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): November 1, 2006

	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)
	2000 2nd Avenue
	Detroit, Michigan 48226-1279
	313-235-4000
1-2198	The Detroit Edison Company	38-0478650
	(a Michigan corporation)
	2000 2nd Avenue
	Detroit, Michigan 48226-1279
	313-235-4000
1-7310	Michigan Consolidated Gas Company	38-0478040
	(a Michigan corporation)
	2000 2nd Avenue
	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))

TABLE OF CONTENTS

Earnings Release of DTE Energy Company

Financial Information

Item 2.02. Results of Operations and Financial Condition.

DTE Energy Company is furnishing the Securities and Exchange Commission (“SEC”) with its earnings release issued November 1, 2006, announcing financial results for the quarter ended September 30, 2006. Copies of the earnings release and the financial information distributed for media and investor relations communications are furnished as Exhibits 99.1 and 99.2 and incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, under Item 2.02, including Exhibits 99.1 and 99.2, 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.

(c) Exhibits

99.1	Earnings Release of DTE Energy Company dated November 1, 2006.
99.2	Financial Information Distributed for Media and Investor Relations Communications dated November 1, 2006.

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 each of DTE Energy’s, The Detroit Edison Company’s (“Detroit Edison”) and Michigan Consolidated Gas Company’s (“MichCon”) 2005 Form 10-K (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy, Detroit Edison and MichCon that discuss important factors that could cause DTE Energy’s, Detroit Edison’s and MichCon’s actual results to differ materially. DTE Energy, Detroit Edison and MichCon 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: November 1, 2006

DTE ENERGY COMPANY

(Registrant)

/s/ Peter B. Oleksiak

Peter B. Oleksiak

Controller

THE DETROIT EDISON COMPANY

(Registrant)

/s/ Peter B. Oleksiak

Peter B. Oleksiak

Controller

MICHIGAN CONSOLIDATED GAS COMPANY

(Registrant)

/s/ Peter B. Oleksiak

Peter B. Oleksiak

Controller

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Earnings Release of DTE Energy Company dated November 1, 2006.
99.2	Financial Information Distributed for Media and Investor Relations Communications dated November 1, 2006.

EX-99.1

Exhibit 99.1

Nov. 1, 2006

DTE Energy reports strong third quarter 2006 earnings;
Tightens 2006 earnings guidance range

     DETROIT — DTE Energy (NYSE:DTE) today reported third quarter 2006 earnings of $188 million, or $1.06 per diluted share, compared with reported earnings of $4 million, or $0.02 per diluted share in the third quarter of 2005.

     The company had operating earnings for the third quarter 2006 of $255 million, or $1.44 per diluted share, compared with third quarter 2005 operating earnings of $5 million, or $0.03 per diluted share. Operating results exclude non-recurring items, certain timing-related items and discontinued operations.

     DTE Energy also reported cash flow from operations of $1.17 billion for the nine months ended Sept. 30, 2006, a significant increase over the $593 million reported for the same period in 2005.

     “I’m proud that our efforts produced a very strong quarter as we continue to implement our growth strategy,” said Anthony F. Earley Jr., DTE Energy chairman and CEO. “Both customers and shareholders will benefit from our investments in improving service reliability and environmental sustainability while at the same time reducing our operating costs through our comprehensive Performance Excellence Process. In our non-utility businesses, our pipeline of attractive investment opportunities continues to grow.”

     Reported earnings for the nine months ended Sept. 30, 2006, were $291 million or $1.64 per diluted share versus $155 million or $0.89 per diluted share in 2005. Sept. 30 year-to-date operating earnings were $426 million, or $2.40 per diluted share, compared with $199 million, or $1.14 per diluted share in 2005. Reconciliations of reported to operating earnings for both the quarter ended and nine months ended Sept. 30, 2006 and 2005, are at the end of this news release.

Operating earnings and other results for the third quarter of 2006, by segment:

     Electric Utility: Operating earnings for Detroit Edison were $0.82 per diluted share versus $0.55 in the third quarter 2005. The primary earnings driver was higher gross margins due to the expiration of the cap on residential rates in 2006 and returning customers to full utility service. In the first three quarters of 2006, Detroit Edison invested $152 million in environmental projects to produce cleaner air and water and $583 million on other power generation and distribution system improvements to improve reliability and efficiency.

