8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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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): August 1, 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 8.01. Other Events.

On August 1, 2012, The Detroit Edison Company (Detroit Edison) filed an application for accounting authority with the Michigan Public Service Commission (MPSC). The full text of the filing is available on the MPSC’s website (http://efile.mpsc.state.mi.us/efile/) under case number U-17068. Detroit Edison is a wholly-owned subsidiary of DTE Energy Company (DTE Energy.)

On August 1, 2012, DTE Energy posted a summary and discussion of the filing in the Detroit Edison application to the DTE Energy website at www.dteenergy.com. The summary is attached as Exhibit 99.1.

Item 9.01.      Financial Statements and Exhibits.

(d) Exhibits

99.1 Summary of Detroit Edison’s Application for Accounting Authority U-17068 dated August 1, 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 Detroit Edison’s 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: August 1, 2012            

DTE ENERGY COMPANY

(Registrant)

/s/ Daniel G. Brudzynski    

Daniel G. Brudzynski

Vice President

THE DETROIT EDISON COMPANY

(Registrant)

/s/ Daniel G. Brudzynski    

Daniel G. Brudzynski

Vice President

EXHIBIT INDEX

Exhibit Number	Description
99.1	Summary of Detroit Edison’s Application for Accounting Authority U-17068 dated August 1, 2012.

EX-99.1

Exhibit 99.1

Summary of Detroit Edison’s Application for Accounting Authority U-17068¹ 

August 1, 2012

The Detroit Edison Company (Detroit Edison) filed an application for accounting authority today with the Michigan Public Service Commission (“MPSC”). This document provides a summary of Detroit Edison’s filing. The full filing will be available on the MPSC’s website (http://efile.mpsc.state.mi.us/efile/) under case number U-17068.

In its filing, Detroit Edison seeks approval to defer for future amortization the gain resulting from the reversal of Detroit Edison’s regulatory liability associated with the Revenue Decoupling Mechanism (RDM). It is currently anticipated that with this accounting treatment, along with other cost saving measures, Detroit Edison will not need to increase base rates until 2015.

Background

• In its order issued January 11, 2010 in Case No. U-15768 the MPSC adopted a pilot RDM applicable to Detroit Edison’s retail electric utility business. Detroit Edison terminated the pilot RDM effective October 2011.

• Detroit Edison accrued a regulatory liability of approximately $127 million, plus interest, during the period the pilot RDM was in effect (February 2010 – October 2011).

• On April 10, 2012, the Michigan Court of Appeals issued a decision relating to an appeal of the January 2010 MPSC order in which the Court determined, among other things, that the MPSC had no statutory authority to implement the RDM for electric providers, reversing the MPSC’s decision to authorize an RDM for Detroit Edison.

• Absent the requested accounting authority in this application, Detroit Edison will be required, under generally accepted accounting principles, to reverse the accrued RDM regulatory liability and recognize the $127 million as pre-tax income.

• Based on Detroit Edison’s internal financial planning analysis, absent unforeseen developments and the accounting authority requested in this application, Detroit Edison believes that rate relief will be required beginning in January 2014 in order to maintain an adequate shareholder return on rate base. This required revenue deficiency for 2014 is expected to equate to at least $127 million.

Proposal

• Detroit Edison is proposing to defer the gain arising from the reversal of the RDM regulatory liability by establishing a new regulatory liability which will be amortized to income in 2014, taking the place of what would otherwise be a required base rate increase.

• It is currently anticipated that with this accounting treatment, along with other cost saving measures, Detroit Edison will not need to increase base rates until 2015.

• However, Detroit Edison reserves the right to file for an increase in retail electric rates prior to 2015 in the event of changed economic circumstances or unforeseen events. If Detroit Edison’s base rates are increased prior to January 1, 2015, either through a self-implemented rate increase or pursuant to a Commission order, the Company will immediately cease amortizing the refund obligation to income and refund to customers the remaining unamortized balance of the new regulatory liability.

For further information, please contact DTE Energy’s investor relations group at (313) 235-8030.

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¹This document includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties. These statements typically contain, but are not limited to, the terms “anticipate”, “believe”, “estimate”, and similar words. These statements should be read in conjunction with the “Forward-Looking Statements” section in DTE Energy Company's and Detroit Edison's 2011 Forms 10-K and their 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 document as a result of new information or future events.