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): October 29, 2010

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

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 October 29, 2010, announcing financial results for the quarter ended September 30, 2010. 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.

Item 7.01. Regulation FD Disclosure.

DTE Energy Company is furnishing the SEC with its slide presentation issued October 29, 2010. A copy of the slide presentation is furnished as Exhibit 99.3 and incorporated herein by reference.

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 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 October 29, 2010.
99.2	Financial Information Distributed for Media and Investor Relations Communications dated October 29, 2010.
99.3	Slide Presentation of DTE Energy Company dated October 29, 2010.

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) 2009 Form 10-K and 2010 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: October 29, 2010

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 October 29, 2010.
	99.2	Financial Information Distributed for Media and Investor Relations Communications dated October 29, 2010.
	99.3	Slide Presentation of DTE Energy Company dated October 29, 2010.

EX-99.1

Exhibit 99.1

October 29, 2010

DTE Energy reports third quarter 2010 results; tightens 2010 earnings guidance

DETROIT — DTE Energy (NYSE:DTE) today reported third quarter 2010 earnings of $163 million, or $0.96 per diluted share, compared with $151 million, or $0.92 per diluted share, in the third quarter of 2009.

Operating earnings for the third quarter 2010 were $163 million, or $0.96 per diluted share, compared with third quarter 2009 operating earnings of $150 million, or $0.91 per diluted share. Operating earnings exclude non-recurring items, certain timing-related items and discontinued operations. Reconciliations of reported earnings to operating earnings are at the end of this news release.

Reported earnings for the nine months ended September 30, 2010 were $478 million or $2.84 per diluted share, versus $412 million or $2.51 per diluted share in 2009. Year-to-date September 30, 2010 operating earnings were $458 million or $2.72 per diluted share, compared with $420 million or $2.57 per diluted share in 2009.

“DTE Energy remains focused on improving our customer service and providing reliable energy to our customers,” said Gerard M. Anderson, DTE Energy president and CEO. “Our entire employee base recognizes the hardships that many of our customers are currently facing in Michigan, and are committed to find ways to improve the quality and lower the cost of services we provide. DTE is also continuing to reach out to the community to help customers manage their energy bills through energy efficiency and payment assistance programs.”

Third quarter 2010 operating earnings results, by segment:

Utilities

Electric Utility: Operating earnings for Detroit Edison were $0.97 per diluted share versus $0.91 in 2009. The variance was driven by weather-normal sales in 2010 due to decoupling compared to colder than normal weather in 2009, partially offset by a favorable 2009 property tax settlement.

Gas Utility: MichCon had a seasonal operating loss of $0.04 per diluted share, compared with an operating loss of $0.14 per diluted share in 2009. The quarter-over-quarter variance is primarily due to a June 2010 rate order.

Non-Utilities

Gas Storage and Pipelines: Operating earnings of $0.07 per diluted share were slightly less than 2009 operating earnings of $0.08 per diluted share.

Unconventional Gas Production: This segment had an operating loss of $0.02 per diluted share, compared to third quarter 2009 operating loss of $0.01 per diluted share.

Power and Industrial Projects: Operating earnings were $0.15 per diluted share, compared with operating earnings of $0.04 per diluted share in 2009. The quarter-over-quarter increase was primarily driven by higher coke sales and steel industry fuels production tax credits in 2010.

Energy Trading: Energy Trading had an operating loss of $0.07 per diluted share versus operating earnings of $0.04 per diluted share in the third quarter of 2009, primary driven by lower economic performance.

Corporate and Other: The Corporate and Other segment had an operating loss of $0.10 per diluted share compared to an operating loss of $0.01 per diluted share in the third quarter of 2009. One-time tax benefits in 2009 were the primary reasons for the variance.

Outlook for 2010

DTE Energy narrowed its 2010 operating earnings guidance to $3.50 to $3.70 per diluted share, within its previously announced guidance range of $3.45 to $3.80 per diluted share.

“Based on our year-to-date performance and our outlook for the fourth quarter, we are able to provide a tighter earnings guidance range for the full year,” said David E. Meador, DTE Energy executive vice president and chief financial officer. “We continue to look for opportunities to make our systems and processes more operationally and cost efficient in order to provide the most value to our customers and shareholders.”

Conference call and webcast information

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 10:00 a.m. EDT Friday, October 29, to discuss third quarter earnings results. Investors, the news media and the public may listen to a live internet broadcast of the meeting at www.dteenergy.com. The telephone dial-in numbers are (866) 431-2040 or (719) 325-2363. There is no passcode. The internet broadcast will be archived on the company’s website. An audio replay of the call will be available from 1 p.m. October 29 to November 12. To access the replay, dial (888) 203-1112 or (719) 457-0820 and enter passcode 6525475.