     Gas Utility: Primarily consisting of MichCon, this segment had a seasonal operating loss of $0.05 per diluted share compared with a loss of $0.09 in the third quarter 2005. The main factors favorably impacting earnings were lower operating and maintenance expenses, and increased revenue from regulated gas storage. Due to the seasonal nature of MichCon’s business, the third quarter typically results in an operating loss. In the first three quarters of 2006, MichCon invested $95 million in improvements designed to benefit customers, including gas storage additions and a gas distribution system expansion to meet growing demand in western Michigan.

     Power and Industrial Projects: Beginning this third quarter, the synfuel business will be shown as its own segment instead of being included in the Power and Industrial Projects segment. Power and Industrial Projects had operating earnings of $0.02 per diluted share compared with breakeven results in the third

quarter of 2005. Key earnings drivers were increased income from coke production, partially offset by the phase out of biomass tax credits. In the third quarter of 2006, DTE Energy recorded asset impairment charges of $0.29 per diluted share in this segment, primarily at its Crete and River Rouge merchant generation plants; these charges are excluded from operating earnings. The company is exploring options to remove the quarterly earnings drag resulting from its merchant generation business including asset sales of remaining units.

     Synthetic Fuel: This segment had operating earnings of $0.28 per diluted share versus $0.27 in the third quarter of 2005, primarily due to the significant drop in oil prices during the 2006 third quarter, and the resulting expected increase in the value of synfuel tax credits. During the third quarter, DTE Energy resumed production at all nine of its synthetic fuel facilities. The facilities had been idle since May 2006. Future increases in the level or volatility of oil prices could cause DTE Energy to adjust synthetic fuel production in an effort to maximize cash flow from this business.

     Unconventional Gas Production: Operating earnings for this segment were $0.01 per diluted share, equivalent to third quarter 2005 earnings, primarily due to higher production from the Barnett shale and the continued repricing of Antrim shale gas production as low-priced legacy contracts expire. Offsetting these revenue increases were commensurate increases in operating and depletion expenses associated with higher production and the operation of new wells.

     In the first three quarters of 2006, DTE Energy drilled 118 wells and produced 16.1 billion cubic feet of natural gas equivalent (Bcfe) in its Antrim shale properties in Michigan, and is on track to drill 130 wells and produce 22.4 Bcfe for the full year 2006. In its Barnett shale properties in Texas, the company successfully drilled 45 wells and produced 2.5 Bcfe in the first three quarters of 2006, and is on track to drill 55 wells and produce 4.1 Bcfe for the full year 2006.

     Fuel Transportation and Marketing: This segment had operating earnings of $0.42 per diluted share compared with a loss of $0.73 in the third quarter of 2005. Driving earnings higher was the absence of $0.90 per share in timing-related losses from Energy Trading incurred in the third quarter of 2005, as well as increased gas storage margins. The gas midstream and coal services businesses in this segment contributed earnings of $0.05 per diluted share in the third quarter of 2006.

     Corporate and Other: This segment had an operating loss of $0.06 per diluted share, compared with earnings of $0.02 in the third quarter of 2005, primarily due to higher state and federal taxes.

Outlook for 2006

     DTE Energy expects 2006 operating earnings excluding synthetic fuel of $2.42 to $2.53 per diluted share, within its previously announced guidance range. Synthetic fuel operating earnings for 2006 are expected to be $0.53 to $0.65 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 expect 2006 operating earnings excluding synthetic fuels to be at least 40 percent higher than 2005, and we see our strategy continuing to produce strong long-term earnings per share growth to 2010 and beyond.”

Conference call and webcast information

     This earnings announcement, as well as a package of supplemental financial information, is available on the company’s website at www.dteenergy.com/investors.

     DTE Energy plans to conduct a conference call with the investment community hosted by Meador at 9 a.m. EST Thursday, Nov. 2, to discuss third quarter 2006 earnings results. Investors, the news media and the public may listen to a live internet broadcast of the meeting at www.dteenergy.com/investors. The telephone dial-in numbers are (800) 967-7135 or (719) 457-2626. 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. Nov. 2 to Nov. 17, 2006. To access the replay, dial (888) 203-1112 or (719) 457-0820 and enter passcode 9874958.

     Earley and Gerard M. Anderson, DTE Energy president, plan to provide an update on DTE Energy’s strategy at the Edison Electric Institute Financial Conference at 1:30 p.m. EST Tuesday, Nov. 7. Investors, the news media and the public may listen to a live internet broadcast of the meeting at www.dteenergy.com/investors. The internet broadcast will be archived on the company’s website.

