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 26, 2016

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

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

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

DTE Energy Company (DTE Energy) is furnishing the Securities and Exchange Commission (SEC) with its earnings release issued October 26, 2016, announcing financial results for the quarter ended September 30, 2016. A copy of the earnings release and the slide presentation, including supplemental financial information, are furnished as Exhibits 99.1 and 99.2 and incorporated herein by reference. In its earnings release and the slide presentation discussed below, DTE Energy affirms its 2016 operating earnings guidance range of $5.09 - $5.35 per share.

Item 7.01. Regulation FD Disclosure.

DTE Energy is furnishing the SEC with its slide presentation issued October 26, 2016. A copy of the slide presentation is furnished as Exhibit 99.2 and incorporated herein by reference.

In its earnings release, slide presentation and this filing, DTE Energy discusses 2016 operating earnings guidance. It is likely that certain items that impact the company's 2016 reported results will be excluded from operating results. Reconciliations to the comparable 2016 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items. These items may fluctuate significantly from period to period and may have a significant impact on reported earnings.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 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 they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Earnings Release of DTE Energy Company dated October 26, 2016.

99.2 Slide Presentation of DTE Energy Company dated October 26, 2016.

Forward-Looking Statements:

This Form 8-K contains forward-looking statements that are subject to various assumptions, risks and uncertainties. It should be read in conjunction with the “Forward-Looking Statements” section in DTE Energy's and DTE Electric Company's (DTE Electric) 2015 Form 10-K and 2016 Forms 10-Q (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric that discuss important factors that could cause DTE Energy's and DTE Electric's actual results to differ materially. DTE Energy and DTE Electric expressly disclaim any current intention to update any forward-looking statements contained in this report as a result of new information or future events or developments.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: October 26, 2016

DTE ENERGY COMPANY

(Registrant)

/s/Peter B. Oleksiak

Peter B. Oleksiak

Senior Vice President and Chief Financial Officer

DTE ELECTRIC COMPANY

(Registrant)

/s/Peter B. Oleksiak

Peter B. Oleksiak

Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Earnings Release of DTE Energy Company dated October 26, 2016.
99.2	Slide Presentation of DTE Energy Company dated October 26, 2016.

EX-99.1

EXHIBIT 99.1

Oct. 26, 2016

DTE Energy reports third quarter 2016 results

DETROIT - DTE Energy (NYSE:DTE) today reported third quarter 2016 earnings of$338 million, or $1.88 per diluted share, compared with $265 million, or $1.47 per diluted share in 2015. Higher reported earnings in the third quarter were primarily driven by continued warm weather throughout the summer months at our electric utility.

Operating earnings for the third quarter 2016 were $353 million, or $1.96 per diluted share, compared with 2015 operating earnings of $252 million, or $1.40 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release.

In reflecting on the third quarter, DTE Energy Chairman and CEO Gerry Anderson commented, “I am pleased with our third quarter financial results and am excited about the recent accomplishments by the company that are important to our state, as well as the communities and customers we serve.” Anderson noted the following recent company accomplishments:

• DTE Energy maintained the strongest employee safety performance in company history through the third quarter.

• Through the third quarter, DTE spent nearly $935million with Michigan-based companies as part of the Pure Michigan Business Connect initiative, well above the company’s year to date target. This puts DTE on track for a record $1.2 billion spend this year with Michigan companies. This investment helps drive local economies and create jobs without compromising cost or quality.

• DTE announced the purchase of midstream natural gas assets in support of the company’s strategy to continue to grow and earn strong returns for shareholders. The assets - a $1.3 billion acquisition - broaden DTE’s market reach by adding the ability to move gas not only to Midwest markets, but also south to serve the Gulf, Mid-Atlantic and export markets.

• In September DTE broke ground in Detroit on what will become one of the largest urban solar arrays in the country. Work on a 250 acre solar field in Lapeer and the Pinnebog wind farm also moved toward completion this year.

• Recently DTE announced plans to build new energy generation as part of the company’s commitment to ensure long-term reliability and produce cleaner energy for customers. The natural gas turbine plant will replace coal-fired plants and is expected to provide approximately 1,000 megawatts of energy, enough to power 850,000 homes.

