8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________

FORM 8-K

_____________________________

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 27, 2012

Commission File Number	Exact Name of Registrant as Specified in its Charter, State of Incorporation, Address of Principal Executive Offices and Telephone Number	IRS Employer Identification No.
1-11607	DTE Energy Company (a Michigan corporation) One Energy Plaza Detroit, Michigan 48226-1279 313-235-4000	38-3217752
1-2198	The Detroit Edison Company (a Michigan corporation) One Energy Plaza Detroit, Michigan 48226-1279 313-235-4000	38-0478650

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.Results of Operations and Financial Condition.

DTE Energy Company (DTE Energy) is furnishing the Securities and Exchange Commission (SEC) with its earnings release issued July 27, 2012, announcing financial results for the quarter ended June 30, 2012. Copies of the earnings release and the financial information distributed for media and investor relations communications are furnished as Exhibits 99.1 and 99.2 and incorporated herein by reference. In its earnings release and the slide presentation discussed below, DTE Energy reaffirms its 2012 operating earnings per share guidance of $3.65-$3.95 per share.

Item 7.01.Regulation FD Disclosure.

DTE Energy is furnishing the SEC with its slide presentation issued July 27, 2012. A copy of the slide presentation is furnished as Exhibit 99.3 and incorporated herein by reference.

In its earnings release, slide presentation and this filing, DTE Energy discusses 2012 operating earnings guidance. It is likely that certain items that impact the company's 2012 reported results will be excluded from operating results. Reconciliations to the comparable 2012 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items. These items may fluctuate significantly from period to period and may have a significant impact on reported earnings.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 and 99.3, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such a filing.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

99.1	Earnings Release of DTE Energy Company dated July 27, 2012.
99.2	Financial Information Distributed for Media and Investor Relations Communications dated July 27, 2012.
99.3	Slide Presentation of DTE Energy Company dated July 27, 2012.

Forward-Looking Statements:

This Form 8-K contains forward-looking statements that are subject to various assumptions, risks and uncertainties. It should be read in conjunction with the “Forward-Looking Statements” section in DTE Energy's and The Detroit Edison Company's (“Detroit Edison”) 2011 Forms 10-K and 2012 Forms 10-Q (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and Detroit Edison that discuss important factors that could cause DTE Energy's and Detroit Edison's actual results to differ materially. DTE Energy and Detroit Edison expressly disclaim any current intention to update any forward-looking statements contained in this report as a result of new information or future events or developments.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: July 27, 2012

DTE ENERGY COMPANY

(Registrant)

/s/ PETER B. OLEKSIAK

Peter B. Oleksiak 

Vice President and Controller and

Chief Accounting Officer 

THE DETROIT EDISON COMPANY

(Registrant)

/s/ PETER B. OLEKSIAK

Peter B. Oleksiak 

Vice President and Controller and

Chief Accounting Officer 

EXHIBIT INDEX

Exhibit Number	Description
99.1	Earnings Release of DTE Energy Company dated July 27, 2012.
99.2	Financial Information Distributed for Media and Investor Relations Communications dated July 27, 2012.
99.3	Slide Presentation of DTE Energy Company dated July 27, 2012.

EX-99.1

Exhibit 99.1

DTE Energy reports second quarter 2012 results

DETROIT - DTE Energy (NYSE:DTE) today reported second quarter 2012 earnings of $146 million, or $0.86per diluted share, compared with $202 million, or $1.19 per diluted share in 2011. Reported earnings in the second quarter of 2011 include an $88 million, or $0.52 per diluted share, adjustment to reduce income tax expense. This non-cash income tax benefit was the result of the enactment of the Michigan Corporate Income Tax in May of 2011 and the related remeasurement of deferred tax assets and liabilities at our non-utility businesses.

Operating earnings for the second quarter 2012 were $146 million, or $0.86 per diluted share, compared with 2011 operating earnings of $111 million, or $0.65 per diluted share. Operating earnings exclude non-recurring items and discontinued operations. Reconciliations of reported earnings to operating earnings are at the end of this news release.