     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 2006 operating earnings guidance. It is likely that certain items that impact the company’s 2006 reported results will be excluded from operating results. A reconciliation to the comparable 2006 reported earnings guidance is not provided because it is not possible to provide a reliable forecast of specific line items such as 2007 oil hedging costs and other charges. These items may fluctuate significantly from period to period and may have a significant impact on reported earnings.

     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 2.2 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.3 million customers in Michigan and other non-utility, energy businesses focused on power and industrial projects, fuel transportation and marketing, and unconventional gas production. Information about DTE Energy is available at dteenergy.com.

     The information contained herein is as of the date of this news release. DTE Energy expressly disclaims any current intention to update any forward-looking statements contained in this news 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 news release contains forward-looking statements about DTE Energy’s financial results and estimates of future prospects, and actual results may differ materially.

     Factors that may impact forward-looking statements include, but are not limited to: the higher price of oil and its impact on the value of production tax credits, and the ability to utilize the facilities producing such credits, or the potential requirement to refund proceeds received from synfuel partners; the uncertainties of successful exploration of gas shale resources and inability to estimate gas reserves with certainty; the effects of weather and other natural phenomena on operations and sales to customers, and purchases from suppliers; economic climate and population growth or decline in the geographic areas where we do business; environmental issues, laws, regulations, and the cost of remediation and compliance; nuclear regulations and operations associated with nuclear facilities; implementation of electric and gas Customer Choice programs; impact of electric and gas utility

restructuring in Michigan, including legislative amendments; employee relations and the impact of collective bargaining agreements; unplanned outages; access to capital markets and capital market conditions and the results of other financing efforts which can be affected by credit agency ratings; the timing and extent of changes in interest rates; the level of borrowings; changes in the cost and availability of coal and other raw materials, purchased power and natural gas; effects of competition; impact of regulation by the FERC, MPSC, NRC and other applicable governmental proceedings and regulations; contributions to earnings by non-utility subsidiaries; 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 ability to recover costs through rate increases; the availability, cost, coverage and terms of insurance; the cost of protecting assets against, or damage due to, terrorism; 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; uncollectible accounts receivable; litigation and related appeals; and changes in the economic and financial viability of our suppliers, customers and trading counterparties, and the continued ability of such parties to perform their obligations to the Company. This news release should also be read in conjunction with the “Forward-Looking Statements” section in DTE Energy’s 2005 Form 10-K and the 2006 quarterly reports on Form 10-Q (which sections are incorporated herein by reference), and in conjunction with other SEC reports filed by DTE Energy.

Members of the Media — For Further Information:

Lorie N. Kessler	Scott Simons
(313) 235-8807	(313) 235-8808
Analysts — For Further Information:
Marc Siwak	Dan Miner
(313) 235-8030	(313) 235-8030

DTE Energy Company
Consolidated Statement of Operations (unaudited)

	Three Months Ended						Nine Months Ended
	September 30						September 30
(in Millions, Except per Share Amounts)	2006			2005			2006			2005
Operating Revenues	$	2,196		$	2,060		$	6,726		$	6,310
Operating Expenses
Fuel, purchased power and gas		629			839			2,277			2,446
Operation and maintenance		771			973			2,698			2,794
Depreciation, depletion and amortization		355			239			801			662
Taxes other than income		74			66			249			246
Asset (gains) and losses, reserves and impairments, net		(6	)		(108	)		116			(203	)
		1,823			2,009			6,141			5,945
Operating Income		373			51			585			365
Other (Income) and Deductions
Interest expense		123			129			390			385
Interest income		(9	)		(15	)		(34	)		(42	)
Other income		(17	)		(22	)		(41	)		(45	)
Other expenses		38			8			58			34
		135			100			373			332
Income (Loss) Before Income Taxes and Minority Interest		238			(49	)		212			33
Income Tax Provision		59			10			109			54
Minority Interest (1)		(10	)		(88	)		(190	)		(209	)
Income from Continuing Operations		189			29			293			188
Loss from Discontinued Operations, net of tax		(1	)		(25	)		(3	)		(33	)
Cumulative Effect of Accounting Change, net of tax		—			—			1			—
Net Income	$	188		$	4		$	291		$	155
Basic Earnings per Common Share
Income from continuing operations	$	1.07		$	.17		$	1.65		$	1.08
Discontinued operations		(.01	)		(.15	)		(.02	)		(.19	)
Cumulative effect of accounting change		—			—			.01			—
Total	$	1.06		$	.02		$	1.64		$	.89
Diluted Earnings per Common Share
Income from continuing operations	$	1.07		$	.17		$	1.65		$	1.07
Discontinued operations		(.01	)		(.15	)		(.02	)		(.18	)
Cumulative effect of accounting change		—			—			.01			—
Total	$	1.06		$	.02		$	1.64		$	.89
Average Common Shares
Basic		177			176			177			174
Diluted		178			177			178			175
Dividends Declared per Common Share	$	.515		$	.515		$	1.545		$	1.545