DTE reiterates operating EPS guidance for 2016

DTE Energy recently raised its 2016 operating earnings per share guidance to $5.09 to $5.35 from $4.91 to $5.19.

“The increase was primarily driven by one of the warmest third quarters in almost 60 years,” said Peter Oleksiak, DTE Energy senior vice president and CFO. “We recently raised operating earnings guidance, and given the company’s strong third quarter performance, we feel confident that the company will not only achieve its earnings target in 2016, but will also make additional investments in its infrastructure.”

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

DTE Energy plans to conduct a conference call with the investment community at 9 a.m. ET today, to discuss third quarter 2016 earnings results. Investors, the news media and the public may listen to a live internet broadcast of the call at www.dteenergy.com/investors. The telephone dial-in numbers are U.S. and Canada toll free: (800) 344-6698 or international toll: (785) 830-7979. The passcode is 1309977. The webcast will be archived on the DTE Energy website at www.dteenergy.com/investors. An audio replay of the call will be available from noon today to noon on November 9, 2016. To access the replay, dial US and Canada toll free (888) 203-1112 or international toll: (719) 457-0820 and enter passcode 1309977.

About DTE Energy

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 an electric utility serving 2.2 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio includes non-utility energy businesses focused on power and industrial projects, natural gas pipelines, gathering and storage, and energy marketing and trading. As one of Michigan's leading corporate citizens, DTE Energy is a force for growth and prosperity in the communities it serves in a variety of ways, including philanthropy, volunteerism and economic progress. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.

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 2016 operating earnings guidance. It is likely that certain items that impact the company's 2016 reported results will be excluded from operating results. Reconciliations to the comparable 2016 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items. These items may fluctuate significantly from period to period and may have a significant impact on reported earnings.

The information contained herein is as of the date of this release. DTE Energy expressly disclaims any current intention to update any forward-looking statements contained in this release as a result of new information or future events or developments. Words such as “anticipate,” “believe,” “expect,” “projected,” “aspiration” and “goals” signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various assumptions, risks and uncertainties. This release contains forward-looking statements about DTE Energy’s financial results and estimates of future prospects, and actual results may differ materially.

Many factors impact forward-looking statements including, but not limited to, the following: impact of regulation by the EPA, FERC, MPSC, NRC, and CFTC, as well as other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals, or new legislation, including legislative amendments and retail access programs; economic conditions and population changes in our geographic area resulting in changes in demand, customer conservation, and thefts of electricity and, for DTE Energy, natural gas; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; health, safety, financial, environmental, and regulatory risks associated with ownership and operation of nuclear facilities; changes in the cost and availability of coal and other raw materials, purchased power, and natural gas; volatility in the short-term natural gas storage markets impacting third-party storage revenues related to DTE Energy; impact of volatility of prices in the oil and gas markets on DTE Energy's gas storage and pipelines operations; impact of volatility in prices in the international steel markets on DTE Energy's power and industrial projects operations; volatility in commodity markets, deviations in weather, and related risks impacting the results of DTE Energy's energy trading operations; changes in the financial condition of DTE Energy's significant customers and strategic partners; the potential for losses on investments, including nuclear decommissioning and benefit plan assets and the related increases in future expense and contributions; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; the timing and extent of changes in interest rates; the level of borrowings; the potential for increased costs or delays in completion of significant capital projects; changes in, and application of, federal, state, and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings, and audits; the effects of weather and other natural phenomena on operations and sales to customers, and purchases from suppliers; unplanned outages; the cost of protecting assets against, or damage due to, terrorism or cyber attacks; employee relations and the impact of collective bargaining agreements; the risk of a major safety incident at an electric distribution or generation facility and, for DTE Energy, a gas storage, transmission, or distribution facility; the availability, cost, coverage, and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of plant and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy, and other business issues; contract disputes, binding arbitration, litigation, and related appeals; and the risks discussed in our public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements speak only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. This presentation should also be read in conjunction with the Forward-Looking Statements section of the joint DTE Energy and DTE Electric 2015 Form 10-K and 2016 Forms 10-Q (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric.