“Record-setting high temperatures in our service territory provided an increase in demand at our electric utility,” said Gerard M. Anderson, DTE Energy chairman, president and CEO. “The hot weather and severe storms we've seen so far this summer are reminders of why DTE Energy's plan to invest $1.4 billion in our distribution system reliability over the next five years is so important.”

Anderson also highlighted new investments in renewable energy. “Last month, we started full commercial operation of the Gratiot County Wind Park, Michigan's largest wind project, which will provide the power to serve the equivalent of more than 50,000 homes. We have an additional four wind parks under construction in Michigan's thumb region that will more than double that capacity by the end of 2013. These are good examples of our ongoing commitment to invest in renewable energy.”

Reported earnings for the first six months ended June 30, 2012 were $302 million or $1.77 per diluted share versus $378 million or $2.23 per diluted share in 2011. Year-to-date operating earnings were $302million or $1.77 per diluted share, compared with $299 million or $1.76 per diluted share in 2011.

Outlook for 2012

DTE Energy reiterated its 2012 operating earnings guidance of $3.65 to $3.95 per diluted share.

“Increased electricity usage so far this summer has boosted operating earnings and helped to offset the impact the warm first quarter had on our gas utility's earnings,” said David E. Meador, DTE Energy executive vice president and chief financial officer. “We remain on track to meet our financial goals for 2012.”

Meador also provided an update on DTE Energy's commitment to the State of Michigan as part of the Pure Michigan Business Connect initiative to increase spending on goods and services with Michigan-based suppliers. “We are off to a great start on our 2012 target of $575 million, with $346 million of Michigan spend through June,” said Meador. “This is an $81 million increase over year-to-date June 2011 and illustrates DTE Energy's commitment to be a force for growth and prosperity in our state.”

This earnings announcement, as well as a package of slides and supplemental information, is available at www.dteenergy.com.

DTE Energy plans to conduct a conference call with the investment community hosted by Meador at 9:00 a.m. EDT Friday, July 27, to discuss second quarter 2012 earnings results. Investors, the news media and the public may listen to a live internet broadcast of the call at www.dteenergy.com/investors. The telephone dial-in numbers are US/CAN Toll free: (800) 419-9895 or Int'l Toll: (913) 312-0643. The passcode is 4907918. The

internet broadcast will be archived on the company's website. An audio replay of the call will be available from noon today to August 10. To access the replay, dial (888) 203-1112 or (719) 457-0820 and enter passcode 4907918.

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an electric utility serving 2.1 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.2 million customers in Michigan, and other non-utility, energy businesses focused on gas storage and pipelines, unconventional gas production, power and industrial projects, and energy trading. Information about DTE Energy is available at www.dteenergy.com.

Use of Operating Earnings Information - DTE Energy management believes that operating earnings provide a more meaningful representation of the company's earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors.

In this release, DTE Energy discusses 2012 operating earnings guidance. It is likely that certain items that impact the company's 2012 reported results will be excluded from operating results. Reconciliations to the comparable 2012 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items. These items may fluctuate significantly from period to period and may have a significant impact on reported earnings.

The information contained herein is as of the date of this release. DTE Energy expressly disclaims any current intention to update any forward-looking statements contained in this release as a result of new information or future events or developments. Words such as “anticipate,” “believe,” “expect,” “projected” and “goals” signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various assumptions, risks and uncertainties. This release contains forward-looking statements about DTE Energy's financial results and estimates of future prospects, and actual results may differ materially.