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 2010 operating earnings guidance. It is likely that certain items that impact the company’s 2010 reported results will be excluded from operating results. Reconciliations to the comparable 2010 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: economic conditions resulting in changes in demand, customer conservation and increased thefts of electricity and gas; changes in the economic and financial viability of our customers, suppliers, and trading counterparties, and the continued ability of such parties to perform their obligations to the Company; economic climate and population growth or decline in the geographic areas where we do business; high levels of uncollectible accounts receivable; access to capital markets and capital market conditions 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 effects of weather and other natural phenomena on operations and sales to customers, and purchases from suppliers; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements that include or could include carbon and more stringent mercury emission controls, a renewable portfolio standard, energy efficiency mandates, a carbon tax or cap and trade structure and ash landfill regulations; nuclear regulations and operations associated with nuclear facilities; impact of electric and gas utility restructuring in Michigan, including legislative amendments and Customer Choice programs; employee relations and the impact of collective bargaining agreements; unplanned outages; 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; cost reduction efforts and the maximization of plant and distribution system performance; the effects of competition; the uncertainties of successful exploration of gas shale resources and challenges in estimating gas reserves with certainty; impact of regulation by the FERC, MPSC, NRC and other applicable governmental proceedings and regulations, including any associated impact on rate structures; 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 amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals or new legislation; the cost of protecting assets against, or damage due to, terrorism or cyber attacks; the availability, cost, coverage and terms of insurance and stability of insurance providers; 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; and binding arbitration, litigation and related appeals. 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 press release should also be read in conjunction with the “Forward-Looking Statements” section in each of DTE Energy’s and Detroit Edison’s 2009 Forms 10-K and 2010 Forms 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 contact:
Scott Simons (313) 235-8808
Len Singer (313) 235-8809

Analysts — for further information:

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

DTE Energy Company
Consolidated Statements of Operations (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30						September 30
(in Millions, Except per Share Amounts)	2010			2009			2010			2009
Operating Revenues	$	2,139		$	1,950		$	6,384		$	5,893
Operating Expenses
Fuel, purchased power and gas		763			735			2,366			2,272
Operation and maintenance		649			554			1,898			1,740
Depreciation, depletion and amortization		271			266			775			738
Taxes other than income		69			63			231			204
Other asset (gains) and losses, reserves and impairments, net		1			—			—			(3	)
		1,753			1,618			5,270			4,951
Operating Income		386			332			1,114			942
Other (Income) and Deductions
Interest expense		142			143			418			409
Interest income		(3	)		(11	)		(9	)		(17	)
Other income		(20	)		(28	)		(62	)		(74	)
Other expenses		9			8			32			17
		128			112			379			335
Income Before Income Taxes		258			220			735			607
Income Tax Provision		92			69			252			193
Net Income		166			151			483			414
Less: Net Income Attributable to Noncontrolling Interests		3			—			5			2
Net Income Attributable to DTE Energy Company		163			151			478			412
Basic Earnings per Common Share
Net Income Attributable to DTE Energy Company	$	0.97		$	0.92		$	2.85		$	2.51
Diluted Earnings per Common Share
Net Income Attributable to DTE Energy Company	$	0.96		$	0.92		$	2.84		$	2.51
Weighted Average Common Shares Outstanding
Basic		169			165			168			164
Diluted		170			165			168			164
Dividends Declared per Common Share	$	0.56		$	0.53		$	1.62		$	1.59

DTE Energy Company
Segment Net Income (Unaudited)

	Three Months Ended September 30
	2010								2009
	Reported					Operating			Reported						Operating
(in Millions)	Earnings			Adjustments		Earnings			Earnings			Adjustments			Earnings
Electric Utility	$	165		$	—	$	165		$	149		$	—		$	149
Gas Utility		(6	)		—		(6	)		(23	)		—			(23	)
Non-utility Operations
Gas Storage and Pipelines		12			—		12			13			—			13
Unconventional Gas Production		(4	)		—		(4	)		(2	)		—			(2	)
Power and Industrial Projects		26			—		26			10			(1	)A		9
Energy Trading		(12	)		—		(12	)		6			—			6
Total Non-utility operations		22			—		22			27			(1	)		26
Corporate and Other		(18	)		—		(18	)		(2	)		—			(2	)
Net Income Attributable to DTE Energy Company	$	163		$	—	$	163		$	151		$	(1	)	$	150

Adjustments key

A) General Motors accounts receivable bad debt reserve.