For further information, members of the media may call:

Stephanie Beres, DTE Energy, 313.235.5555

Analysts, for further information call:

Barbara Tuckfield, DTE Energy, 313. 235.1018

Joyce Leslie, DTE Energy, 313.235.3209

DTE Energy Company
Consolidated Statements of Operations (Unaudited)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(In millions, except per share amounts)
Operating Revenues
Utility operations	$	1,748		$	1,528		$	4,847		$	4,726
Non-utility operations	1,180			1,070			2,909			3,124
	2,928			2,598			7,756			7,850
Operating Expenses
Fuel, purchased power, and gas — utility	503			458			1,482			1,585
Fuel, purchased power, and gas — non-utility	1,034			870			2,527			2,644
Operation and maintenance	562			542			1,620			1,600
Depreciation and amortization	230			196			702			625
Taxes other than income	92			91			282			282
Asset (gains) losses and impairments, net	—			1			(1		)	9
	2,421			2,158			6,612			6,745
Operating Income	507			440			1,144			1,105
Other (Income) and Deductions
Interest expense	114			116			341			341
Interest income	(3		)	(4		)	(17		)	(10		)
Other income	(51		)	(55		)	(160		)	(155		)
Other expenses	12			17			27			36
	72			74			191			212
Income Before Income Taxes	435			366			953			893
Income Tax Expense	110			102			243			250
Net Income	325			264			710			643
Less: Net Loss Attributable to Noncontrolling Interests	(13		)	(1		)	(27		)	(4		)
Net Income Attributable to DTE Energy Company	$	338		$	265		$	737		$	647
Basic Earnings per Common Share
Net Income Attributable to DTE Energy Company	$	1.88		$	1.47		$	4.10		$	3.61
Diluted Earnings per Common Share
Net Income Attributable to DTE Energy Company	$	1.88		$	1.47		$	4.10		$	3.61
Weighted Average Common Shares Outstanding
Basic	179			179			179			179
Diluted	180			180			180			179
Dividends Declared per Common Share	$	0.77		$	0.73		$	2.23		$	2.11

DTE Energy Company
Segment Net Income (Unaudited)
	Three Months Ended September 30,
	2016									2015
	Reported Earnings			Adjustments			Operating Earnings			Reported Earnings			Adjustments				Operating Earnings
	(In millions)
DTE Electric	$	285		$	—		$	285		$	214		$	—			$	214
DTE Gas	(4		)	—			(4		)	(11		)	—				(11		)
Non-utility operations
Gas Storage and Pipelines	28			—			28			27			—				27
Power and Industrial Projects	34			1		A	35			32			—				32
Energy Trading	(4		)	14		B	10			12			(13		)	B	(1		)
Total Non-utility operations	58			15			73			71			(13		)		58
Corporate and Other	(1		)	—			(1		)	(9		)	—				(9		)
Net Income Attributable to DTE Energy Company	$	338		$	15		$	353		$	265		$	(13	)		$	252
Adjustments key
A) Closure of Shenango coke battery due to impacts from downturn in North American steel industry — recorded in Operating Expenses — Asset (gains) losses and impairments, net
B) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, and gas — non-utility (net of tax of $9 million in 2016 and ($8) million in 2015)

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)
	Three Months Ended September 30,
	2016									2015
	Reported Earnings			Adjustments (1)			Operating Earnings			Reported Earnings			Adjustments (1)				Operating Earnings
DTE Electric	$	1.58		$	—		$	1.58		$	1.19		$	—			$	1.19
DTE Gas	(0.03		)	—			(0.03		)	(0.06		)	—				(0.06		)
Non-utility operations
Gas Storage and Pipelines	0.16			—			0.16			0.15			—				0.15
Power and Industrial Projects	0.19			0.01		A	0.20			0.17			—				0.17
Energy Trading	(0.02		)	0.07		B	0.05			0.07			(0.07		)	B	—
Total Non-utility operations	0.33			0.08			0.41			0.39			(0.07		)		0.32
Corporate and Other	—			—			—			(0.05		)	—				(0.05		)
Net Income Attributable to DTE Energy Company	$	1.88		$	0.08		$	1.96		$	1.47		$	(0.07	)		$	1.40
(1) Per share amounts for the adjustments are based on the after-tax effect for each item, divided by the diluted weighted average common shares outstanding, as noted on the Consolidated Statements of Operations (Unaudited)
Adjustments key — see previous page