Many factors may impact forward-looking statements including, but not limited to, the following: impact of regulation by the FERC, MPSC, NRC and other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals or new legislation; impact of electric and gas utility restructuring in Michigan, including legislative amendments and Customer Choice programs; economic conditions and population changes in our geographic area resulting in changes in demand, customer conservation, increased thefts of electricity and gas and high levels of uncollectible accounts receivable; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; health, safety, financial, environmental and regulatory risks associated with ownership and operation of nuclear facilities; changes in the cost and availability of coal and other raw materials, purchased power and natural gas; volatility in the short-term natural gas storage markets impacting third-party storage revenues; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; the timing and extent of changes in interest rates; the level of borrowings; the potential for losses on investments, including nuclear decommissioning and benefit plan assets and the related increases in future expense and contributions; the potential for increased costs or delays in completion of significant construction projects; the uncertainties of successful exploration of unconventional gas and oil resources and challenges in estimating gas and oil reserves with certainty; changes in and application of federal, state and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings and audits; the effects of weather and other natural phenomena on operations and sales to customers, and purchases from suppliers; unplanned outages; the cost of protecting assets against, or damage due to, terrorism or cyber attacks; employee relations and the impact of collective bargaining agreements; the availability, cost, coverage and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of plant and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy and other business issues; binding arbitration, litigation and related appeals; and the risks discussed in our public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause our results to differ materially from those contained in any forward-looking statement. Any forward-looking statements refer only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. This presentation should also be read in conjunction with the “Forward-Looking Statements” sections in each of DTE Energy's and Detroit Edison's 2011 Forms 10-K and 10-Q (which sections are incorporated herein by reference), and in conjunction with other SEC reports filed by DTE Energy and Detroit Edison.

# # #

For further information, members of the media may call:

Scott Simons (313) 235-8808Len Singer (313) 235-8809

Analysts, for further information call:

Mark Rolling (313) 235-7663Kurt Wasiluk (313) 235-7726

DTE Energy Company
Consolidated Statements of Operations (Unaudited)
	Three Months Ended						Six Months Ended
	June 30						June 30
(in Millions, Except per Share Amounts)	2012			2011			2012			2011
Operating Revenues	$	2,025		$	2,028		$	4,274		$	4,459
Operating Expenses
Fuel, purchased power and gas	697			771			1,586			1,842
Operation and maintenance	708			647			1,434			1,278
Depreciation, depletion and amortization	250			248			482			493
Taxes other than income	79			77			174			160
Asset (gains) and losses, reserves and impairments, net	(3		)	(3		)	(8		)	8
	1,731			1,740			3,668			3,781
Operating Income	294			288			606			678
Other (Income) and Deductions
Interest expense	109			124			222			250
Interest income	(3		)	(2		)	(5		)	(5		)
Other income	(41		)	(18		)	(78		)	(39		)
Other expenses	12			8			19			15
	77			112			158			221
Income Before Income Taxes	217			176			448			457
Income Tax Expense (Benefit)	70			(24		)	143			79
Net Income	147			200			305			378
Less: Net Income (Loss) Attributable to Noncontrolling Interests	1			(2		)	3			—
Net Income Attributable to DTE Energy Company	$	146		$	202		$	302		$	378
Basic Earnings per Common Share
Net Income Attributable to DTE Energy Company	$	0.86		$	1.19		$	1.77		$	2.23
Diluted Earnings per Common Share
Net Income Attributable to DTE Energy Company	$	0.86		$	1.19		$	1.77		$	2.23
Weighted Average Common Shares Outstanding
Basic	170			169			170			169
Diluted	171			170			171			170
Dividends Declared per Common Share	$	0.59		$	0.59		$	1.18		$	1.15

DTE Energy Company
Segment Net Income (Unaudited)
	Three Months Ended June 30
	2012								2011
	Reported					Operating			Reported							Operating
(in Millions)	Earnings			Adjustments		Earnings			Earnings			Adjustments				Earnings
Electric Utility	$	127		$	—	$	127		$	103		$	(3	)	A	$	100
Gas Utility	4			—		4			(3		)	—				(3		)
Non-utility Operations
Gas Storage and Pipelines	17			—		17			14			—				14
Unconventional Gas Production	(2		)	—		(2		)	(1		)	—				(1		)
Power and Industrial Projects	10			—		10			5			—				5
Energy Trading	4			—		4			12			—				12
Total Non-utility operations	29			—		29			30			—				30
Corporate and Other	(14		)	—		(14		)	72			(88		)	B	(16		)
Net Income Attributable to DTE Energy Company	$	146		$	—	$	146		$	202		$	(91	)		$	111
Adjustments key
A) Fermi 1 asset retirement obligation
B) Income tax adjustment due to enactment of the Michigan Corporate Income Tax in May 2011.