(1) Primarily represents our partners’ share of synfuel project losses.

DTE Energy Company
Segment Net Income (Unaudited)

 

	Three Months Ended September 30
	2006										2005
	Reported						Operating			Reported						Operating
(in Millions)	Earnings			Adjustments			Earnings			Earnings			Adjustments			Earnings
Electric Utility	$	141		$	(31	)A	$	145		$	114		$	(3	)B	$	97
					(3	)B								3	I
					38	K								(17	)J
Gas Utility		(20	)		7	A		(8	)		161			(181	)B		(18	)
					5	B								2	I
Non-utility Operations
Power and Industrial Projects		(50	)		1	A		2			(1	)		—			(1	)
					2	D
					20	F
					27	G
					2	H
Synthetic Fuel		43			7	C		50			69			(21	)L		48
Unconventional Gas Production		2			—			2			2			—			2
Fuel Transportation and Marketing		75			1	A		76			(129	)		—			(129	)
Total Non-utility Operations		70			60			130			(59	)		(21	)		(80	)
Corporate and Other		(2	)		(10	)B		(12	)		(187	)		195	B		6
														(2	)J
Income from Continuing Operations		189			66			255			29			(24	)		5
Discontinued Operations		(1	)		1	E		—			(25	)		25	E		—
Net Income	$	188		$	67		$	255		$	4		$	1		$	5

Adjustments key

A)	Performance Excellence Process	Costs to achieve savings from Performance Excellence Process
B)	Effective tax rate normalization	Quarterly adjustment to normalize effective tax rate. Annual results not impacted
C)	2007 oil price option	Mark to market on 2007 synfuel oil hedges
D)	Impairment charge	Impairment charge PepTec operations
E)	Impairment charge	Impairment charge and operating results relating to the discontinuance of Dtech operations
F)	Impairment charge	Impairment charge of Crete, a joint venture merchant generating investment
G)	Impairment charge	Impairment charge of River Rouge merchant generation facility
H)	Impairment charge	Impairment charge of Biomass landfill gas projects
I)	DTE2/SAP project costs	Incremental non-recurring DTE2/SAP project costs
J)	Gain on sale of assets	Gain on sale of land
K)	September 2006 MPSC Electric	Impact of disallowance of 2004 stranded costs and PSCR reconciliation
L)	2006 oil price option	Mark to market on 2006 synfuel oil hedges

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)

	Three Months Ended September 30
	2006									2005
	Reported						Operating			Reported						Operating
	Earnings			Adjustments			Earnings			Earnings			Adjustments			Earnings
Electric Utility	$	.79		$	(.17	)A	$	.82		$	.65		$	(.02	)B	$	.55
					(.01	)B								.01	I
					.21	K								(.09	) J
Gas Utility		(.11	)		.04	A		(.05	)		.92			(1.02	)B		(.09	)
					.02	B								.01	I
Non-utility Operations
Power and Industrial Projects		(.27	)		.02	D		.02			—			—			—
					.11	F
					.15	G
					.01	H
Synthetic Fuel		.24			.04	C		.28			.39			(.12	)L		.27
Unconventional Gas Production		.01			—			.01			.01			—			.01
Fuel Transportation and Marketing		.42			—			.42			(.73	)		—			(.73	)
Total Non-utility Operations		.40			.33			.73			(.33	)		(.12	)		(.45	)
Corporate and Other		(.01	)		(.05	)B		(.06	)		(1.07	)		1.10	B		.02
														(.01	) J
Income from Continuing Operations.		1.07			.37			1.44			.17			(.14	)		.03
Discontinued Operations		(.01	)		.01	E		—			(.15	)		.15	E		—
Net Income	$	1.06		$	.38		$	1.44		$	.02		$	.01		$	.03