DTE Energy Company
Segment Net Income (Unaudited)
	Nine Months Ended September 30,
	2016									2015
	Reported Earnings			Adjustments			Operating Earnings			Reported Earnings			Adjustments				Operating Earnings
	(In millions)
DTE Electric	$	547		$	—		$	547		$	449		$	12		C	$	461
DTE Gas	96			—			96			93			—				93
Non-utility operations
Gas Storage and Pipelines	93			—			93			79			—				79
Power and Industrial Projects	66			7		A	73			73			10			D	83
Energy Trading	(34		)	60		B	26			—			24			B	14
													(10		)	E
Total Non-utility operations	125			67			192			152			24				176
Corporate and Other	(31		)	—			(31		)	(47		)	—				(47		)
Net Income Attributable to DTE Energy Company	$	737		$	67		$	804		$	647		$	36			$	683
Adjustments key
A) Closure of Shenango coke battery due to impacts from downturn in North American steel industry — recorded in Operating Expenses — Asset (gains) losses and impairments, net (net of tax of $4 million)
B) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, and gas — non-utility (net of tax of $38 million in 2016 and $16 million in 2015)
C) MPSC disallowance of Fermi 2 related purchased power costs resulting from reduced output in 2012 and 2013 due to a pump failure — recorded in Operating Revenues — Utility operations (net of tax of $8 million)
D) Contract termination resulting in the closure of a renewable power generating facility — recorded in Operating Expenses — Asset (gains) losses and impairments, net (net of tax of $6 million)
E) Refund of natural gas pipeline demand charges as a result of a Federal Energy Regulatory Commission rate order — recorded in Operating Expenses — Fuel, purchased power, and gas — non-utility, net of tax of ($7) million

DTE Energy Company
Segment Diluted Earnings Per Share (Unaudited)
	Nine Months Ended September 30,
	2016									2015
	Reported Earnings			Adjustments (1)			Operating Earnings			Reported Earnings			Adjustments (1)				Operating Earnings
DTE Electric	$	3.04		$	—		$	3.04		$	2.51		$	0.07		C	$	2.58
DTE Gas	0.53			—			0.53			0.52			—				0.52
Non-utility operations
Gas Storage and Pipelines	0.52			—			0.52			0.44			—				0.44
Power and Industrial Projects	0.37			0.04		A	0.41			0.40			0.05			D	0.45
Energy Trading	(0.19		)	0.33		B	0.14			—			0.14			B	0.08
				—									(0.06		)	E
Total Non-utility operations	0.70			0.37			1.07			0.84			0.13				0.97
Corporate and Other	(0.17		)	—			(0.17		)	(0.26		)	—				(0.26		)
Net Income Attributable to DTE Energy Company	$	4.10		$	0.37		$	4.47		$	3.61		$	0.20			$	3.81
(1) Per share amounts for the adjustments are based on the after-tax effect for each item, divided by the diluted weighted average common shares outstanding, as noted on the Consolidated Statements of Operations (Unaudited)
Adjustments key — see previous page