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)
	Three Months Ended June 30
	2012								2011
	Reported					Operating			Reported							Operating
(in Millions)	Earnings			Adjustments		Earnings			Earnings			Adjustments				Earnings
Electric Utility	$	0.74		$	—	$	0.74		$	0.61		$	(0.02	)	A	$	0.59
Gas Utility	0.02			—		0.02			(0.02		)	—				(0.02		)
Non-utility Operations
Gas Storage and Pipelines	0.10			—		0.10			0.09			—				0.09
Unconventional Gas Production	(0.01		)	—		(0.01		)	(0.01		)	—				(0.01		)
Power and Industrial Projects	0.06			—		0.06			0.03			—				0.03
Energy Trading	0.02			—		0.02			0.07			—				0.07
Total Non-utility operations	0.17			—		0.17			0.18			—				0.18
Corporate and Other	(0.07		)	—		(0.07		)	0.42			(0.52		)	B	(0.10		)
Net Income Attributable to DTE Energy Company	$	0.86		$	—	$	0.86		$	1.19		$	(0.54	)		$	0.65
Adjustments key
A) Fermi 1 asset retirement obligation
B) Income tax adjustment due to enactment of the Michigan Corporate Income Tax in May 2011.

DTE Energy Company
Segment Net Income (Unaudited)
	Six Months Ended June 30
	2012								2011
	Reported					Operating			Reported							Operating
(in Millions)	Earnings			Adjustments		Earnings			Earnings			Adjustments				Earnings
Electric Utility	$	223		$	—	$	223		$	188		$	9		A	$	197
Gas Utility	56			—		56			80			—				80
Non-utility Operations
Gas Storage and Pipelines	34			—		34			29			—				29
Unconventional Gas Production	(3		)	—		(3		)	(3		)	—				(3		)
Power and Industrial Projects	18			—		18			15			—				15
Energy Trading	2			—		2			14			—				14
Total Non-utility operations	51			—		51			55			—				55
Corporate and Other	(28		)	—		(28		)	55			(88		)	B	(33		)
Net Income Attributable to DTE Energy Company	$	302		$	—	$	302		$	378		$	(79	)		$	299
Adjustments key
A) Fermi 1 asset retirement obligation
B) Income tax adjustment due to enactment of the Michigan Corporate Income Tax in May 2011.

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)
	Six Months Ended June 30
	2012								2011
	Reported					Operating			Reported							Operating
(in Millions)	Earnings			Adjustments		Earnings			Earnings			Adjustments				Earnings
Electric Utility	$	1.30		$	—	$	1.30		$	1.11		$	0.05		A	$	1.16
Gas Utility	0.33			—		0.33			0.48			—				0.48
Non-utility Operations
Gas Storage and Pipelines	0.20			—		0.20			0.17			—				0.17
Unconventional Gas Production	(0.02		)	—		(0.02		)	(0.02		)	—				(0.02		)
Power and Industrial Projects	0.11			—		0.11			0.09			—				0.09
Energy Trading	0.01			—		0.01			0.08			—				0.08
Total Non-utility operations	0.30			—		0.30			0.32			—				0.32
Corporate and Other	(0.16		)	—		(0.16		)	0.32			(0.52		)	B	(0.20		)
Net Income Attributable to DTE Energy Company	$	1.77		$	—	$	1.77		$	2.23		$	(0.47	)		$	1.76
Adjustments key
A) Fermi 1 asset retirement obligation
B) Income tax adjustment due to enactment of the Michigan Corporate Income Tax in May 2011.

