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): February 13, 2015

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	DTE Electric 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 February 13, 2015, announcing financial results for the year ended December 31, 2014. A copy 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 increased its 2015 operating earnings guidance range to $4.48-4.72 per share from $4.43-4.67 per share.

Item 7.01. Regulation FD Disclosure.

DTE Energy is furnishing the SEC with its slide presentation issued February 13 2015. 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 2015 operating earnings guidance. It is likely that certain items that impact the company's 2015 reported results will be excluded from operating results. Reconciliations to the comparable 2015 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, 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 they 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 February 13, 2015.

99.2 Financial Information Distributed for Media and Investor Relations Communications

dated February 13, 2015.

99.3     Slide Presentation of DTE Energy Company dated February 13, 2015.

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 DTE Electric Company's (DTE Electric) 2014 Forms 10-K (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric that discuss important factors that could cause DTE Energy's and DTE Electric's actual results to differ materially. DTE Energy and DTE Electric 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: February 13, 2015
	DTE ENERGY COMPANY (Registrant)
	/s/ PETER B. OLEKSIAK Peter B. Oleksiak Senior Vice President and Chief Financial Officer

DTE ELECTRIC COMPANY

(Registrant)

/s/ PETER B. OLEKSIAK

Peter B. Oleksiak

Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit

NumberDescription

99.1    Earnings Release of DTE Energy Company dated February 13, 2015.

99.2    Financial Information Distributed for Media and Investor Relations Communications

dated February 13, 2015.

99.3    Slide Presentation of DTE Energy Company dated February 13, 2015.

EX-99.1

EXHIBIT 99.1

February 13, 2015

DTE Energy reports solid 2014 financial results; Company increases 2015 operating EPS guidance midpoint to $4.60

DETROIT - DTE Energy (NYSE:DTE) today reported 2014 earnings of $905 million, or $5.10 per diluted share, compared with $661 million, or $3.76per diluted share in 2013. Reported earnings in 2014 were up 37 percent, driven in large part by DTE Energy’s businesses outside of its utilities. Reported earnings at the electric utility were up nine percent while gas utility reported earnings were down slightly.

2014 operating earnings were $816 million or $4.60 per diluted share, compared with 2013 operating earnings of $720 million, or $4.09 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release.

“2014 was a very successful year for DTE Energy, both operationally and financially,” said Gerard Anderson, DTE Energy chairman and CEO. “I am especially proud that in 2014 and early 2015 our customers appear to recognize the significant focus that we have brought to improving customer satisfaction.” In 2014, J.D. Power ranked DTE Energy “Highest in Customer Satisfaction With Residential Natural Gas Service in the Midwest Among Large Utilities.”¹ More recently, J.D. Power announced that DTE Energy was ranked ”Highest in Customer Satisfaction With Business Natural Gas Service in the Midwest”¹ in its 2015 study. Anderson continued, “Customer satisfaction near the top of our industry is one of DTE’s highest priorities, and we are working hard to reach a number one ranking in electric customer satisfaction as well.”

Several other important DTE Energy 2014 accomplishments were highlighted:

• DTE was presented with the Gallup Great Workplace award for the second year in a row in 2014, recognizing the company’s ability to build and retain a highly-engaged workforce that will drive future success. DTE’s 2014 engagement scores placed the company in the top decile (top 10 percent) of companies globally. DTE is the only utility in the award’s history to be named a Gallup Great Workplace.

• Echo Wind Park began commercial operation in 2014, adding another 112 megawatts to DTE’s renewable energy portfolio. With nearly $2 billion in DTE and third party investments since 2009, the company is in position to meet the 10 percent renewable energy portfolio requirement by the end of 2015.

• DTE spent more than $900 million with Michigan-based suppliers in 2014. As a participant in the 2011 Pure Michigan Business Connect Initiative, DTE is ahead of schedule in its pledge to shift a total of $1.1 billion in incremental spending from businesses located outside of the state to Michigan-based suppliers by the end of 2015. DTE’s ongoing Michigan procurement creates and supports more than 5,000 jobs in the state.

Anderson acknowledged that 2014 was also a challenging year in some respects for the company and its customers. “The first quarter brought unusually cold temperatures followed by an unprecedented number of severe wind storms during the second and third quarters. We know that our customers were impacted as our systems were challenged by these extraordinary events, and we expect to make significant investments going forward to improve our reliability and ensure the availability of safe, clean and affordable energy.”

Anderson noted that Governor Rick Snyder, in his recent State of the State address, called for Michigan to develop a comprehensive energy policy in 2015. The governor also proposed plans to establish an agency on energy to coordinate planning for Michigan’s energy future. DTE Energy looks forward to working with

the governor, the legislature and the new agency to develop a comprehensive long-term energy policy for the state.

Increasing operating EPS guidance for 2015

DTE Energy increased 2015 operating EPS guidance to $4.48 to $4.72 from the $4.43 to $4.67 early outlook provided in November.

“We exceeded our financial goalsin 2014 primarily due to the record-breaking cold weather that we experienced during the first quarter followed by the successful execution of cost containment initiatives during the unusually heavy summer storm season,” said Peter Oleksiak, DTE Energy senior vice president and CFO. “In addition, continued growth in development projects in our non-utility businesses drove financial results well above 2013 levels.”