EX-99.2

3rd Quarter 2016 Earnings Conference Call October 26, 2016 EXHIBIT 99.2

Safe Harbor Statement Many factors impact forward-looking statements including, but not limited to, the following: impact of regulation by the EPA, FERC, MPSC, NRC, and CFTC, as well as other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals, or new legislation, including legislative amendments and retail access programs; economic conditions and population changes in our geographic area resulting in changes in demand, customer conservation, and thefts of electricity and, for DTE Energy, natural gas; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; health, safety, financial, environmental, and regulatory risks associated with ownership and operation of nuclear facilities; changes in the cost and availability of coal and other raw materials, purchased power, and natural gas; volatility in the short-term natural gas storage markets impacting third-party storage revenues related to DTE Energy; impact of volatility of prices in the oil and gas markets on DTE Energy's gas storage and pipelines operations; impact of volatility in prices in the international steel markets on DTE Energy's power and industrial projects operations; volatility in commodity markets, deviations in weather, and related risks impacting the results of DTE Energy's energy trading operations; changes in the financial condition of DTE Energy's significant customers and strategic partners; the potential for losses on investments, including nuclear decommissioning and benefit plan assets and the related increases in future expense and contributions; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; the timing and extent of changes in interest rates; the level of borrowings; the potential for increased costs or delays in completion of significant capital projects; changes in, and application of, federal, state, and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings, and audits; the effects of weather and other natural phenomena on operations and sales to customers, and purchases from suppliers; unplanned outages; the cost of protecting assets against, or damage due to, terrorism or cyber attacks; employee relations and the impact of collective bargaining agreements; the risk of a major safety incident at an electric distribution or generation facility and, for DTE Energy, a gas storage, transmission, or distribution facility; the availability, cost, coverage, and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of plant and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy, and other business issues; contract disputes, binding arbitration, litigation, and related appeals; and the risks discussed in our public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause results to differ materially from those contained in any forward- looking statement. Any forward-looking statements speak only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. This presentation should also be read in conjunction with the Forward-Looking Statements section of the joint DTE Energy and DTE Electric 2015 Form 10-K and 2016 Forms 10-Q (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric. 2

• Peter Oleksiak – Senior Vice President and CFO • Barbara Tuckfield – Director, Investor Relations Participants 3

* Reconciliation to GAAP reported earnings included in the appendix Strong year-to-date financial results − Raised 2016 operating EPS* guidance in September − Investing in infrastructure improvements − Updating cash and capital guidance Employee safety performance best in company’s history Midstream assets acquired in the SW Marcellus / Dry Utica region 4 We continue to make progress on many fronts

3Q 2015 3Q 2016 Change DTE Electric 214$ 285$ 71$ DTE Gas (11) (4) 7 Gas Storage & Pipelines 27 28 1 Power & Industrial Projects 32 35 3 Corporate & Other (9) (1) 8 Growth segments** 253$ 343$ 90$ Growth segments operating EPS 1.40$ 1.91$ 0.51$ Energy Trading (1) 10 11 DTE Energy 252$ 353$ 101$ Operating EPS 1.40$ 1.96$ 0.56$ Avg. Shares Outstanding 180 180 Operating Earnings Drivers DTE Electric • Primarily weather and rate implementation DTE Gas • Primarily main replacement surcharge and storage and transport services Power & Industrial Projects • Higher REF earnings offset by lower steel related earnings Corporate & Other • Timing of taxes Energy Trading • Primarily higher realized power results (millions, except EPS) 5 3rd Quarter 2016 Operating Earnings* Variance ** Total DTE Energy excluding Energy Trading * Reconciliation to GAAP reported earnings included in the appendix

** Total DTE Energy excluding Energy Trading We are confident in achieving our 2016 operating EPS* guidance 2016 YTD 3Q Actuals DTE Electric DTE Gas Gas Storage & Pipelines Power & Industrial Projects Corporate & Other Growth segments** Growth segments operating EPS Energy Trading DTE Energy Operating EPS Avg. Shares Outstanding $547 96 93 73 (31) $778 $4.33 26 $804 180 $4.47 2016 Guidance $5.01 - $5.21 $5.09 - $5.35 $615 - $625 135 - 141 115 - 120 90 - 100 (55) - (51) $900 - $935 15 - 25 $915 - $960 180 6 * Reconciliation to GAAP reported earnings included in the appendix (millions, except EPS)  

Capital Expenditures Summary Prior Guidance Revised Guidance DTE Electric Distribution Infrastructure $610 $610 New Generation 150 150 Maintenance & Other 790 790 $1,550 $1,550 DTE Gas Base Infrastructure $220 $220 NEXUS Related 110 110 Main Replacement** 100 100 $430 $430 Non-Utility $520 – 720 $1,800 Total $2,500 – 2,700 $3,780 (millions) Cash Flow Summary Prior Guidance Revised Guidance Cash From Operations* $1.8 $2.0 Capital Expenditures (2.7) (3.8) Free Cash Flow ($0.9) ($1.8) Asset Sales & Other - - Dividends (0.5) (0.5) Net Cash ($1.4) ($2.3) Debt Financing: Issuances $1.9 $2.7 Redemptions (0.5) (0.4) Change in Debt $1.4 $2.3 7 We are updating our 2016 cash flow and capital expenditures guidance (billions) ** Includes Main Renewal / Meter Move-out / Pipeline Integrity * Prior guidance included ~$0.1b of equity issued for employee benefit programs