EX-99.2

Exhibit 99.2

DTE ENERGY COMPANY

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)

	June 30			December 31
(in Millions)	2012			2011
ASSETS
Current Assets
Cash and cash equivalents	$	185		$	68
Restricted cash, principally Securitization	110			147
Accounts receivable (less allowance for doubtful accounts of $153 and $162, respectively)
Customer	1,239			1,317
Other	164			90
Inventories
Fuel and gas	487			572
Materials and supplies	223			219
Deferred income taxes	65			51
Derivative assets	221			222
Regulatory assets	194			314
Other	162			196
	3,050			3,196
Investments
Nuclear decommissioning trust funds	985			937
Other	533			525
	1,518			1,462
Property
Property, plant and equipment	23,081			22,541
Less accumulated depreciation, depletion and amortization	(8,929		)	(8,795		)
	14,152			13,746
Other Assets
Goodwill	2,020			2,020
Regulatory assets	4,390			4,539
Securitized regulatory assets	497			577
Intangible assets	67			73
Notes receivable	117			123
Derivative assets	75			74
Other	189			199
	7,355			7,605
Total Assets	$	26,075		$	26,009

DTE ENERGY COMPANY

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) — (Continued)

	June 30			December 31
(in Millions, except shares)	2012			2011
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$	728		$	782
Accrued interest	94			95
Dividends payable	207			99
Short-term borrowings	39			419
Current portion long-term debt, including capital leases	848			526
Derivative liabilities	211			158
Other	508			549
	2,635			2,628
Long-Term Debt (net of current portion)
Mortgage bonds, notes and other	6,528			6,405
Securitization bonds	391			479
Junior subordinated debentures	280			280
Capital lease obligations	13			23
	7,212			7,187
Other Liabilities
Deferred income taxes	3,263			3,116
Regulatory liabilities	1,007			1,019
Asset retirement obligations	1,641			1,591
Unamortized investment tax credit	60			65
Derivative liabilities	62			89
Accrued pension liability	1,224			1,298
Accrued postretirement liability	1,341			1,484
Nuclear decommissioning	149			148
Other	297			331
	9,044			9,141
Commitments and Contingencies
Equity
Common stock, without par value, 400,000,000 shares authorized, 171,754,812 and 169,247,282 shares issued and outstanding, respectively	3,549			3,417
Retained earnings	3,744			3,750
Accumulated other comprehensive loss	(151		)	(158		)
Total DTE Energy Company Equity	7,142			7,009
Noncontrolling interests	42			44
Total Equity	7,184			7,053
Total Liabilities and Equity	$	26,075		$	26,009

DTE ENERGY COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	Six Months Ended
	June 30
(in Millions)	2012			2011
Operating Activities
Net income	$	305		$	378
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization	482			493
Deferred income taxes	81			14
Asset (gains) and losses, reserves and impairments, net	(7		)	8
Changes in assets and liabilities, exclusive of changes shown separately	300			266
Net cash from operating activities	1,161			1,159
Investing Activities
Plant and equipment expenditures — utility	(708		)	(684		)
Plant and equipment expenditures — non-utility	(131		)	(35		)
Proceeds from sale of assets	15			9
Restricted cash for debt redemption, principally Securitization	15			2
Proceeds from sale of nuclear decommissioning trust fund assets	36			59
Investment in nuclear decommissioning trust funds	(44		)	(76		)
Other	(15		)	(42		)
Net cash used for investing activities	(832		)	(767		)
Financing Activities
Issuance of long-term debt	496			547
Redemption of long-term debt	(140		)	(721		)
Short-term borrowings, net	(380		)	1
Issuance of common stock	20			—
Repurchase of common stock	—			(18		)
Dividends on common stock	(199		)	(190		)
Other	(9		)	(15		)
Net cash used for financing activities	(212		)	(396		)
Net Increase (Decrease) in Cash and Cash Equivalents	117			(4		)
Cash and Cash Equivalents at Beginning of Period	68			65
Cash and Cash Equivalents at End of Period	$	185		$	61

THE DETROIT EDISON COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended						Six Months Ended
	June 30						June 30
(in Millions)	2012			2011			2012			2011
Operating Revenues	$	1,289		$	1,240		$	2,487		$	2,432
Operating Expenses
Fuel and purchased power	428			417			805			795
Operation and maintenance	334			331			689			660
Depreciation and amortization	203			202			388			404
Taxes other than income	60			60			128			119
Asset (gains) and losses, net	(1		)	(5		)	(1		)	14
	1,024			1,005			2,009			1,992
Operating Income	265			235			478			440
Other (Income) and Deductions
Interest expense	65			73			134			144
Other income	(11		)	(11		)	(27		)	(21		)
Other expenses	9			6			15			12
	63			68			122			135
Income Before Income Taxes	202			167			356			305
Income Tax Expense	75			63			132			116
Net Income	$	127		$	104		$	224		$	189