“Although DTE has been a leader in controlling costs over the past 10 years, substantial investments have been made to ensure clean and reliable energy for our customers,” added Oleksiak. “As a result, we recently filed our first DTE Electric rate case in four years." Oleksiak noted that the rate case, if approved by the MPSC, would result in a $3.25 average increase since 2013 in residential customers’ monthly bills. This translates into a total increase of approximately 1.5 percent annually.

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

DTE Energy plans to conduct a conference call with the investment community hosted by Anderson at 9:00 a.m. ET today, to discuss 2014 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 and Canada toll free: (877) 723-9511 or International toll: (719) 325-4910. The passcode is 8312327. The internet broadcast will be archived on the company’s website. An audio replay of the call will be available from noon today to February 27. To access the replay, dial US and Canada toll free (888) 203-1112 or International toll (719) 457-0820 and enter passcode 8312327.

DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric utility serving 2.1 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio also includes non-utility energy businesses focused on power and industrial projects, natural gas pipelines, gathering and storage, and energy marketing and trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.

¹Disclaimer: DTE Energy received the highest numerical score in the Midwest in the proprietary J.D. Power 2014 Gas Utility Residential Customer Satisfaction Study^SM (large providers) and 2015 Gas Utility Business Customer Satisfaction Study^SM. Business based on 9,243 online interviews ranking 20 Midwest providers. Residential based on 69,806 online interviews ranking 17 large Midwest providers. Proprietary study results are based on experiences and perceptions of residential customers surveyed 9/13-12/14 and businesses surveyed 4/14-7/14 and 8/14-12/14. Your experiences may vary. Visit jdpower.com. Geographic area of use: Midwestern U.S. (CO, IL, IN, IA, KS, KY, MI, MN, MS, NB, OH, ND, SD, WI) and www.dteenergy.com and DTE social media sites.

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 2015 operating earnings guidance. It is likely that certain items that impact the company's 2015 reported results will be excluded from operating results. Reconciliations to the comparable 2015 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,” “aspiration” 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, CFTC, EPA 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, including legislative amendments and retail access programs; economic conditions and population changes in our geographic area resulting in changes in demand, customer conservation and increased thefts of electricity and natural gas; environmental issues, laws, regulations, and the increased 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; the potential for losses on investments, including nuclear decommissioning and benefit plan assets and the related increases in future expense and contributions; volatility in the short-term natural gas storage markets impacting third-party storage revenues; volatility in commodity markets, deviations in weather and related risks impacting the results of our energy trading operations; 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 increased costs or delays in completion of significant construction projects; 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; contract disputes, 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 speak 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 release should also be read in conjunction with the “Forward-Looking Statements” sections in each of DTE Energy’s and DTE Electric’s 2014 Forms 10-K (which sections are incorporated herein by reference), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric.

# # #

For further information, members of the media may call:

Scott Simons(313) 235-8808

Alejandro Bodipo-Memba(313) 235-3202

Analysts, for further information call:

Anastasia Minor (313) 235-8466

Joyce Leslie(313) 235-3209

DTE Energy Company
Consolidated Statements of Operations (Unaudited)
	Three Months Ended						Year Ended
	December 31,						December 31,
	2014			2013			2014			2013
	(In millions, except per share amounts)
Operating Revenues	$	3,078		$	2,533		$	12,301		$	9,661
Operating Expenses
Fuel, purchased power and gas	1,329			1,124			5,879			4,055
Operation and maintenance	835			810			3,347			2,978
Depreciation, depletion and amortization	290			283			1,145			1,094
Taxes other than income	84			78			352			340
Asset (gains) losses and impairments, net	(2		)	(3		)	(12		)	(9		)
	2,536			2,292			10,711			8,458
Operating Income	542			241			1,590			1,203
Other (Income) and Deductions
Interest expense	106			109			429			436
Interest income	(3		)	(2		)	(10		)	(9		)
Other income	(60		)	(53		)	(196		)	(201		)
Other expenses	63			32			92			55
	106			86			315			281
Income Before Income Taxes	436			155			1,275			922
Income Tax Expense	135			29			364			254
Net Income	301			126			911			668
Less: Net Income Attributable to Noncontrolling Interests	2			2			6			7
Net Income Attributable to DTE Energy Company	$	299		$	124		$	905		$	661
Basic Earnings per Common Share
Income from continuing operations	$	1.68		$	0.70		$	5.11		$	3.76
Diluted Earnings per Common Share
Income from continuing operations	$	1.68		$	0.70		$	5.10		$	3.76
Weighted Average Common Shares Outstanding
Basic	177			177			177			175
Diluted	177			177			177			175
Dividends Declared per Common Share	$	0.69		$	0.66		$	2.69		$	2.59

DTE Energy Company
Segment Net Income (Unaudited)
	Three Months Ended December 31,
	2014										2013
(in Millions)	Reported Earnings			Adjustments				Operating Earnings			Reported Earnings			Adjustments			Operating Earnings
DTE Electric	$	128		$	—			$	128		$	101		$	—		$	101
DTE Gas	31			—				31			52			—			52
Non-utility Operations
Gas Storage and Pipelines	23			—				23			21			—			21
Power and Industrial Projects	24			—				24			20			—			20
Energy Trading	116			(97		)	A	19			(57		)	55		A	(2		)
Total Non-utility operations	163			(97		)		66			(16		)	55			39
Corporate and Other	(23		)	5			B	(18		)	(13		)	—			(13		)
Net Income Attributable to DTE Energy Company	$	299		$	(92	)		$	207		$	124		$	55		$	179
Adjustments key
A) Certain mark to market adjustments
B) Asset impairment

