0000936340-13-000051.txt : 20130417 0000936340-13-000051.hdr.sgml : 20130417 20130417170432 ACCESSION NUMBER: 0000936340-13-000051 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130417 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130417 DATE AS OF CHANGE: 20130417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DTE ENERGY CO CENTRAL INDEX KEY: 0000936340 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 383217752 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11607 FILM NUMBER: 13767432 BUSINESS ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 BUSINESS PHONE: 3132354000 MAIL ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 FORMER COMPANY: FORMER CONFORMED NAME: DTE HOLDINGS INC DATE OF NAME CHANGE: 19950127 8-K 1 a8-kdtegasrateorder41613.htm 8-K 8-K DTE Gas Rate Order 4/16/13
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): April 17, 2013



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

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

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 8.01. Other Events.
On April 16, 2013, the Michigan Public Service Commission (MPSC) issued an order in DTE Gas Company's (DTE Gas) rate case No. U-16999. The full text of the order (Case No. U-16999) is available on the MPSC's website (http://efile.mpsc.state.mi.us/efile/). DTE Gas is a wholly-owned subsidiary of DTE Energy Company (DTE Energy).

On April 17, 2013, DTE Energy will post a summary and discussion of the order in the DTE Gas rate case to the DTE Energy website at www.dteenergy.com. The summary is filed as Exhibit 99.1 hereto.

Item 9.01.      Financial Statements and Exhibits.
(d) Exhibits
99.1
Summary of DTE Gas Rate Order dated April 17, 2013.


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 2012 Form 10-K (which section is incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy that discuss important factors that could cause DTE Energy's actual results to differ materially. DTE Energy expressly disclaims 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 registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 17, 2013            
    
DTE ENERGY COMPANY
(Registrant)
 
 
/s/NAIF A. KHOURI                    
Naif A. Khouri
Vice President


    



EXHIBIT INDEX

Exhibit
Number
Description
 
 
99.1
Summary of DTE Gas Rate Order dated April 17, 2013.




 EX-99.1 2 exhibit99141613.htm EXHIBIT 99.1 Exhibit 99.1 4/16/13


EXHIBIT 99.1

Summary of Infrastructure Recovery Mechanism order in DTE Gas Rate Case Filing U-169991
April 17, 2013

The Michigan Public Service Commission (MPSC) issued an order yesterday approving DTE Gas' proposed Infrastructure Recovery Mechanism (IRM). With this order and the settlement order issued in December 2012, all items from DTE Gas' general rate case, U-16999, have been resolved.
 
The IRM will recover the cost of service related to $77 million of annual infrastructure investments made during the five year period of 2013 - 2017.

The investment will be made in three programs as ordered by the MPSC:
•
$22.7 million - Meter Move Out to impact 12,790 meters per year
•
$46.9 million - Main Renewal Program to address 66 miles of main per year
•
$7.8 million - Pipeline Integrity investments

The IRM will start in May 2013 for the 2013 approved capital spend. Beginning in 2014, it is intended that the mechanism will adjust annually in July for the incremental investment each year, after a limited hearing on the reconciliation of the prior year capital spend. The capital spend will be reconciled annually and, if DTE Gas underspends the capital, the IRM charge will be reduced proportionally on a prospective basis. After the fifth year, the IRM rate will be stable at the final rate charged.

If DTE Gas files a rate case within the five year period, the IRM charge will be suspended when new rates are set by the Commission in that case. All capital invested as part of the IRM would be rolled into rate base and recovery would continue through base rates. DTE Gas would then propose an updated IRM to address recovery over the next 5 years of future infrastructure investment as part of the new rate case.

The monthly impact on a residential customer in the first year of the IRM will be $0.23, increasing to $2.84 in the fifth year of the program.

The complete order document is available on the MPSC's website (http://efile.mpsc.cis.state.mi.us/efile/) under case number U-16999.

A summary of the December 2012 settlement order can be found on DTE Energy's Investor Relations website (http://www.dteenergy.com/investors) under the Regulatory Updates section.

For further information, please contact DTE Energy's Investor Relations group at (313) 235-8030.

1 This document includes forward-looking statements based on information currently available to management. Such statements are
subject to certain risks and uncertainties. These statements typically contain, but are not limited to, the terms “anticipate”, “believe”, “estimate”, and similar words. These statements should be read in conjunction with the “Forward-Looking Statements” section in DTE Energy Company's 2012 Form 10-K (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy that discuss important factors that could cause DTE Energy's actual results to differ materially. DTE Energy expressly disclaims any current intention to update any forward-looking statements contained in this document as a result of new information or future events.