Adjustments key
A)	Performance Excellence Process	Costs to achieve savings from Performance Excellence Process
B)	Effective tax rate normalization	Quarterly adjustment to normalize effective tax rate. Annual results not impacted
C)	2007 oil price option	Mark to market on 2007 synfuel oil hedges
D)	Impairment charge	Impairment charge PepTec operations
E)	Impairment charge	Impairment charge and operating results relating to the discontinuance of Dtech operations
F)	Impairment charge	Impairment charge of Crete, a joint venture merchant generating investment
G)	Impairment charge	Impairment charge of River Rouge merchant generation facility
H)	Impairment charge	Impairment charge of Biomass landfill gas projects
I)	DTE2/SAP project costs	Incremental non-recurring DTE2/SAP project costs
J)	Gain on sale of assets	Gain on sale of land
K)	September 2006 MPSC Electric	Impact of disallowance of 2004 stranded costs and PSCR reconciliation
L)	2006 oil price option	Mark to market on 2006 synfuel oil hedges

DTE Energy Company
Segment Net Income (Unaudited)

	Nine Months Ended September 30
	2006									2005
	Reported						Operating			Reported						Operating
(in Millions)	Earnings			Adjustments			Earnings			Earnings			Adjustments			Earnings
Electric Utility	$	257		$	(2	)B	$	293		$	212		$	(3	)B	$	200
					38	N								8	K
														(17	)L
Gas Utility		16			11	A		30			123			(130	)B		27
					3	B								4	K
														30	M
Non-utility Operations
Power and Industrial Projects		(74	)		1	A		(11	)		2			—			2
					13	E
					20	G
					27	H
					2	I
Synthetic Fuel		30			(7	)C		49			165			(33	)O		132
					26	D
Unconventional Gas Production		5			—			5			3			—			3
Fuel Transportation and Marketing		103			1	A		104			(139	)		—			(139	)
Total Non-utility Operations		64			83			147			31			(33	)		(2	)
Corporate and Other		(44	)		—			(44	)		(178	)		154	B		(26	)
														(2	)L
Income from Continuing Operations		293			133			426			188			11			199
Discontinued Operations		(3	)		3	F		—			(33	)		32	F		—
														(2	)P
														3	Q
Cumulative Effect of Accounting Change		1			(1	)J		—			—			—			—
Net Income	$	291		$	135		$	426		$	155		$	44		$	199

Adjustments key
A) Performance Excellence Process	Costs to achieve savings from Performance Excellence Process
B) Effective tax rate normalization	Quarterly adjustment to normalize effective tax rate. Annual results not impacted
C) 2007 oil price option	Mark to market on 2007 synfuel oil hedges
D) 2006 oil price option rollback	Mark to market on 2006 synfuel oil hedges recognized in 2005
E) Impairment charge	Impairment charge PepTec operations
F) Impairment charge	Impairment charge and operating results relating to the discontinuance of Dtech operations
G) Impairment charge	Impairment charge of Crete, a joint venture merchant generating investment
H) Impairment charge	Impairment charge of River Rouge merchant generation facility
I) Impairment charge	Impairment charge of Biomass landfill gas projects
J) Cumulative effect of accounting change	Cumulative effect of a change in accounting principle from adoption of FASB No. 123-R
K) DTE2/SAP project costs	Incremental non-recurring DTE2/SAP project costs
L) Gain on sale of assets	Gain on sale of land
M) April 2005 MPSC Gas	Impact of disallowances of 2002 gas costs and certain computer systems and equipment costs.
N) September 2006 MPSC Electric	Impact of disallowance of 2004 stranded costs and PSCR reconciliation
O) 2006 oil price option	Mark to market on 2006 synfuel oil hedges
P) Gain on sale of Southern Missouri	Gain from the sale of Southern Missouri Gas Company
Q) Gain on sale of ITC	A related adjustment from the sale of International Transmission Company

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)