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)
	Three Months Ended December 31,
	2014										2013
	Reported Earnings			Adjustments				Operating Earnings			Reported Earnings			Adjustments			Operating Earnings
DTE Electric	$	0.72		$	—			$	0.72		$	0.57		$	—		$	0.57
DTE Gas	0.17			—				0.17			0.29			—			0.29
Non-utility Operations
Gas Storage and Pipelines	0.13			—				0.13			0.12			—			0.12
Power and Industrial Projects	0.14			—				0.14			0.11			—			0.11
Energy Trading	0.65			(0.54		)	A	0.11			(0.32		)	0.31		A	(0.01		)
Total Non-utility operations	0.92			(0.54		)		0.38			(0.09		)	0.31			0.22
Corporate and Other	(0.13		)	0.03			B	(0.10		)	(0.07		)	—			(0.07		)
Net Income Attributable to DTE Energy Company	$	1.68		$	(0.51	)		$	1.17		$	0.70		$	0.31		$	1.01
Adjustments key
A) Certain mark to market adjustments
B) Asset impairment

DTE Energy Company
Segment Net Income (Unaudited)
	Year Ended December 31,
	2014										2013
(in Millions)	Reported Earnings			Adjustments				Operating Earnings			Reported Earnings			Adjustments			Operating Earnings
DTE Electric	$	528		$	—			$	528		$	484		$	—		$	484
DTE Gas	140			—				140			143			—			143
Non-utility Operations
Gas Storage and Pipelines	82			—				82			70			—			70
Power and Industrial Projects	90			—				90			66			4		C	70
Energy Trading	122			(102		)	A	20			(58		)	55		A	(3		)
Total Non-utility operations	294			(102		)		192			78			59			137
Corporate and Other	(57		)	8			B	(44		)	(44		)	—			(44		)
				5			C
Net Income Attributable to DTE Energy Company	$	905		$	(89	)		$	816		$	661		$	59		$	720
Adjustments key
A) Certain mark to market adjustments
B) New York state tax law change
C) Asset impairment

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)
	Year Ended December 31,
	2014										2013
	Reported Earnings			Adjustments				Operating Earnings			Reported Earnings			Adjustments			Operating Earnings
DTE Electric	$	2.98		$	—			$	2.98		$	2.76		$	—		$	2.76
DTE Gas	0.79			—				0.79			0.80			—			0.80
Non-utility Operations
Gas Storage and Pipelines	0.46			—				0.46			0.40			—			0.40
Power and Industrial Projects	0.51			—				0.51			0.38			0.02		C	0.40
Energy Trading	0.69			(0.57		)	A	0.12			(0.33		)	0.31		A	(0.02		)
Total Non-utility operations	1.66			(0.57		)		1.09			0.45			0.33			0.78
Corporate and Other	(0.33		)	0.04			B	(0.26		)	(0.25		)	—			(0.25		)
				0.03			C
Net Income Attributable to DTE Energy Company	$	5.10		$	(0.50	)		$	4.60		$	3.76		$	0.33		$	4.09
Adjustments key
A) Certain mark to market adjustments
B) New York state tax law change
C) Asset impairment

EX-99.2

EXHIBIT 99.2

Sales Analysis - 4Q 2014

Electric Sales - DTE Electric Service Area (GWh)					Electric Billings - DTE Electric Service Area (000s)
	4Q 2014	4Q 2013	% Change			4Q 2014		4Q 2013		% Change
Residential	3,578	3,673	(3	)%	Residential	$	514,191	$	566,727	(9	)%
Commercial	4,035	4,076	(1	)%	Commercial	421,940		455,874		(7	)%
Industrial	2,434	2,557	(5	)%	Industrial	179,828		197,806		(9	)%
Other	78	241	(68	)%	Other	15,733		26,552		(41	)%
	10,125	10,547	(4	)%		$	1,131,692	$	1,246,959	(9	)%
Choice	1,195	1,260	(5	)%	Choice	21,218		23,704		(10	)%
TOTAL SALES	11,320	11,807	(4	)%	TOTAL BILLINGS	$	1,152,910	$	1,270,663	(9	)%

Gas Sales - DTE Gas Service Area (MMcf)					Gas Billings - DTE Gas Service Area (000s)
	4Q 2014	4Q 2013	% Change			4Q 2014		4Q 2013		% Change
Residential	32,136	33,756	(5	)%	Residential	$	284,395	$	273,728	(100	)%
Commercial	7,466	7,441	—	%	Commercial	64,044		58,572		(100	)%
Industrial	168	160	5	%	Industrial	1,329		1,163		(100	)%
	39,770	41,357	(4	)%		$	349,768	$	333,463	(100	)%
End User Transportation*	45,170	45,791	(1	)%	End User Transportation*	61,385		62,006		(100	)%
TOTAL SALES	84,940	87,148	(3	)%	TOTAL BILLINGS	$	411,153	$	395,469	(100	)%
________________					________________
* Includes choice customers					* Includes choice customers

Weather

Cooling Degree Days				Heating Degree Days
DTE Electric service territory				DTE Gas service territory
	4Q 2014	4Q 2013	% Change		4Q 2014		4Q 2013		% Change
Actuals	—	—	—	Actuals	2,326		2,427		(4	)%
Normal	—	—	—	Normal	2,218		2,187		1	%
Deviation from normal	—	—		Deviation from normal	5	%	11	%

