DTE Energy Company
Stock Symbol: DTE
2000 Second Ave
DTE Energy Company Industry:
DTE Energy Company Description:
DTE Energy Company is the parent company of Detroit Edison Company, a regulated public utility engaged in the generation, purchase, distribution and sale of electric energy to 2.1 million customers in southeast Michigan, and DTE Enterprises Inc. (Enterprises), which is primarily engaged in natural gas production, gathering, processing, transmission, storage, distribution and energy marketing.
DTE Energy Company Financial Summary:
DTE is the holding company for The Detroit Edison Company, a public utility operating in southeast Michigan, and DTE Enterprises, a producer of natural gas. For the 6 months ended 6/30/05, revenues increased 19% to $4.26B. Net income from continuing operations decreased 34% to $152M. Revenues benefitted from rate increases. Net income reflects an increase in depreciation and operation and maintenance expenses.
DTE Energy Company Business Summary:
DTE Energy Company (DTE Energy) is a diversified energy company that conducts its businesses through its subsidiaries, Detroit Edison Company (Detroit Edison) and Michigan Consolidated Gas Company (MichCon). Detroit Edison is a public utility engaged in the generation, purchase, distribution and sale of electricity to 2.1 million customers in southeastern Michigan. MichCon is a public utility engaged in the purchase, storage, transmission, distribution and sale of natural gas to 1.2 million customers throughout Michigan. DTE Energy also has non-utility subsidiaries engaged in energy marketing and trading, energy services and various other electricity, coal and gas related businesses predominantly in the Midwest and eastern United States.