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)

	Three Months Ended September 30
	2010								2009
	Reported					Operating			Reported						Operating
	Earnings			Adjustments		Earnings			Earnings			Adjustments			Earnings
Electric Utility	$	0.97		$	—	$	0.97		$	0.91		$	—		$	0.91
Gas Utility		(0.04	)		—		(0.04	)		(0.14	)		—			(0.14	)
Non-utility Operations
Gas Storage and Pipelines		0.07			—		0.07			0.08			—			0.08
Unconventional Gas Production		(0.02	)		—		(0.02	)		(0.01	)		—			(0.01	)
Power and Industrial Projects		0.15			—		0.15			0.05			(0.01	)A		0.04
Energy Trading		(0.07	)		—		(0.07	)		0.04			—			0.04
Total Non-utility operations		0.13			—		0.13			0.16			(0.01	)		0.15
Corporate and Other		(0.10	)		—		(0.10	)		(0.01	)		—			(0.01	)
Net Income Attributable to DTE Energy Company	$	0.96		$	—	$	0.96		$	0.92		$	(0.01	)	$	0.91

Adjustments key

A) General Motors account receivable bad debt reserve.

DTE Energy Company
Segment Net Income (Unaudited)

	Nine Months Ended September 30
	2010									2009
	Reported						Operating			Reported						Operating
(in Millions)	Earnings			Adjustments			Earnings			Earnings			Adjustments			Earnings
Electric Utility	$	343		$	—		$	343		$	306		$	4	B	$	310
Gas Utility		92			(20	)A		72			23			—			23
Non-utility Operations
Gas Storage and Pipelines		36			—			36			37			—			37
Unconventional Gas Production		(9	)		—			(9	)		(6	)		—			(6	)
Power and Industrial Projects		66			—			66			8			1	B		12
														3	C
Energy Trading		—			—			—			73			—			73
Total Non-utility operations		93			—			93			112			4			116
Corporate and Other		(50	)		—			(50	)		(29	)		—			(29	)
Net Income Attributable to DTE Energy Company	$	478		$	(20	)	$	458		$	412		$	8		$	420

Adjustments key

A)	Deferral of costs to achieve restructuring expenses for the Performance Excellence Process approved in the June 2010 MPSC rate order.
B)	Chrysler accounts receivable bad debt reserve.
C)	General Motors accounts receivable bad debt reserve.

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)

	Nine Months Ended September 30
	2010									2009
	Reported						Operating			Reported						Operating
	Earnings			Adjustments			Earnings			Earnings			Adjustments			Earnings
Electric Utility	$	2.04		$	—		$	2.04		$	1.87		$	0.03	B	$	1.90
Gas Utility		0.55			(0.12	)A		0.43			0.14			—			0.14
Non-utility Operations
Gas Storage and Pipelines		0.21			—			0.21			0.23			—			0.23
Unconventional Gas Production		(0.05	)		—			(0.05	)		(0.04	)		—			(0.04	)
Power and Industrial Projects		0.39			—			0.39			0.04			0.01	B		0.07
														0.02	C
Energy Trading		—			—			—			0.45			—			0.45
Total Non-utility operations		0.55			—			0.55			0.68			0.03			0.71
Corporate and Other		(0.30	)		—			(0.30	)		(0.18	)		—			(0.18	)
Net Income Attributable to DTE Energy Company	$	2.84		$	(0.12	)	$	2.72		$	2.51		$	0.06		$	2.57

Adjustments key

A)	Deferral of costs to achieve restructuring expenses for the Performance Excellence Process approved in the June 2010 MPSC rate order.
B)	Chrysler accounts receivable bad debt reserve.
C)	General Motors accounts receivable bad debt reserve.

EX-99.2

Exhibit 99.2

DTE Energy Company
Consolidated Statements of Financial Position (Unaudited)

	September 30			December 31
(in Millions)	2010			2009
ASSETS
Current Assets
Cash and cash equivalents	$	84		$	52
Restricted cash		56			84
Accounts receivable (less allowance for doubtful accounts of $222 and $262, respectively)
Customer		1,140			1,438
Other		97			217
Inventories
Fuel and gas		517			309
Materials and supplies		215			200
Deferred income taxes		150			167
Derivative assets		177			209
Other		305			201
		2,741			2,877
Investments
Nuclear decommissioning trust funds		890			817
Other		467			598
		1,357			1,415
Property
Property, plant and equipment		21,370			20,588
Less accumulated depreciation, depletion and amortization		(8,548	)		(8,157	)
		12,822			12,431
Other Assets
Goodwill		2,024			2,024
Regulatory assets		4,056			4,110
Securitized regulatory assets		767			870
Intangible assets		63			54
Notes receivable		125			113
Derivative assets		108			116
Other		203			185
		7,346			7,472
Total Assets	$	24,266		$	24,195