Earnings Impact of Weather
Variance from normal weather ($ millions, after-tax)
	4Q 2014		4Q 2013
DTE Electric	$	3	$	5
DTE Gas	4		10

Sales Analysis - YTD December 31, 2014

Electric Sales - DTE Electric Service Area (GWh)					Electric Billings - DTE Electric Service Area (000s)
	YTD 2014	YTD 2013	% Change			YTD 2014		YTD 2013		% Change
Residential	14,940	15,273	(2	)%	Residential	$	2,167,583	$	2,350,798	(8	)%
Commercial	16,792	16,661	1	%	Commercial	1,760,533		1,883,144		(7	)%
Industrial	10,199	10,303	(1	)%	Industrial	767,178		798,650		(4	)%
Other	516	942	(45	)%	Other	75,380		107,571		(30	)%
	42,447	43,179	(2	)%		$	4,770,674	$	5,140,163	(7	)%
Choice	5,033	5,200	(3	)%	Choice	91,562		96,735		(5	)%
TOTAL SALES	47,480	48,379	(2	)%	TOTAL BILLINGS	$	4,862,236	$	5,236,898	(7	)%

Gas Sales - DTE Gas Service Area (MMcf)					Gas Billings - DTE Gas Service Area (000s)
	YTD 2014	YTD 2013	% Change			YTD 2014		YTD 2013		% Change
Residential	108,799	102,176	6	%	Residential	$	938,646	$	868,176	8	%
Commercial	25,497	22,421	14	%	Commercial	212,778		186,338		14	%
Industrial	844	575	47	%	Industrial	8,885		4,254		109	%
	135,140	125,172	8	%		$	1,160,309	$	1,058,768	10	%
End User Transportation*	166,731	157,322	6	%	End User Transportation*	233,734		223,668		5	%
TOTAL SALES	301,871	282,494	7	%	TOTAL BILLINGS	$	1,394,043	$	1,282,436	9	%
________________					________________
* Includes choice customers					* Includes choice customers

Weather

Cooling Degree Days							Heating Degree Days
DTE Electric service territory							DTE Gas service territory
	YTD 2014		YTD 2013		% Change			YTD 2014		YTD 2013		% Change
Actuals	648		865		(25	)%	Actuals	7,242		6,616		9	%
Normal	803		803		—	%	Normal	6,297		6,207		1	%
Deviation from normal	(19	)%	8	%			Deviation from normal	15	%	7	%

Earnings Impact of Weather
Variance from normal weather ($ millions, after-tax)
	YTD 2014			YTD 2013
DTE Electric	$	(14	)	$	4
DTE Gas	36			17

DTE Electric Weather Normal Sales* Analysis - YTD

December 31, 2014

Weather Normal Electric Sales - DTE Electric Service Area (GWh)
	YTD 2014	YTD 2013	% Change
Residential	15,114	15,248	(1	)%
Commercial	16,838	16,682	1	%
Industrial	10,226	10,305	(1	)%
Other	517	942	(45	)%
	42,695	43,177	(1	)%
Choice	5,043	5,202	(3	)%
TOTAL SALES	47,738	48,379	(1	)%

Weather Normal Electric Sales - DTE Electric Service Area (Includes Electric Choice) (GWh)
	YTD 2014	YTD 2013	% Change
Residential	15,115	15,248	(1	)%
Commercial	19,874	19,801	—	%
Industrial	12,232	12,388	(1	)%
Other	517	942	(45	)%
TOTAL SALES	47,738	48,379	(1	)%

* Includes adjustments for temperature normalization and, beginning in 2014, customer outages due to weather

EX-99.3

February 13, 2015 Year End 2014 Earnings Conference Call EXHIBIT 99.3

Safe Harbor Statement The information contained herein is as of the date of this presentation. Many factors may impact forward-looking statements including, but not limited to, the following: impact of regulation by the FERC, MPSC, NRC, CFTC, EPA 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, including legislative amendments and Retail Access programs; economic conditions and population changes in our geographic area resulting in changes in demand, customer conservation and increased thefts of electricity and natural gas; environmental issues, laws, regulations, and the increased 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; the potential for losses on investments, including nuclear decommissioning and benefit plan assets and the related increases in future expense and contributions; volatility in the short- term natural gas storage markets impacting third-party storage revenues; volatility in commodity markets; deviations in weather and related risks impacting the results of our energy trading operations; 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 increased costs or delays in completion of significant construction projects; 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; contract disputes; 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 speak 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 DTE Electric’s 2014 Forms 10-K (which sections are incorporated herein by reference), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric. 2

• Gerry Anderson – Chairman and CEO • Peter Oleksiak – Senior Vice President and CFO • Anastasia Minor – Executive Director, Investor Relations Participants 3

• 2014 Accomplishments • Energy Policy Update • Long-Term Growth Update • Financial Update • Summary 4

5% - 6% Annual EPS Growth Attractive Dividend Strong Balance Sheet Our system of priorities is fundamental to how we create value for our investors 5