	Nine Months Ended September 30
	2006									2005
	Reported						Operating			Reported						Operating
	Earnings			Adjustments			Earnings			Earnings			Adjustments			Earnings
Electric Utility	$	1.45		$	(.01	)B	$	1.65		$	1.21		$	(.02	)B	$	1.14
					.21	N								.04	K
														(.09	)L
Gas Utility		.09			.07	A		.18			.70			(.74	)B		.16
					.02	B								.03	K
														.17	M
Non-utility Operations
Power and Industrial Projects		(.41	)		.07	E		(.06	)		.01			—			.01
					.11	G
					.15	H
					.02	I
Synthetic Fuel		.17			(.04	)C		.28			.94			(.19	)O		.75
					.15	D
Unconventional Gas Production		.03			—			.03			.02			—			02
Fuel Transportation and Marketing		.57			—			.57			(.79	)		—			(.79	)
Total Non-utility Operations		.36			.46			.82			.18			(.19	)		(.01	)
Corporate and Other		(.25	)		—			(.25	)		(1.02	)		.88	B		(.15	)
														(.01	)L
Income from Continuing Operations		1.65			.75			2.40			1.07			.07			1.14
Discontinued Operations		(.02	)		.02	F		—			(.18	)		.18	F		—
														(.01	)P
														.01	Q
Cumulative Effect of Accounting Change		.01			(.01	)J		—			—			—			—
Net Income	$	1.64		$	.76		$	2.40		$	.89		$	.25		$	1.14

Adjustments key
A) Performance Excellence Process	Costs to achieve savings from Performance Excellence Process
B) Effective tax rate normalization	Quarterly adjustment to normalize effective tax rate. Annual results not impacted
C) 2007 oil price option	Mark to market on 2007 synfuel oil hedges
D) 2006 oil price option rollback	Mark to market on 2006 synfuel oil hedges recognized in 2005
E) Impairment charge	Impairment charge PepTec operations
F) Impairment charge	Impairment charge and operating results relating to the discontinuance of Dtech operations
G) Impairment charge	Impairment charge of Crete, a joint venture merchant generating investment
H) Impairment charge	Impairment charge of River Rouge merchant generation facility
I) Impairment charge	Impairment charge of Biomass landfill gas projects
J) Cumulative effect of accounting change	Cumulative effect of a change in accounting principle from adoption of FASB No. 123-R
K) DTE2/SAP project costs	Incremental non-recurring DTE2/SAP project costs
L) Gain on sale of assets	Gain on sale of land
M) April 2005 MPSC Gas	Impact of disallowances of 2002 gas costs and certain computer systems and equipment costs.
N) September 2006 MPSC Electric	Impact of disallowance of 2004 stranded costs and PSCR reconciliation
O) 2006 oil price option	Mark to market on 2006 synfuel oil hedges
P) Gain on sale of Southern Missouri	Gain from the sale of Southern Missouri Gas Company
Q) Gain on sale of ITC	A related adjustment from the sale of International Transmission Company

EX-99.2

Exhibit 99.2

Q3 2006 Supplemental Financial Information Nov. 1, 2006

DTE Energy Company
Consolidated Statement of Financial Position

	(Unaudited)
	September 30			December 31
	2006			2005
(in Millions)
ASSETS
Current Assets
Cash and cash equivalents	$	65		$	88
Restricted cash		93			122
Accounts receivable
Customer (less allowance for doubtful accounts of $159 and $136, respectively)		1,152			1,746
Collateral held by others		248			286
Other		209			363
Accrued power and gas supply cost recovery revenue		178			186
Inventories
Fuel and gas		661			522
Materials and supplies		148			146
Deferred income taxes		143			257
Assets from risk management and trading activities		575			806
Other		238			160
		3,710			4,682
Investments
Nuclear decommissioning trust funds		709			646
Other		501			530
		1,210			1,176
Property
Property, plant and equipment		18,380			18,187
Less accumulated depreciation and depletion		(7,578	)		(7,663	)
		10,802			10,524
Other Assets
Goodwill		2,057			2,057
Regulatory assets		1,991			2,074
Securitized regulatory assets		1,264			1,340
Intangible assets		456			400
Notes receivable		226			409
Assets from risk management and trading activities		262			316
Prepaid pension assets		184			186
Other		154			171
		6,594			6,953
Total Assets	$	22,316		$	23,335