DTE Energy Company
Consolidated Statements of Financial Position (Unaudited)

	September 30			December 31
(in Millions, Except Shares)	2010			2009
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$	641		$	723
Accrued interest		135			114
Dividends payable		95			88
Short-term borrowings		20			327
Current portion long-term debt, including capital leases		923			671
Derivative liabilities		167			220
Other		532			502
		2,513			2,645
Long-Term Debt (net of current portion)
Mortgage bonds, notes and other		6,099			6,237
Securitization bonds		643			793
Trust preferred-linked securities		289			289
Capital lease obligations		43			51
		7,074			7,370
Other Liabilities
Deferred income taxes		2,307			2,096
Regulatory liabilities		1,378			1,337
Asset retirement obligations		1,499			1,420
Unamortized investment tax credit		78			85
Derivative liabilities		154			198
Liabilities from transportation and storage contracts		86			96
Accrued pension liability		700			881
Accrued postretirement liability		1,318			1,287
Nuclear decommissioning		147			136
Other		323			328
		7,990			7,864
Commitments and Contingencies
Equity
Common stock, without par value, 400,000,000 shares authorized, 169,117,259 and 165,400,045 shares issued and outstanding, respectively		3,422			3,257
Retained earnings		3,374			3,168
Accumulated other comprehensive loss		(150	)		(147	)
Total DTE Energy Company Equity		6,646			6,278
Noncontrolling interests		43			38
Total Equity		6,689			6,316
Total Liabilities and Equity	$	24,266		$	24,195

DTE Energy Company
Consolidated Statements of Cash Flows (Unaudited)

	Nine Months Ended
	September 30
(in Millions)	2010			2009
Operating Activities
Net income	$	483		$	414
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization		775			738
Deferred income taxes		173			141
Other asset (gains), losses and reserves, net		5			4
Changes in assets and liabilities, exclusive of changes shown separately		73			377
Net cash from operating activities		1,509			1,674
Investing Activities
Plant and equipment expenditures — utility		(743	)		(772	)
Plant and equipment expenditures — non-utility		(75	)		(47	)
Proceeds from sale of other assets, net		28			35
Restricted cash for debt redemption		33			58
Proceeds from sale of nuclear decommissioning trust fund assets		179			237
Investment in nuclear decommissioning trust funds		(204	)		(251	)
Consolidation of VIEs		19			—
Investment in Millennium Pipeline Project		(49	)		(15	)
Other		(22	)		(40	)
Net cash used for investing activities		(834	)		(795	)
Financing Activities
Issuance of long-term debt		595			363
Redemption of long-term debt		(660	)		(420	)
Short-term borrowings, net		(307	)		(539	)
Issuance of common stock		26			27
Dividends on common stock		(265	)		(260	)
Other		(32	)		(53	)
Net cash used for financing activities		(643	)		(882	)
Net Increase (Decrease) in Cash and Cash Equivalents		32			(3	)
Cash and Cash Equivalents at Beginning of Period		52			86
Cash and Cash Equivalents at End of Period	$	84		$	83

The Detroit Edison Company
Consolidated Statements of Operations (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30						September 30
(in Millions)	2010			2009			2010			2009
Operating Revenues	$	1,444		$	1,289		$	3,798		$	3,515
Operating Expenses
Fuel and purchased power		484			400			1,217			1,112
Operation and maintenance		325			306			960			928
Depreciation and amortization		230			222			644			607
Taxes other than income		54			43			180			147
Asset gains, net		—			—			(1	)		—
		1,093			971			3,000			2,794
Operating Income		351			318			798			721
Other (Income) and Deductions
Interest expense		83			82			241			245
Interest income		(1	)		—			(1	)		(1	)
Other income		(10	)		(12	)		(27	)		(29	)
Other expenses		6			5			23			5
		78			75			236			220
Income Before Income Taxes		273			243			562			501
Income Tax Provision		108			94			219			195
Net Income	$	165		$	149		$	343		$	306

MICHIGAN CONSOLIDATED GAS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended						Nine Months Ended
	September 30						September 30
(in Millions)	2010			2009			2010			2009
Operating Revenues	$	167		$	189		$	1,142		$	1,237
Operating Expenses
Cost of gas		36			67			575			706
Operation and maintenance		96			94			271			326
Depreciation and amortization		20			27			68			80
Taxes other than income		11			12			42			38
Asset gains		—			—			—			(1	)
		163			200			956			1,149
Operating Income (Loss)		4			(11	)		186			88
Other (Income) and Deductions
Interest expense		17			19			50			51
Interest income		(2	)		(2	)		(6	)		(6	)
Other income		(2	)		(1	)		(5	)		(6	)
Other expenses		—			—			3			4
		13			16			42			43
Income (Loss) Before Income Taxes		(9	)		(27	)		144			45
Income Tax Provision (Benefit)		(4	)		(8	)		51			13
Net Income (Loss)	$	(5	)	$	(19	)	$	93		$	32