We achieved top performance across our priorities in 2014 Strengthening our distinctive continuous improvement capability • Project Management Institute named DTE one of three finalists for their global project management award • O&M expenses at 2008 levels • Utilities ranked among the top of the peer group in O&M reductions Continuous Improvement Employee Engagement Customer Satisfaction Higher employee engagement • Ranked in the top-decile in Gallup’s* employee engagement survey • Earned second Gallup Great Workplace award • Top-quartile safety results for the second year in a row • National Safety Council Survey: top 5% among 672 companies DTE’s improvement in customer satisfaction continues • DTE Gas ranked #1 in the latest J.D. Power Customer Satisfaction studies for both residential and business customers** • DTE Electric residential customer satisfaction** ranked third in peer group (top quartile) • Considerable investment to strengthen the electric system and improve reliability * Source: 2014 Gallup Overall Company Ranking ** Source: J.D. Power 2014 Gas/Electric Utility Residential Customer Satisfaction StudySM (large providers) and 2015 Gas Utility Business Customer Satisfaction StudySM 6

Financial Growth / Value DTE Energy 2014 Operating EPS* of $4.60 compared to the revised EPS guidance midpoint of $4.52 • Earned allowed ROE at electric and gas utilities • Total shareholder return** top quartile for the one, three and five year timeframes • Increased annualized dividend 5.3% to $2.76 per share Invested over $2 billion, more than double depreciation levels • $1.8 billion utility investment focused on reliability, renewables and environmental • Echo Wind Park in operation; on target to meet 10% RPS in 2015 • Fundamental progress on NEXUS Pipeline, including FERC prefiling • Expanded scope of Bluestone gathering activities • Relocated 8th REF unit with the 9th underway Political / Regulatory Constructive political and regulatory environment • Positive momentum on Michigan’s energy policy • First electric rate case in four years • Reduced average customer rates by 6% in early 2014 • Michigan spend of $900 million exceeded target for third consecutive year We achieved top performance across our priorities in 2014 (continued) * Reconciliation to GAAP reported earnings included in the appendix ** Compared to S&P 500 Utility Index 7

• 2014 Accomplishments • Energy Policy Update • Long-Term Growth Update • Financial Update • Summary 8

Michigan continues to have a constructive political and regulatory environment Governor Rick Snyder Michigan Public Service Commission John Quackenbush Chairman Term Ends: 7/2/17 Sally Talberg Commissioner Term Ends: 7/2/19 Greg White Commissioner Term Ends: 7/2/15 9

The state has experienced leadership to drive successful changes in energy policy “I am calling for the creation of an Agency on Energy… …we can all work together to come up with better policies.” From Governor Snyder’s State of the State address, January 20, 2015 10 Senator Mike Nofs Energy and Technology Committee Chair Representative Aric Nesbitt Energy Policy Committee Chair Valerie Brader Deputy Legal Counsel and Senior Policy Advisor to Governor Snyder

Federal and state policy will lead to transformation of our generation mix by replacing coal with natural gas and renewables DTE Electric Generation Output 2014 2030 Scenario* Gas / Renewables Coal Nuclear / other ~70% ~30% ~50% ~20% ~20% ~10% * Ultimate timing and mix of generation impacted by MISO capacity requirements and Michigan and EPA policies 11 EPA Policy

• 2014 Accomplishments • Energy Policy Update • Long-Term Growth Update • Financial Update • Summary 12

$4.60$4.60 $3.94 $3.75 $3.64 $3.33 $2.76 $2.62 $2.48 $2.35 $2.24 $2.12 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 $4.09 Operating EPS* 6.7% CAGR 2009 – 2014 We remain committed to our 5%-6% operating EPS* growth target (per share) Dividend per share 5.4% CAGR 2009 – 2014 (Annualized) EPS Dividend * Reconciliation to GAAP reported earnings included in the appendix Actuals Forecast 13

We will invest over $11 billion in capital projects to drive growth through 2019 (billions) ~$11.2 – $11.8 $0.6 – $0.8 $1.5 – $1.9 $1.6 $7.5 Power & Industrial Projects Gas Storage & Pipelines DTE Gas DTE Electric On-site energy, cogeneration Gathering investments, NEXUS, additional pipeline expansions Base investments, infrastructure renewal, NEXUS related Base infrastructure, new generation, environmental 14

$ * Includes ~$300 million surcharge reduction for renewable energy, power supply cost recovery (PSCR) and choice incentive mechanism implemented 1Q 2014 and net reduction of ~$300 million due to elimination of securitization surcharge and PSCR increase in 1Q 2015 As we continue to grow, we continue to focus on minimizing the customer rate impact Target annualized rate increases in low single digits 15 $ Capital Investments Cost Inflation Upward pressure Continuous Improvement Surcharge Reductions Revised Business Rates Load Growth Downward pressure DTE Electric $600 million* surcharge reductions Revised business cost of service rates 2015 general rate case DTE Gas  Infrastructure Recovery Mechanism Expansion Targeting to file rate case 2016/2017

Gas Storage & Pipelines is developing an asset portfolio with multiple growth platforms DTE Gas DTE Storage Proposed NEXUS Pipeline Marcellus Shale Bluestone Gathering System Bluestone Pipeline Utica Shale Michigan Gathering 16

The NEXUS and Vector pipelines have taken important steps forward in recent months • Open season results finalized: - Executed 15+ year transport contracts with NEXUS Gas Transmission and Rover Pipeline LLC - Contracts firm up long-term utilization of Vector and will not require mainline expansion in 2017 • Agreements executed with LDCs and several key shippers; additional discussions underway • Supplemental open season completed providing for additional receipt points and other services • Interconnect agreements reached with DTE Gas, Vector Pipeline and Texas Eastern • FERC prefiling submitted; engaged engineering and construction contractor; public outreach activities underway 17 NEXUS GAS TRANSMISSION VECTOR PIPELINE Vector Pipeline®