25% 21% 2014 2015 2016E 51% 52% 2014 2015 2016E Leverage* Funds from Operations** / Debt* Target 50% - 53% Target 20% + Strong balance sheet remains a key priority and supports growth 8 • 2016 equity issuance not required due to stronger than planned earnings and cash flow • In early October, DTE Energy issued $1.0 billion of senior notes and $675 million of mandatory convertible securities • $1.6 billion of available liquidity as of September 30, 2016 ** Funds from Operations (FFO) is calculated using operating earnings * Debt excludes securitization, a portion of DTE Gas’ short-term debt, and considers 50% of the Junior Subordinated Notes as equity

• Achieving our 2016 operating EPS* guidance... ...as a result of strong year-to-date performance • Investing in aging utility infrastructure... ...driving increased customer reliability • Executing on strategic growth opportunities at our non-utility businesses... ...as evidenced by the recent acquisition • Maintaining strong cash flow and balance sheet... ...supporting our future growth opportunities Summary EEI conference presentation is November 8th with Gerry Anderson – Chairman & CEO Webcast access: www.dteenergy.com/investors 9 * Reconciliation to GAAP reported earnings included in the appendix

DTE Energy Investor Relations www.dteenergy.com/investors (313) 235-8030 Contact Us 10

Appendix

Drivers • Warmer weather Variance to normal weather - 3Q 2015: $4 - 3Q 2016: $53 • August 1, 2016 rate implementation supporting infrastructure improvements to enhance customer reliability • Other consists primarily of rate base growth (depreciation, property tax and interest) Operating Earnings* Variance (millions) $214 $285 $49 $30 ($8) DTE Electric Variance Analysis 12 * Reconciliation to GAAP reported earnings included in the appendix 3Q 2015 Operating Earnings 3Q 2016 Operating Earnings Weather Rate Implementation Other

3Q 2015 3Q 2016 % change 3Q 2015 3Q 2016 % change Actuals 605 823 36% Actuals 74 47 (36%) Normal 580 580 0% Normal 134 125 (7%) Deviation from normal 4% 42% Deviation from normal (45%) (62%) YTD 2015 YTD 2016 % change YTD 2015 YTD 2016 % change Actuals 835 1,098 31% Actuals 4,564 3,802 (17%) Normal 795 795 0% Normal 4,138 4,220 2% Deviation from normal 5% 38% Deviation from normal 10% (10%) 3Q YTD 3Q YTD $4 $12 ($1) $17 $53 $59 ($1) ($12) 3Q YTD 3Q YTD $0.02 $0.07 ($0.01) $0.09 $0.29 $0.33 ($0.01) ($0.07) (Includes Electric Choice) (GWh) YTD 2015 YTD 2016 % change Residential 11,568 11,633 1% Commercial 15,197 15,441 2% Industrial** 9,117 9,001 (1%) Other 209 193 (8%) TOTAL SALES*** 36,091 36,268 0% Cooling degree days Heating degree days DTE Electric service territory DTE Gas service territory Earnings impact of weather - DTE Electric Earnings impact of weather - DTE Gas Variance from normal weather Variance from normal weather ($ millions, after-tax) ($ millions, after-tax) 2015 2015 2016 2016 ($ per share) ($ per share) 2015 2015 2016 2016 Weather Normal Electric Sales* - DTE Electric Service Area Weather and DTE Electric Weather Normal Sales 13 *** Includes choice of 3,723 YTD 2015 and 3,694 YTD 2016 ** 2015 includes sales adjusted for steel resolution * Includes adjustments for temperature normalization and customer outages due to weather