DTE Energy Debt/Equity Calculation
As of September 30, 2010
($ millions)

Short-term borrowings	$	20
Current portion of long-term debt, including capital leases		923
Mortgage bonds, notes and other		6,099
Securitization bonds, excluding current portion		643
Capital lease obligations		43
MichCon short-term debt adjustment		120
less Securitization bonds, including current portion		(793	)
50% Trust preferred-linked securities		144
Total debt		7,199
50% Trust preferred-linked securities		144
Total preferred/ other		144
Equity		6,646
Total capitalization	$	13,989
Debt		51.5	%
Preferred		1.0	%
Common shareholders’ equity		47.5	%
Total		100.0	%

Sales Analysis — Q3 2010

Electric Sales — Detroit Edison Service Area (GWh)

	Q3 2010		Q3 2009		% Change
Residential		5,034		4,107		23	%
Commercial		4,730		4,805		-2	%
Industrial		2,357		2,562		-8	%
Other		798		800		0	%
		12,919		12,274		5	%
Choice		1,289		337		282	%
TOTAL SALES		14,208		12,611		13	%

Electric Revenue — Detroit Edison Service Area ($000s)

	Q3 2010		Q3 2009		% Change
Residential		653,756		517,052		26	%
Commercial		459,441		449,537		2	%
Industrial		164,850		190,103		-13	%
Other		49,605		44,629		11	%
		1,327,652		1,201,321		11	%
Choice		28,167		8,040		250	%
TOTAL REVENUES		1,355,819		1,209,361		12	%

Gas Sales — MichCon Service Area (MMcf)

	Q3 2010		Q3 2009		% Change
Residential		6,058		7,128		-15	%
Commercial		1,491		1,825		-18	%
Industrial		120		130		-8	%
		7,669		9,083		-16	%
End User Transportation*		27,691		23,525		18	%
TOTAL SALES		35,360		32,608		8	%

* Includes choice customers

Gas Revenue — MichCon Service Area ($000s)

	Q3 2010		Q3 2009		% Change
Residential		84,929		93,945		-10	%
Commercial		18,719		22,135		-15	%
Industrial		1,092		1,257		-13	%
		104,740		117,338		-11	%
End User Transportation*		29,494		24,024		23	%
TOTAL REVENUES		134,235		141,362		-5	%

* Includes choice customers

Weather

Cooling Degree Days
Detroit Edison service territory

	Q3 2010			Q3 2009			% Change
Actuals		758			421			80	%
Normal		537			537
Deviation from normal		41	%		-22	%

Heating Degree Days
MichCon service territory

	Q3 2010			Q3 2009			% Change
Actuals		136			134			1	%
Normal*		142			175
Deviation from normal		-4	%		-23	%

* Normal is 15 year weather for 2010 and 30 year weather for 2009

Earnings Impact of Weather
Variance from normal weather ($millions, after-tax)

	Q3 2010		Q3 2009
MichCon		—		(1	) Normal weather Q3 2010

Sales Analysis — YTD September 30, 2010

Electric Sales — Detroit Edison Service Area (GWh)

	YTD 2010		YTD 2009		% Change
Residential		12,301		10,992		12	%
Commercial		12,660		13,764		-8	%
Industrial		7,438		7,584		-2	%
Other		2,398		2,399		0	%
		34,797		34,739		0	%
Choice		3,675		998		268	%
TOTAL SALES		38,472		35,737		8	%

Electric Revenue — Detroit Edison Service Area ($000s)

	YTD 2010		YTD 2009		% Change
Residential		1,592,911		1,348,019		18	%
Commercial		1,239,498		1,278,592		-3	%
Industrial		499,546		570,333		-12	%
Other		140,062		131,652		6	%
		3,472,017		3,328,596		4	%
Choice		78,898		27,819		184	%
TOTAL REVENUES		3,550,915		3,356,415		6	%

Gas Sales — MichCon Service Area (MMcf)

	YTD 2010		YTD 2009		% Change
Residential		60,460		71,387		-15	%
Commercial		16,246		21,924		-26	%
Industrial		449		865		-48	%
		77,155		94,176		-18	%
End User Transportation*		100,113		86,566		16	%
TOTAL SALES		177,268		180,742		-2	%

* Includes choice customers

Gas Revenue — MichCon Service Area ($000s)