Gas Storage & Pipelines’ operating earnings* potential is $145 million by 2019 $70 $45 $20 $10 Storage Platform 10% – 15% CAGR Pipeline Platform** Gathering Platform New Project Development 2019E ~$145 2018E 2017E 2016E 2015E $80 - $88 2014A $82 2013A $70 (millions) * Reconciliation to GAAP reported earnings included in the appendix ** Includes Nexus at 33% ownership $1.5 - $1.9 billion investment 2015-2019 (Other gathering and pipeline expansions) 18

Power & Industrial Projects is pursuing new opportunities in each business line in order to achieve growth aspirations • On-site energy and utility services for industrial, commercial and institutional customers • Several cogeneration projects currently under development • Wood-fired power plants and landfill gas-to-energy • Near term growth from expanded renewable output • Projects reduce emissions from coal-fired power plants • Negotiations underway on relocation of 9th unit Industrial Energy Services Renewable Energy Reduced Emissions Fuel 19

($65) $85 $70 $35 $20 2014A $90 2013A $70 Reduced Emissions Fuel Renewable Energy New Project Development / Acquisitions 2019E ~$145 2018E 2017E 2016E 2015E Industrial Energy Services Corporate allocations, interest, overheads 10% - 15% CAGR (millions) * Reconciliation to GAAP reported earnings included in the appendix Power & Industrial Projects is targeting $145 million of operating earnings* by 2019 through growth in each business line $600 - $800 million investment 2015-2019 $90 - $100 20

• 2014 Accomplishments • Energy Policy Update • Long-Term Growth Update • Financial Update • Summary 21

DTE Energy 2014 Operating Earnings* Variance * Reconciliation to GAAP reported earnings included in the appendix ** Total DTE Energy excluding Energy Trading Drivers (millions, except EPS) 2014 Change 2013 DTE Electric • Revenue decoupling mechanism amortization and lower O&M DTE Gas • Colder winter weather offset by higher O&M Non-Utility • Gas Storage & Pipelines driven by higher pipeline and gathering earnings, partially offset by accounting change • Power & Industrial Projects higher primarily due to Reduced Emissions Fuel earnings Energy Trading • Recognition of stronger economic performance DTE Electric 484$ 528$ 44$ DTE Gas 143 140 (3) Gas Storage & Pipelines 70 82 12 Power & Industrial Projects 70 90 20 Corporate & Other (44) (44) - Growth segments** 723$ 796$ 73$ Growth segments operating EPS 4.11$ 4.48$ 0.37$ Energy Trading (3)$ 20$ 23$ DTE Energy 720$ 816$ 96$ Operating EPS 4.09$ 4.60$ 0.51$ Avg. Shares Outstanding 175 177 22

We are raising our 2015 operating EPS* guidance from our previous early outlook * Reconciliation to GAAP reported earnings included in the appendix ** Total DTE Energy excluding Energy Trading Drivers (millions, except EPS) 2015 Early Outlook 2015 Guidance 2014 Actuals* DTE Electric $528 $554 - $570 $554 - $570 DTE Gas 140 128 - 134 128 - 134 Gas Storage & Pipelines 82 79 - 87 80 - 88 Power & Industrial Projects 90 85 - 95 90 - 100 Corporate & Other (44) (51) - (47) (50) - (46) Growth segments** $796 $795 - $839 $802 - $846 Growth segments operating EPS $4.48 $4.43 - $4.67 $4.48 - $4.72 Energy Trading $20 $0 $0 DTE Energy $816 $795 - $839 $802 - $846 Operating EPS $4.60 $4.43 - $4.67 $4.48 - $4.72 Avg. Shares Outstanding 177 179 179   Gas Storage & Pipelines • Higher pipeline earnings Power & Industrial Projects • Stronger renewables performance 23 • Lower share issuance

* Reconciliation to GAAP reported earnings included in the appendix $0.04 $0.20 +5.5% 2015 Growth Segments Operating EPS* Guidance Midpoint $4.60 Non-Utility Performance Utility Performance Weather ($0.12) 2014 Growth Segment Operating EPS* $4.48 Growth segments provide 5.5% EPS growth with normal weather (per share) 24

2013 2014 Cash From Operations* $2.2 $1.8 Capital Spending (1.9) (2.1) Free Cash Flow $0.3 ($0.3) Asset Sales - - Dividends (0.4) (0.5) Net Cash ($0.1) ($0.8) Debt Financing: Issuances $1.2 $2.0 Redemptions (1.1) (1.2) Change in Debt $0.1 $0.8 DTE Energy 2014 Cash Flow Actuals • Cash from operations decreased due to lower surcharge collections and higher purchased power costs at DTE Electric • Capital expenditures higher primarily due to increased investment at DTE Electric (billions) Drivers Cash Flow Summary 25 * Includes ~$0.3 billion of equity issued for employee benefit programs in 2013

2014 2015 Actual Guidance Cash From Operations $1.8 $1.7 Capital Spending (2.1) (2.6) Free Cash Flow ($0.3) ($0.9) Asset Sales & Other - 0.1 Dividends (0.5) (0.5) Net Cash ($0.8) ($1.3) Debt Financing: Issuances $2.0 $1.6 Redemptions (1.2) (0.3) Change in Debt $0.8 $1.3 DTE Energy 2015 Cash Flow Guidance Drivers • Cash from operations decreases due to elimination of securitization bond surcharge at DTE Electric • Capital expenditures are higher due to increased generation and infrastructure investment at the utilities and growth projects at the non-utilities (billions) Cash Flow Summary 26