Capital Expenditures Summary YTD 2015 YTD 2016 DTE Electric Distribution Infrastructure $433 $381 New Generation 261 101 Maintenance & Other 591 517 $1,285 $999 DTE Gas Base Infrastructure $134 $138 NEXUS Related - 45 Main Replacement** 61 85 $195 $268 Non-Utility $219 $274 Total $1,699 $1,541 (millions) Cash Flow Summary YTD 2015 YTD 2016 Cash From Operations* $1.5 $1.8 Capital Expenditures (1.7) (1.5) Free Cash Flow ($0.2) $0.3 Asset Sales & Other 0.1 - Dividends (0.4) (0.4) Net Cash ($0.5) ($0.1) Debt Financing: Issuances $1.0 $0.6 Redemptions (0.5) (0.5) Change in Debt $0.5 $0.1 14 September YTD 2016 Cash Flow and Capital Expenditures (billions) ** Includes Main Renewal / Meter Move-out / Pipeline Integrity * Includes ~$0.2b and $0 of equity issued for employee benefit programs in 2015 and 2016, respectively

3Q 2016 Economic Net Income Accounting Adjustments** 3Q 2016 Operating Earnings* ($1) $14 • 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 Operating Earnings* Realized Unrealized O&M / Other 3Q 2016 3Q 2015 $17 ($3) 14 2 (9) (12) (millions, after-tax) $10 ($1) 3Q 2015 Operating Earnings* 3Q 2015 Economic Net Income Accounting Adjustments** $15 $10 ($9) $1 3rd Quarter Trading Reconciliation of Operating Earnings* to Economic Net Income (millions) 15 *** Economic gross margin is the change in net fair value of realized and unrealized purchase and sale contracts including certain non-derivative contract costs ** Consists of 1) the income statement effect of not recognizing changes in the fair market value of certain non-derivative contracts including physical inventory and capacity contracts for transportation, transmission and storage. These contracts are not marked-to-market, instead are recognized for accounting purposes on an accrual basis; and 2) operating adjustments for unrealized marked-to-market changes of certain derivative contracts * Reconciliation to GAAP reported earnings included in the appendix

YTD 2016 Economic Net Income Accounting Adjustments** YTD 2016 Operating Earnings* $14 $53 • 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 Operating Earnings* Realized Unrealized O&M / Other YTD 2016 YTD 2015 $52 $25 24 6 (32) (35) (millions, after-tax) $26 $14 YTD 2015 Operating Earnings* YTD 2015 Economic Net Income Accounting Adjustments** $39 $26 $5 $31 September YTD Trading Reconciliation of Operating Earnings* to Economic Net Income (millions) 16 *** Economic gross margin is the change in net fair value of realized and unrealized purchase and sale contracts including certain non-derivative contract costs ** Consists of 1) the income statement effect of not recognizing changes in the fair market value of certain non-derivative contracts including physical inventory and capacity contracts for transportation, transmission and storage. These contracts are not marked-to-market, instead are recognized for accounting purposes on an accrual basis; and 2) operating adjustments for unrealized marked-to-market changes of certain derivative contracts * Reconciliation to GAAP reported earnings included in the appendix

Use of Operating Earnings Information – DTE Energy management believes that operating earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings are presented both with and without Energy Trading. The term “Growth Segments” refers to DTE Energy without Energy Trading and represents the business segments that management expects to generate earnings growth going forward. 3rd Quarter 2016 Reconciliation of Reported to Operating Earnings 17 ** Total tax impact of adjustments to reported EPS: $0.05 * Total tax impact of adjustments to reported earnings: $9m Q 2016 DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 285$ (4)$ 28$ 34$ (1)$ 342$ (4)$ 338$ Plant closure - - - 1 - 1 - 1 Certain mark-to-market transactions - - - - - - 14 14 Operating Earnings 285$ (4)$ 28$ 35$ (1)$ 343$ 10$ 353$ Net Income (millions) 3Q 2016 DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 1.58$ (0.03)$ 0.16$ 0.19$ -$ 1.90$ (0.02)$ 1.88$ Plant closure - - - 0.01 - 0.01 - 0.01 Certain mark-to-market transactions - - - - - - 0.07 0.07 Operating Earnings 1.58$ (0.03)$ 0.16$ 0.20$ -$ 1.91$ 0.05$ 1.96$ EPSAfter-tax items: After-tax items: * **