	YTD 2010		YTD 2009		% Change
Residential		693,160		740,224		-6	%
Commercial		181,127		222,727		-19	%
Industrial		4,477		7,524		-40	%
		878,764		970,475		-9	%
End User Transportation*		142,609		103,277		38	%
TOTAL REVENUES		1,021,373		1,073,752		-5	%

* Includes choice customers

Weather

Cooling Degree Days
Detroit Edison service territory

	YTD 2010			YTD 2009			% Change
Actuals		1,066			575			85	%
Normal		730			730
Deviation from normal		46	%		-21	%

Heating Degree Days
MichCon service territory

	YTD 2010			YTD 2009			% Change
Actuals		3,772			4,358			-13	%
Normal*		4,197			4,346
Deviation from normal		-10	%		0	%

* Normal is 15 year weather for 2010 and 30 year weather for 2009

Earnings Impact of Weather
Variance from normal weather ($millions, after-tax)

	YTD 2010			YTD 2009
MichCon		(11	)		1	Milder weather reduced MichCon’s earnings by $11M YTD 2010

Detroit Edison Temperature Normal Sales Analysis —
September 30, 2010

Temperature Normal Electric Sales — Detroit Edison
Service Area (GWh)

	Q3 2010		Q3 2009		% Change
Residential		4,379		4,473		-2	%
Commercial		4,524		4,902		-8	%
Industrial		2,337		2,573		-9	%
Other		798		800		0	%
		12,038		12,748		-6	%
Choice		1,245		343		263	%
TOTAL SALES		13,282		13,091		1	%

Temperature Normal Electric Sales — Detroit Edison
Service Area (GWh)

	YTD 2010		YTD 2009		% Change
Residential		11,531		11,526		0	%
Commercial		12,382		13,922		-11	%
Industrial		7,408		7,620		-3	%
Other		2,398		2,399		0	%
		33,718		35,467		-5	%
Choice		3,614		1,008		259	%
TOTAL SALES		37,332		36,475		2	%

Temperature Normal Electric Sales — Detroit Edison
Service Area (Includes Electric Choice) (GWh)

	Q3 2010		Q3 2009		% Change
Residential		4,379		4,473		-2	%
Commercial		5,407		5,211		4	%
Industrial		2,698		2,608		3	%
Other		798		800		0	%
TOTAL SALES		13,282		13,091		1	%

Temperature Normal Electric Sales — Detroit Edison
Service Area (Includes Electric Choice) (GWh)

	YTD 2010		YTD 2009		% Change
Residential		11,531		11,527		0	%
Commercial		14,743		15,001		-2	%
Industrial		8,660		7,548		15	%
Other		2,398		2,399		0	%
TOTAL SALES		37,332		36,475		2	%

EX-99.3

Exhibit 99.3

Third Quarter 2010 Earnings Conference Call October 29, 2010

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: economic conditions resulting in changes in demand, customer conservation and increased thefts of electricity and gas; changes in the economic and financial viability of our customers, suppliers, and trading counterparties, and the continued ability of such parties to perform their obligations to the Company; economic climate and population growth or decline in the geographic areas where we do business; high levels of uncollectible accounts receivable; access to capital markets and capital market conditions 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 effects of weather and other natural phenomena on operations and sales to customers, and purchases from suppliers; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements that include or could include carbon and more stringent mercury emission controls, a renewable portfolio standard, energy efficiency mandates, a carbon tax or cap and trade structure and ash landfill regulations; nuclear regulations and operations associated with nuclear facilities; impact of electric and gas utility restructuring in Michigan, including legislative amendments and Customer Choice programs; employee relations and the impact of collective bargaining agreements; unplanned outages; 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; cost reduction efforts and the maximization of plant and distribution system performance; the effects of competition; the uncertainties of successful exploration of gas shale resources and challenges in estimating gas reserves with certainty; impact of regulation by the FERC, MPSC, NRC and other applicable governmental proceedings and regulations, including any associated impact on rate structures; 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 amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals or new legislation; the cost of protecting assets against, or damage due to, terrorism or cyber attacks; the availability, cost, coverage and terms of insurance and stability of insurance providers; 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; and binding arbitration, litigation and related appeals. 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" section in each of DTE Energy's and Detroit Edison's 2009 Forms 10-K and 2010 Forms 10-Q (which sections are incorporated herein by reference), and in conjunction with other SEC reports filed by DTE Energy and Detroit Edison.Cautionary Note - The Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation such as "probable reserves" that the SEC's guidelines strictly prohibit us from including in filings with the SEC. You are urged to consider closely the disclosure in DTE Energy's 2009 Form 10-K and 2010 Forms 10-Q, File No. 1-11607, available from our offices or from our website at www.dteenergy.com. You can also obtain these Forms from the SEC by calling 1-800-SEC-0330. 2