Leverage* 49% 51% 23% 25% Strong balance sheet remains a key priority and supports growth * Debt excludes securitization, a portion of DTE Gas’ short-term debt, and considers 50% of the Junior Subordinated Notes as equity Funds from Operations** / Debt* Target 50% - 53% Target 20% - 22% 5 • Achieved target of zero equity issuance in 2014 – Targeting $200 million of equity issuance in 2015 and $800 - $900 million 2015 - 2017 • $1.5 billion of available liquidity as of December 31, 2014 • Refinanced over $1 billion of debt in 2014 – Reduced interest expense by more than $100 million since 2010 2015E 53% 2014 51% 2015E 21% 2014 25% ** Funds from Operations (FFO) is calculated using operating earnings 27

• 2014 Accomplishments • Energy Policy Update • Long-Term Growth Update • Financial Update • Summary 28

Summary • Exceeded our operating EPS* growth target with historical growth of nearly 7% • Targeting 5% to 6% operating EPS* growth ‒ 2015 growth segment guidance midpoint of $4.60 provides 5.5% EPS growth over 2014, with normal weather ‒ Grow dividends in line with earnings • Meaningful investment opportunities drive continued growth at the non-utility businesses • Utility distribution investments and generation replacement are key growth drivers • Constructive state policy, coupled with a focus on operational excellence and strong customer satisfaction provide a foundational basis for utility investment * Reconciliation to GAAP reported earnings included in the appendix 29

Contact Us DTE Energy Investor Relations www.dteenergy.com/investors (313) 235-8030 30 Credit Suisse Energy Summit presentation is February 25 at 10:25 AM MT with Peter Oleksiak – Senior Vice President and CFO Webcast access: www.dteenergy.com/investors

Appendix

DTE Energy 2014 Operating Earnings Per Share* Gas Storage & Pipelines $0.46 Power & Industrial Projects $0.51 * Reconciliation to GAAP reported earnings included in the appendix Energy Trading $0.12 Corporate & Other ($0.26) DTE Gas $0.79 Non-Utility $1.09 DTE Electric $2.98 $4.60 32

DTE Electric Variance Analysis * Reconciliation to GAAP reported earnings included in the appendix Drivers • Cooler than normal weather in 2014 Variance to normal weather - 2013: $4 - 2014: ($14) • Revenue decoupling mechanism (RDM) amortization supports rate base growth (property taxes and depreciation) • Lower benefits expense due to plan design changes • Lean/reinvestment, partially offset by storm and other O&M expenses $484 $528$17 $41 $27 Benefits Rate Base ($23) RDM / Other margin Weather ($18) 2013 Operating Earnings O&M/ Other 2014 Operating Earnings Operating Earnings* Variance (millions) 33

* Reconciliation to GAAP reported earnings included in the appendix $140$143 $19 ($12) O&M Weather 2014 Operating Earnings ($5) Other Reinvest ($5) 2013 Operating Earnings DTE Gas Variance Analysis • Colder than normal weather in 2014 Variance to normal weather - 2013: $17 - 2014: $36 • Higher O&M primarily driven by system repairs due to weather • Other includes higher depreciation and property tax expense (millions) Drivers Operating Earnings* Variance 34

DTE Gas • Filed expanded Infrastructure Recovery Mechanism (IRM) 2015 • Filed cost of service rates and general rate case DTE Electric 2014 2016+ • Revised business cost of service rates 2Q • Self implement general rates 3Q • Final rate order 4Q • Periodic rate cases • IRM review and ruling • Begin expanded IRM 1Q 2016 • Expect rate case filing 2016/2017 35 Utility regulatory timeline

DTE Energy 2015 Capital Expenditure Guidance 2014 2015 Actual Guidance DTE Electric Operational $1,187 $1,270 Environmental 169 100 Renewable Energy / New Generation 205 450 $1,561 $1,820 DTE Gas Operational $143 $200Main Renewal / Meter Move-out / Pipeline Integrity 81 80 $224 $280 $309 $400 - $500 Total $2,094 $2,500 - $2,600 Non-Utility • DTE Electric capital higher due to increased generation and reliability investment • DTE Gas capital spending higher due to increased base capital investment • Non-utility range reflects potential variability in growth capital spending (millions) Capital Expenditures Summary Drivers DTE Energy 2015 Capital Expenditure Guidance 36

Gas Storage & Pipelines assets have expansion opportunities to accommodate increased demand Pipeline Assets Capacity Bcf/ d In-Service Millennium Pipeline 0.8 Future Expansion (planning phase) 0.2 - 0.5 2017 + Total Planned Capacity 1.0 - 1.3 Bluestone Pipeline (bi-directional)* 0.8 Expansion #2 0.1 2Q 2015 Expansion #3 0.1 2Q 2016 Total Planned Capacity 1.0 Vector Pipeline** 1.3 Proposed NEXUS Pipeline 1.5 2017 * Includes 0.2 Bcf expansion which was completed in 2014 37 ** Expiring capacity fully recontracted through Q4 2014 open season process