September YTD 2016 Reconciliation of Reported to Operating Earnings 18 ** Total tax impact of adjustments to reported EPS: $0.23 * Total tax impact of adjustments to reported earnings: $42m Use of Operating Earnings Information – DTE Energy management believes that operating earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings are presented both with and without Energy Trading. The term “Growth Segments” refers to DTE Energy without Energy Trading and represents the business segments that management expects to generate earnings growth going forward. YTD September Actual DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 547$ 96$ 93$ 66$ (31)$ 771$ (34)$ 737$ Plant closure - - - 7 - 7 - 7 Certain mark-to-market transactions - - - - - - 60 60 Operating Earnings 547$ 96$ 93$ 73$ (31)$ 778$ 26$ 804$ Net Income (millions) YTD September Actual DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 3.04$ 0.53$ 0.52$ 0.37$ (0.17)$ 4.29$ (0.19)$ 4.10$ Plant closure - - - 0.04 - 0.04 - 0.04 Certain mark-to-market transactions - - - - - - 0.33 0.33 Operating Earnings 3.04$ 0.53$ 0.52$ 0.40$ (0.17)$ 4.33$ 0.14$ 4.47$ EPS After-tax items: After-tax items: * **

3rd Quarter 2015 Reconciliation of Reported to Operating Earnings 19 ** Total tax impact of adjustments to reported EPS: ($0.05) * Total tax impact of adjustments to reported earnings: ($8)m Use of Operating Earnings Information – DTE Energy management believes that operating earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings are presented both with and without Energy Trading. The term “Growth Segments” refers to DTE Energy without Energy Trading and represents the business segments that management expects to generate earnings growth going forward. 3Q 2015 A tual DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 214$ (11)$ 27$ 32$ (9)$ 253$ 12$ 265$ Certain mark-to-market transactions - - - - - - (13) (13) Operating Earnings 214$ (11)$ 27$ 32$ (9)$ 253$ (1)$ 252$ Net Income (millions) 3Q 2015 Actual DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 1.19$ (0.06)$ 0.15$ 0.17$ (0.05)$ 1.40$ 0.07$ 1.47$ Certain mark-to-market transactions - - - - - - (0.07) (0.07) Operating Earnings 1.19$ (0.06)$ 0.15$ 0.17$ (0.05)$ 1.40$ 0.00$ 1.40$ EPS After-tax items: After-tax items: * **

September YTD 2015 Reconciliation of Reported to Operating Earnings 20 YTD September Actual DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported Earnings 449$ 93$ 79$ 73$ (47)$ 647$ -$ 647$ PSCR disallowances 12 - - - - 12 - 12 Contract termination - - - 10 - 10 - 10 Natural gas pipeline refund - - - - - - (10) (10) Certain mark-to-market transactions - - - - - - 24 24 Operating Earnings 461$ 93$ 79$ 83$ (47)$ 669$ 14$ 683$ Net Income (millions) YTD September Actual DTE Electric DTE Gas Gas Storage and Pipelines Power and Industrial Projects Corporate and Other Growth Segments Energy Trading DTE Energy Reported E rnings 2.51$ 0.52$ 0.44$ 0.40$ (0.26)$ 3.61$ 0.00$ 3.61$ PSCR disallowances 0.07 - - - - 0.07 - 0.07 Contract termination - - - 0.05 - 0.05 - 0.05 Natural gas pipeline refund - - - - - - (0.06) (0.06) Certain mark-to-market transactions - - - - - - 0.14 0.14 Operating Earnings 2.58$ 0.52$ 0.44$ 0.45$ (0.26)$ 3.73$ 0.08$ 3.81$ EPS After-tax items: After-tax items: ** Total tax impact of adjustments to reported EPS: $0.13 * Total tax impact of adjustments to reported earnings: $23m Use of Operating Earnings Information – DTE Energy management believes that operating earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings are presented both with and without Energy Trading. The term “Growth Segments” refers to DTE Energy without Energy Trading and represents the business segments that management expects to generate earnings growth going forward. * **

Use of Operating Earnings Information – DTE Energy management believes that operating earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. In this presentation, DTE Energy provides guidance for future period operating earnings. It is likely that certain items that impact the company’s future period reported results will be excluded from operating results. A reconciliation to the comparable future period reported earnings is not provided because it is not possible to provide a reliable forecast of specific line items. These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. Reconciliation of Other Reported to Operating Earnings 21