3 Participants Dave Meador, Executive Vice President and CFOPeter Oleksiak, Vice President, Controller & Investor RelationsNick Khouri, Vice President and TreasurerMark Rolling, Director of Investor Relations

4 OverviewThird Quarter 2010 Earnings ResultsCash Flow and Capital ExpendituresSummary

Investment Thesis DTE Energy has a plan it believes will provide 5%-6% long-term operating EPS growth, an attractive dividend yield and a strong balance sheetUtility growth plan driven by mandated investmentsConstructive regulatory structure and continued cost savings enable utilities to earn their authorized returnsPlans in place to achieve operational excellence and customer satisfaction that are distinctive in our industry, with a focus on customer affordabilityMeaningful, low-risk growth opportunities in non- utility businesses continue to provide diversity in earnings and geography 5%-6% Average Annual EPS GrowthAttractive Dividend 5

Third Quarter 2010 Overview 6 * Reconciliation to GAAP reported earnings included in the appendix DTE Energy Q3 2010 operating earnings per share* of $0.96 vs. $0.91 in Q3 2009Solid results at our utilities and strong performance at Power & Industrial partially offset by a loss at Energy TradingRevised 2010 operating EPS guidance of $3.50 - $3.70 provides 9% growth at midpointVery strong performance at Power & Industrial and solid utility results offsetting lower contribution from Energy TradingBalance sheet remains strongGenerated $1.5 billion in cash from operations YTD 2010Raising cash flow guidance

7 2010 Operating Earnings* Guidance (millions) Prior Guidance * Reconciliation to GAAP reported earnings included in the appendix Raising utility guidance on strong performanceIncreasing lower end of Detroit Edison guidance rangeRaising and narrowing MichCon guidance rangePrimarily higher Steel Industry Fuels tax credit at Power & Industrial ProjectsUnfavorable performance at Energy TradingTax benefits at Corporate & Other Revised Guidance Drivers Original Guidance

8 OverviewThird Quarter 2010 Earnings ResultsCash Flow and Capital ExpenditureSummary

Third Quarter 2010 Operating Earnings Per Share* Detroit Edison$0.97 Unconventional Gas Production($0.02) Non-Utility$0.13 Gas Storage & Pipelines$0.07 Corporate & Other($0.10) MichCon**($0.04) $0.96 Power & Industrial Projects $0.15 * Reconciliation to GAAP reported earnings included in the appendix** Includes Citizens Gas Utility EnergyTrading($0.07) 9

10 Third Quarter 2010 Operating Earnings Variance Weather-normal sales in 2010 due to decoupling partially offset by 2009 property tax settlement * Reconciliation to GAAP reported earnings included in the appendix Detroit Edison MichCon June 2010 rate order Operating Earnings* (millions) 3Q 2010 3Q 2009 Change Non-Utility Power & Industrial primarily driven by higher coke sales and Steel Industry Fuels tax creditEnergy Trading driven by lower economic performanceCorporate & Other driven by one-time tax benefits in 2009 Drivers

(CHART) 11 Detroit Edison Variance Analysis * Reconciliation to GAAP reported earnings included in the appendix Q3 2009 Operating Earnings $24 $149 Q3 2010 Operating Earnings Margin $5 (millions) Detroit Edison Operating Earnings* Variance $165 Margin primarily driven by weather- normal sales in 2010 due to decoupling compared to colder than normal weather in Q3 2009O&M driven by continuous improvement, one-time cost reductions and lower uncollectible expenseHigher depreciation on increased asset base Other primarily driven by Q3 2009 property tax settlement O&M Depreciation ($3) Drivers ($10) Taxes and Other

12 MichCon Variance Analysis Margin driven by June 2010 rate order and lower lost gas expense partially offset by lower midstream revenues and conservationLower depreciation rates in 2010Other primarily driven by favorable interest (millions) MichCon Operating Earnings* Variance(CHART) ($23) * Reconciliation to GAAP reported earnings included in the appendix $12 Q3 2010 Operating Earnings Q3 2009 Operating Earnings ($6) $1 Margin Drivers Other $4 Depreciation

DTE Energy Trading Reconciliation of Operating Earnings to Economic Net Income *Reconciliation to GAAP reported earnings included in the appendix** See appendix for definitions (CHART) (millions) YTD Sept 2010Economic Net Income** Accounting Adjustments** YTD Sept 2010 Operating Earnings* $0 $23 $23 (CHART) $73 ($9) $64 YTD Sept 2009 Operating Earnings YTD Sept 2009Economic Net Income Accounting Adjustments 13 2010 has been a challenging year for the trading industry overall:Oversupplied gas marketSignificantly lower volatility and liquidityRegulatory changes and uncertainty associated with financial reform2010 accounting adjustments are driven by transactions where accounting income is recognized in future periods