MICHIGAN CONSOLIDATED GAS COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended						Six Months Ended
	June 30						June 30
(in Millions)	2012			2011			2012			2011
Operating Revenues	$	209		$	238		$	710		$	918
Operating Expenses
Cost of gas	59			92			330			491
Operation and maintenance	95			102			194			203
Depreciation and amortization	23			22			46			44
Taxes other than income	13			14			31			31
	190			230			601			769
Operating Income	19			8			109			149
Other (Income) and Deductions
Interest expense	14			15			29			31
Interest income	(1		)	(2		)	(3		)	(4		)
Other income	(3		)	(1		)	(5		)	(3		)
Other expenses	1			—			2			1
	11			12			23			25
Income (Loss) Before Income Taxes	8			(4		)	86			124
Income Tax Expense (Benefit)	3			(1		)	30			45
Net Income (Loss)	$	5		$	(3	)	$	56		$	79

DTE Energy Debt/Equity Calculation

As of June 30, 2012

($ millions)

Short-term borrowings	$	39
Current portion of long-term debt, including capital leases	848
Mortgage bonds, notes and other	6,528
Securitization bonds, excluding current portion	391
Capital lease obligations	13
Other adjustments	258
less Securitization bonds, including current portion	(559		)
50% Junior Subordinated Debentures	140
Total debt	7,658
50% Junior Subordinated Debentures	140
Total preferred/ other	140
Equity	7,142
Total capitalization	$	14,940
Debt	51		%
Junior Subordinated Debentures	1		%
Common shareholders' equity	48		%
Total	100		%

Sales Analysis - Q2 2012
Electric Sales - Detroit Edison Service Area (GWh)					Electric Billings - Detroit Edison Service Area ($000s)
	Q2 2012	Q2 2011	% Change			Q2 2012		Q2 2011		% Change
Residential	3,587	3,607	(1	)%	Residential	$	523,858	$	494,467	6	%
Commercial	4,247	3,998	6	%	Commercial	481,778		409,267		18	%
Industrial	2,563	2,405	7	%	Industrial	202,742		169,387		20	%
Other (a)	221	239	(8	)%	Other (b)	26,338		49,452		(47	)%
	10,618	10,249	4	%		$	1,234,716	$	1,122,573	10	%
Choice	1,312	1,409	(7	)%	Choice	23,155		25,476		(9	)%
TOTAL SALES	11,930	11,658	2	%	TOTAL	$	1,257,871	$	1,148,049	10	%
________________					________________
(a) 2011 Excludes 524 GWh related to a wholesale contract terminated Dec 2011					(b) 2011 includes $23,219k related to a wholesale contract terminated Dec 2011

Gas Sales - MichCon Service Area (MMcf)					Gas Billings - MichCon Service Area ($000s)
	Q2 2012	Q2 2011	% Change			Q2 2012		Q2 2011		% Change
Residential	11,269	14,131	(20	)%	Residential	$	118,469	$	148,485	(20	)%
Commercial	2,394	3,169	(24	)%	Commercial	23,214		31,449		(26	)%
Industrial	393	204	93	%	Industrial	3,155		1,706		85	%
	14,056	17,504	(20	)%		$	144,838	$	181,640	(20	)%
End User Transportation*	33,804	27,343	24	%	End User Transportation*	39,587		43,183		(8	)%
TOTAL SALES	47,860	44,847	7	%	TOTAL	$	184,425	$	224,823	(18	)%
________________					________________
* Includes choice customers					* Includes choice customers

Weather
Cooling Degree Days				Heating Degree Days
Detroit Edison service territory				MichCon service territory
	Q2 2012	Q2 2011	% Change		Q2 2012	Q2 2011	% Change
Actuals	331	242	37%	Actuals	653	823	(21)%
Normal	193	193		Normal	781	803
Deviation from normal	71%	25%		Deviation from normal	(16)%	2%