(millions, after-tax) Operating Earnings* $61 • Economic net income equals economic gross margin*** minus O&M expenses and taxes • DTE Energy management uses economic net income as one of the performance measures for external communications with analysts and investors • Internally, DTE Energy uses economic net income as one of the measures to review performance against financial targets and budget * Reconciliation to GAAP reported earnings included in the appendix *** Economic gross margin is the change in net fair value of realized and unrealized purchase and sale contracts including certain non derivative contract costs Realized Unrealized O&M / Other DTE Energy Trading Reconciliation of Operating Earnings* to Economic Net Income ** Consists of 1) the income statement effect of not recognizing changes in the fair market value of certain non-derivative contracts including physical inventory and capacity contracts for transportation, transmission and storage. These contracts are not MTM, instead are recognized for accounting purposes on an accrual basis; and 2) Operating Adjustments for unrealized mark-to-market changes of certain derivative contracts primarily in our Gas Structured strategy $57 $20 $37 Accounting Adjustments** 2014 Operating Earnings* 2014 Economic Net Income 2013 2014 $70 2 (51) (52) ($3) $20 $21 ($3) 2013 Economic Net Income Accounting Adjustments** $24 2013 Operating Earnings* (13) (millions) 38

2014 DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 528$ 140$ 82$ 90$ (57)$ 783$ 122$ 905$ Investment impairment - - - - 5 5 - 5 NY state tax law change - - - - 8 8 - 8 Certain mark-to-market transactions - - - - - - (102) (102) Operating Earnings 528$ 140$ 82$ 90$ (44)$ 796$ 20$ 816$ Net Income (millions) 2014 DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 2.98$ 0.79$ 0.46$ 0.51$ (0.33)$ 4.41$ 0.69$ 5.10$ Investment impairment - - - - 0.03 0.03 - 0.03 NY state tax law change - - - - 0.04 0.04 - 0.04 Certain mark-to-market transactions - - - - - - (0.57) (0.57) Operating Earnings 2.98$ 0.79$ 0.46$ 0.51$ (0.26)$ 4.48$ 0.12$ 4.60$ EPS 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. Operating earnings are presented both with and without Energy Trading. The term “Growth Segments” refers to DTE Energy without Energy Trading and represents the business segments that management expects to g nerate earnings growth going forward. 2014 Reconciliation of Reported to Operating Earnings 39

2013 DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 484$ 143$ 70$ 66$ (44)$ 719$ (58)$ 661$ Asset impairment - - - 4 - 4 - 4 Certain mark-to-market transactions - - - - - - 55 55 Operating Earnings 484$ 143$ 70$ 70$ (44)$ 723$ (3)$ 720$ Net Income (millions) 2013 DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 2.76$ 0.80$ 0.40$ 0.38$ (0.25)$ 4.09$ (0.33)$ 3.76$ Asset impairment - - - 0.02 - 0.02 - 0.02 Certain mark-to-market transactions - - - - - - 0.31 0.31 Operating Earnings 2.76$ 0.80$ 0.40$ 0.40$ (0.25)$ 4.11$ (0.02)$ 4.09$ EPS 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. Operating earnings are presented both with and without Energy Trading. The term “Growth Segments” refers to DTE Energy without Energy Trading and represents the business segments that management expects to generate earnings growth going forward. 2013 Reconciliation of Reported to Operating Earnings 40

2009 – 2014 Full Year Reconciliation of Reported to Operating Earnings 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. 2009 2010 2011 2012 2013 2014 2009 2010 2011 2012 2013 2014 DTE Energy Report Earnings 532$ 630$ 711$ 610$ 661$ 905$ 3.24$ 3.74$ 4.18$ 3.55$ 3.76$ 5.10$ DTE Electric Chrysler bad debt 4 - - - - - 0.02 - - - - - Settlement with Detroit Thermal - (3) - - - - - (0.02) - - - - Fermi 1 asset retirement obligation - - 9 - - - - - 0.05 - - - DTE Gas Performance excellence process - (20) - - - - - (0.12) - - - - Gas Storage & Pipelines - - - - - - - - - - - - Power & Industrial Projects Chrysler bad debt 1 - - - - - 0.01 - - - - - General Motors bad debt 3 - - - - - 0.02 - - - - - Coke oven gas settlement - - - 7 - - - - - 0.04 - - Chicago Fuels terminal sale - - - 2 - - - - - 0.01 - - Pet coke mill impairment - - - 1 - - - - - 0.01 - - Asset impairment - - - - 4 - - - - - 0.02 - Energy Trading Certain mark-to-market transactions - - - - 55 (102) - - - - 0.31 (0.57) Corporate & Other Antrim hedge 3 - - - - - 0.01 - - - - - Michigan corporate income tax adj. - - (87) - - - - - (0.50) - - - Investment impairment - - - - - 5 - - - - - 0.03 NY state tax law change - - - - - 8 - - - - - 0.04 Unconventional Gas Discontinued operations 6 8 3 56 - - 0.03 0.04 0.02 0.33 - - DTE Energy Operating Earnings 549$ 615$ 636$ 676$ 720$ 816$ 3.33$ 3.64$ 3.75$ 3.94$ 4.09$ 4.60$ 41

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 presentation, DTE Energy provides guidance for future period operating earnings. It is likely that certain items that impact the company’s future period reported results will be excluded from operating results. A reconciliation to the comparable future period reported earnings is 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. For comparative purposes, 2009 through 2012 operating earnings exclude the Unconventional Gas Production segment that was classified as a discontinued operation on 12/31/2012. Reconciliation of Other Reported to Operating Earnings 42