14 OverviewThird Quarter 2010 Earnings ResultsCash Flow and Capital ExpendituresSummary

A strong balance sheet continues to be a key DTE Energy priorityLeverage and cash flow metrics within targeted rangesIn August, Detroit Edison priced a $300 million, 10 year bond offering at a coupon of 3.45%Successfully renewed $1.8 billion of bank credit lines in August 2010 15 Our Solid Balance Sheet Provides Financial Flexibility Leverage* Funds from Operations / Debt* (CHART) 53% 52% 50% - 52% (CHART) 22% 23% 22% - 24% *Debt excludes securitization, a portion of MichCon's short-term debt, and considers 50% of the trust preferreds as equity

16 YTD September 2010 Cash Flow DTE Energy Cash Flow* (billions) Drivers Strong year-to-date cash from operations; above average cash from operations in 2009Capital spending in 2010 primarily driven by higher non-utility spend and timing of utility projects$1.8 billion of available liquidity at September 30, 2010 * Includes securitization

17 2010 Capital Expenditures & Cash Flow Guidance Capital Expenditures (millions) Cash Flow Summary* (billions) * Includes securitization

18 OverviewThird Quarter 2010 Earnings ResultsCash Flow and Capital ExpendituresSummary

Summary 19 * Reconciliation to GAAP reported earnings included in the appendix Q3 operating EPS* of $0.96 driven by strong performance at our utilities and Power & Industrial ProjectsRevised 2010 operating EPS guidance provides 9% growth at midpointSolid performance at our utilities driven by constructive regulatory environment and intense focus on continuous improvementDiversity of non-utility segments helps support DTE's earnings growth Balance sheet and cash flow metrics remain strongYTD cash from operations of $1.5 billion supports improved 2010 cash flow guidanceEEI conference presentation is November 2 at 8:15AM PDT with Gerry Anderson - President and CEO

20 Contact Us DTE Energy Investor Relationswww.dteenergy.com/investors313-235-8030

Appendix

(CHART) DTE Energy Trading Reconciliation of Operating Earnings* to Economic Net Income ** Consists of 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. (millions) YTD Sept 2010Economic Net Income Accounting Adjustments** YTD Sept 2010 Operating Earnings* $0 $23 $23 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 Energy Trading Operating Earnings* RealizedUnrealizedO&M / Other YTD 2009 YTD 2010 $61 $30 11 56 (44) (41) (millions, after-tax) $73 $ 0 (CHART) $73 ($9) $64 YTD Sept 2009 Operating Earnings* YTD Sept 2009Economic Net Income Accounting Adjustments** 22

(CHART) (CHART) (CHART) Net Production (Bcfe) Gross Producing Wells 186 Reserves (Bcfe) Acreage Position (000's Acres) Net Undeveloped Acres Net Developed Acres Barnett Shale Operating Metrics 16 Q3 2010 53 69 15 48 YE2009 63 Q3 2010 YE2009 169 5 2009A 5 23 (CHART) YE2009 YE2008 Probable(Unaudited) Proven 255 234 489 265 167 432 Continue to prudently manage and develop Barnett assets Invest $25 millionDrill 10 - 15 wells Produce 5 Bcfe netFocus on cost reduction & production optimization Drilled 11 wellsNet Production of 3.6 BcfeIncreased crude oil production Capital Expenditures $20 million 2010 YTD Results 2010 Goals 2010 Est.

24 YTD September 2010 Capital Expenditures DTE Energy Capital Expenditures (millions) Drivers MichCon capital lower due to completion of a pipeline expansion project in 2009Gas Storage & Pipelines primarily driven by Millennium equity contributionPower & Industrial primarily driven by higher spend on Reduced Emission Fuel and wood-waste conversion projects

25 Reconciliation of Full Year 2010 and Q3 2010 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. In this presentation, DTE Energy provides 2010 guidance for operating earnings. It is likely that certain items that impact the company's 2010 reported results will be excluded from operating results. A reconciliation to the comparable 2010 reported earnings/net income guidance 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.There were no reported to operating adjustments in Q3 2010

26 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. Reconciliation of YTD September 30, 2010 Reported to Operating Earnings * Deferral of previously expensed cost to achieve as allowed for in June 3, 2010 MPSC order (case - U-15985)

27 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. Reconciliation of Q3 2009 Reported to Operating Earnings

28 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. Reconciliation of YTD September 30, 2009 Reported to Operating Earnings