Earnings Impact of Weather
Variance from normal weather (millions, after-tax)
	Q2 2012			Q2 2011
Detroit Edison*	$	21		$	—
MichCon	$	(2	)	$	1
________________
* Pre 2012 Detroit Edison earnings not affected by weather due to RDM mechanism

Sales Analysis - YTD June 30, 2012
Electric Sales - Detroit Edison Service Area (GWh)					Electric Billings - Detroit Edison Service Area ($000s)
	YTD 2012	YTD 2011	% Change			YTD 2012		YTD 2011		% Change
Residential	7,287	7,495	(3	)%	Residential	$	1,087,273	$	1,013,905	7	%
Commercial	8,132	7,991	2	%	Commercial	920,445		804,973		14	%
Industrial	4,938	4,747	4	%	Industrial	390,408		333,688		17	%
Other (a)	479	517	(7	)%	Other (b)	52,803		98,164		(46	)%
	20,836	20,750	0	%		$	2,450,929	$	2,250,730	9	%
Choice	2,567	2,711	(5	)%	Choice	44,625		51,511		(13	)%
TOTAL SALES	23,403	23,461	0	%	TOTAL	$	2,495,554	$	2,302,241	8	%
________________					________________
(a) 2011 Excludes 1,043 GWh related to a wholesale contract terminated Dec 2011					(b) 2011 includes $45,942k related to a wholesale contract terminated Dec 2011

Gas Sales - MichCon Service Area (MMcf)					Gas Billings - MichCon Service Area ($000s)
	YTD 2012	YTD 2011	% Change			YTD 2012		YTD 2011		% Change
Residential	48,062	61,790	(22	)%	Residential	$	440,114	$	591,759	(26	)%
Commercial	11,046	15,673	(30	)%	Commercial	96,209		144,820		(34	)%
Industrial	628	503	25	%	Industrial	4,960		4,218		18	%
	59,736	77,966	(23	)%		$	541,283	$	740,797	(27	)%
End User Transportation*	81,818	79,066	3	%	End User Transportation*	112,763		124,415		(9	)%
TOTAL SALES	141,554	157,032	(10	)%	TOTAL	$	654,046	$	865,212	(24	)%
________________					________________
* Includes choice customers					* Includes choice customers

Weather
Cooling Degree Days				Heating Degree Days
Detroit Edison service territory				MichCon service territory
	YTD 2012	YTD 2011	% Change		YTD 2012	YTD 2011	% Change
Actuals	347	242	43%	Actuals	3,178	4,274	(26)%
Normal	193	193		Normal	4,006	4,016
Deviation from normal	80%	25%		Deviation from normal	(21)%	6%

Earnings Impact of Weather
Variance from normal weather (millions, after-tax)
	YTD 2012			YTD 2011
Detroit Edison*	$	10		$	—
MichCon	$	(25	)	$	9
________________
* Pre 2012 Detroit Edison earnings not affected by weather due to RDM mechanism

Detroit Edison Temperature Normal Sales Analysis - June 30, 2012
Temperature Normal Electric Sales - Detroit Edison Service Area (GWh)					Temperature Normal Electric Sales - Detroit Edison Service Area (Includes Electric Choice) (GWh)
	YTD 2012	YTD 2011	% Change			YTD 2012	YTD 2011	% Change
Residential	7,218	7,301	(1	)%	Residential	7,219	7,302	(1	)%
Commercial	7,974	7,947	0	%	Commercial	9,465	9,551	(1	)%
Industrial	4,920	4,743	4	%	Industrial	5,960	5,839	2	%
Other (a)	479	517	(7	)%	Other (a)	479	517	(7	)%
	20,591	20,508	0	%		23,123	23,209	0	%
Choice	2,532	2,701	(6	)%
TOTAL SALES	23,123	23,209	0	%
________________
(a) 2011 Excludes 1,043 GWh related to a wholesale contract terminated Dec 2011

EX-99.3

Exhibit 99.3