE Energy stated that reconciliations to comparable reported earnings guidance are not provided because it is not possible to offer a reliable forecast of specific line items that may be excluded from operating results. These excluded items can fluctuate significantly and materially impact reported earnings.