DTE Energy Company
Consolidated Statement of Financial Position

	(Unaudited)
	September 30			December 31
	2006			2005
(in Millions, Except Shares)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	909		$	1,187
Accrued interest		128			115
Dividends payable		92			92
Short-term borrowings		884			943
Current portion of long-term debt, including capital leases		362			691
Liabilities from risk management and trading activities		648			1,089
Other		810			803
		3,833			4,920
Other Liabilities
Deferred income taxes		1,363			1,396
Regulatory liabilities		753			715
Asset retirement obligations		1,158			1,091
Unamortized investment tax credit		122			131
Liabilities from risk management and trading activities		333			527
Liabilities from transportation and storage contracts		288			317
Accrued pension liability		376			284
Deferred gains from asset sales		72			188
Minority interest		41			92
Nuclear decommissioning		94			85
Other		737			740
		5,337			5,566
Long-Term Debt (net of current portion)
Mortgage bonds, notes and other		5,724			5,234
Securitization bonds		1,185			1,295
Equity-linked securities		—			175
Trust preferred-linked securities		289			289
Capital lease obligations		84			87
		7,282			7,080
Commitments and Contingencies
Shareholders’ Equity
Common stock, without par value, 400,000,000 shares authorized, 177,964,872 and 177,814,429 shares issued and outstanding, respectively		3,480			3,483
Retained earnings		2,574			2,557
Accumulated other comprehensive loss		(190	)		(271	)
		5,864			5,769
Total Liabilities and Shareholders’ Equity	$	22,316		$	23,335

DTE Energy Company
Consolidated Statement of Cash Flows (Unaudited)

	Nine Months Ended
	September 30
	2006			2005
(in Millions)
Operating Activities
Net Income	$	291		$	155
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization		801			663
Deferred income taxes		24			121
Gain on sale of interests in synfuel projects		(72	)		(180	)
Gain on sale of assets, net		(1	)		(31	)
Impairment of synfuel projects		124			—
Partners’ share of synfuel project losses		(191	)		(241	)
Contributions from synfuel partners		155			177
Changes in assets and liabilities, exclusive of changes shown separately (Note 1)		43			(71	)
Net cash from operating activities		1,174			593
Investing Activities
Plant and equipment expenditures — utility		(830	)		(564	)
Plant and equipment expenditures — non-utility		(214	)		(145	)
Acquisitions, net of cash acquired		(27	)		—
Proceeds from sale of interests in synfuel projects		203			251
Proceeds from sale of other assets		41			56
Restricted cash for debt redemptions		29			30
Proceeds from sale of nuclear decommissioning trust fund assets		136			159
Investment in nuclear decommissioning trust funds		(163	)		(188	)
Other investments		(6	)		(80	)
Net cash used for investing activities		(831	)		(481	)
Financing Activities
Issuance of long-term debt		545			623
Redemption of long-term debt		(672	)		(1,059	)
Short-term borrowings, net		44			472
Issuance of common stock		9			172
Repurchase of common stock		(10	)		(12	)
Dividends on common stock		(274	)		(268	)
Other		(8	)		(5	)
Net cash used for financing activities		(366	)		(77	)
Net Increase (Decrease) in Cash and Cash Equivalents		(23	)		35
Cash and Cash Equivalents at Beginning of the Period		88			56
Cash and Cash Equivalents at End of the Period	$	65		$	91

The Detroit Edison Company
Consolidated Statement of Operations (unaudited)

	Three Months Ended						Nine Months Ended
	September 30						September 30
(in Millions)	2006			2005			2006			2005
Operating Revenues	$	1,460		$	1,409		$	3,685		$	3,434
Operating Expenses
Fuel and purchased power		539			604			1,257			1,248
Operation and maintenance		277			325			990			976
Depreciation and amortization		308			174			643			484
Taxes other than income		64			68			198			200
Asset (gains) and losses, net		(1	)		(26	)		(1	)		(26	)
		1,187			1,145			3,087			2,882
Operating Income		273			264			598			552
Other (Income) and Deductions
Interest expense		60			68			208			201
Interest income		(1	)		(1	)		(2	)		(2	)
Other income		(9	)		(17	)		(22	)		(47	)
Other expenses		9			20			29			62
		59			70			213			214
Income Before Income Taxes		214			194			385			338
Income Tax Provision		73			80			128			126
Reported Earnings	$	141		$	114		$	257		$	212
Adjustments
Performance Excellence Process		(31	)		—			—			—
Incremental non-recurring DTE2 project costs		—			3			—			8
Effective tax rate normalization		(3	)		(3	)		(2	)		(3	)
Gain on sale of assets		—			(17	)		—			(17	)
September 2006 MPSC electric order		38			—			38			—
		4			(17	)		36			(12	)
Operating Earnings	$	145		$	97		$	293		$	200

The Consolidated Statement of Operations (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in the Annual Report to Shareholders, Form 10K and 10Q.

Michigan Consolidated Gas Company
Consolidated Statement of Operations (unaudited)

	Three Months Ended						Nine Months Ended
	September 30						September 30
(in Millions)	2006			2005			2006			2005
Operating Revenues	$	167		$	206		$	1,259		$	1,301
Operating Expenses
Cost of gas		56			100			768			858
Operation and maintenance		91			93			320			308
Depreciation and amortization		24			23			71			73
Taxes other than income		13			9			41			35
Asset (gains) and losses, net		(3	)		—			—			48
		181			225			1,200			1,322
Operating Income (Loss)		(14	)		(19	)		59			(21	)
Other (Income) and Deductions
Interest expense		17			14			49			42
Interest income		(2	)		(3	)		(6	)		(8	)
Other income		(2	)		(1	)		(6	)		(3	)
Other expenses		—			1			1			3
		13			11			38			34
Income (Loss) Before Income Taxes		(27	)		(30	)		21			(55	)
Income Tax Provision (Benefit)		(8	)		(189	)		3			(151	)
Reported Earnings (Loss)	$	(19	)	$	159		$	18		$	96
Adjustments
Effective tax rate normalization		5			(181	)		3			(130	)
Performance Excellence Process		7			—			11			—
Incremental non-recurring DTE2 project costs.		—			2			—			4
April 2005 MPSC gas orders		—			—			—			57
		12			(179	)		14			(69	)
Operating Earnings (Loss)	$	(7	)	$	(20	)	$	32		$	27

The Consolidated Statement of Operations (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in the Annual Report to Shareholders, Form 10K and 10Q.

DTE Energy Debt/Equity Calculation
As of Sept. 30, 2006
($ millions)

Short-term borrowings	884
Current portion of long-term debt, including capital leases	362
Mortgage bonds, notes and other	5,724
Securitization bonds	1,185
Capital lease obligations	84
less MichCon short-term debt	(254	)
less Securitization bonds, including current portion	(1,296	)
Total debt	6,689
Trust preferred-linked securities	289
Total preferred/ other	289
Equity	5,864
Total capitalization	12,842
Debt	52.1	%
Preferred	2.2	%
Common shareholders’ equity	45.7	%
Total	100.0	%

Sales Analysis — Q3 2006

Electric Sales — Detroit Edison Service Area (GWh)

	Q3 2006		Q3 2005		% Change
Residential		4,883		5,555		-12	%
Commercial		4,927		4,462		10	%
Industrial		3,695		3,197		16	%
Other		814		691		18	%
		14,319		13,905		3	%
Interconnection		1,023		1,111		-8	%
Choice*		534		1,697		-69	%
TOTAL SALES		15,876		16,713		-5	%

* Includes Dearborn Industrial Group sales

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

	Q3 2006		Q3 2005		% Change
Residential		529,454		508,444		4	%
Commercial		444,827		376,134		18	%
Industrial		240,020		187,559		28	%
Other		44,448		34,172		30	%
		1,258,749		1,106,309		14	%
Interconnection		66,152		139,351		-53	%
Choice*		15,355		32,915		-53	%
TOTAL REVENUES		1,340,256		1,278,575		5	%

* Distribution charge, includes Dearborn Industrial Group revenues

Gas Sales — MichCon Service Area (Mcf)

	Q3 2006		Q3 2005		% Change
Residential		7,814,094		7,262,523		8	%
Commercial		2,171,363		2,413,047		-10	%
Industrial		230,837		201,249		15	%
		10,216,294		9,876,819		3	%
End User Transportation*		27,815,723		34,491,497		-19	%
TOTAL SALES		38,032,017		44,368,316		-14	%

* Includes choice customers

Gas Revenue — MichCon Service Area ($000s)

	Q3 2006		Q3 2005		% Change
Residential		104,066		102,002		2	%
Commercial		26,294		30,857		-15	%
Industrial		2,322		2,188		6	%
		132,682		135,047		-2	%
End User Transportation*		24,149		24,268		0	%
TOTAL REVENUES		156,831		159,315		-2	%

* Includes choice customers

Weather

Cooling Degree Days

Detroit Edison service territory

	Q3 2006			Q3 2005			% Change
Actuals		640			775			-17	%
Normal		537			537
Deviation from normal		19	%		44	%

Heating Degree Days

MichCon service territory

	Q3 2006			Q3 2005			% Change
Actuals		148			58			155	%
Normal		177			179
Deviation from normal		-16	%		-68	%