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<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 1 - us-gaap:SignificantAccountingPoliciesTextBlock-->
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt"><font style="font-variant: SMALL-CAPS"><b></b></font>
<font style="font-variant: SMALL-CAPS"><b></b></font>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 1 — GENERAL</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company is a diversified energy company. It is the parent company of Detroit Edison and
MichCon, regulated electric and gas utilities engaged primarily in the business of providing
electricity and natural gas sales, distribution and storage services throughout southeastern
Michigan. The Company also operates four energy-related non-utility segments with operations
throughout the United States.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">These Consolidated Financial Statements should be read in conjunction with the Notes to
Consolidated Financial Statements included in the 2008 Annual Report on Form 10-K.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The accompanying Consolidated Financial Statements are prepared using accounting principles
generally accepted in the United States of America. These accounting principles require management
to use estimates and assumptions that impact reported amounts of assets, liabilities, revenues and
expenses, and the disclosure of contingent assets and liabilities. Actual results may differ from
the Company’s estimates.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Consolidated Financial Statements are unaudited, but in our opinion include all adjustments
necessary for a fair presentation of such financial statements. All adjustments are of a normal
recurring nature, except as otherwise disclosed in these Consolidated Financial Statements and
Notes to Consolidated Financial Statements. Financial results for this interim period are not
necessarily indicative of results that may be expected for any other interim period or for the
fiscal year ending December 31, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Certain prior year amounts have been reclassified to reflect current year classifications.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Asset Retirement Obligations</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company records asset retirement obligations in accordance with SFAS No. 143, <i>Accounting for
Asset Retirement Obligations </i>and FASB Interpretation Number (FIN) 47, <i>Accounting for Conditional
Asset Retirement Obligations, an interpretation of FASB Statement No. 143</i>. The Company has a legal
retirement obligation for the decommissioning costs for its Fermi 1 and Fermi 2 nuclear plants. To
a lesser extent, the Company has legal retirement obligations for gas production facilities, gas
gathering facilities and various other operations. The Company has conditional retirement
obligations for gas pipeline retirement costs and disposal of asbestos at certain of its power
plants. To a lesser extent, the Company has conditional retirement obligations at certain service
centers, compressor and gate stations, and disposal costs for PCB contained within transformers and
circuit breakers. The Company recognizes such obligations as liabilities at fair market value when
they are incurred, which generally is at the time the associated assets are placed in service. Fair
value is measured using expected future cash outflows discounted at our credit-adjusted risk-free
rate.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">For the Company’s regulated operations, timing differences arise in the expense recognition of
legal asset retirement costs that the Company is currently recovering in rates. The Company defers
such differences under SFAS No. 71, <i>Accounting for the Effects of Certain Types of Regulation</i>.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">A reconciliation of the asset retirement obligations for the six months ended June 30, 2009
follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="88%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td align="left">(in Millions)</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Asset retirement obligations at January 1, 2009
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,361</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accretion
</div></td>
<td> </td>
<td> </td>
<td align="right">44</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Liabilities settled
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Revision in estimated cash flows
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Asset retirement obligations at June 30, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">1,397</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less amount included in current liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">19</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,378</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">Approximately $1.2 billion of the asset retirement obligations represent nuclear decommissioning
liabilities that are funded through a surcharge to electric customers over the life of the Fermi 2
nuclear power plant.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Goodwill</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">We performed our annual goodwill impairment test on October 1, 2008 and determined that the
estimated fair value of our reporting units exceeded their carrying value, and no impairment
existed. In the period from October 1, 2008 to March 31, 2009, DTE Energy’s stock price declined
31 percent and at March 31, 2009 was approximately 26 percent below its book value per share of
$37.29. We deemed the lengthening duration and severity of the decline in DTE Energy’s stock price
to be a triggering event to test for potential goodwill impairment for the first quarter. In
performing Step 1 of the impairment test, we compared the fair value of the reporting unit to its
carrying value including goodwill. If the carrying value including goodwill were to exceed the
fair value of a reporting unit, Step 2 of the test would be performed. Step 2 of the impairment
test requires the carrying value of goodwill to be reduced to its fair value, if lower, as of the
test date. All reporting units passed Step 1 of the impairment test.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">For the quarter ended June 30, 2009, DTE Energy’s closing stock price increased approximately 16
percent. Although DTE is still trading at a discount to book value at the end of the second
quarter, the discount improved to approximately 14 percent at June 30, 2009 from approximately 26
percent at March 31, 2009. In assessing whether the continuing discount to book value was an
indication of impairment, we considered the following factors: (1) the severity of the decline in
DTE’s share price experienced since the fourth quarter of 2008 has diminished and is beginning to
recover; and (2) the assumptions incorporated in the first quarter impairment test have either
improved or have not changed significantly during the second quarter such that they would change
the results of Step 1. As a result of this assessment, we determined that the continuing discount
to book value was not a triggering event for impairment testing purposes.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">We did, however, identify a goodwill impairment test trigger for our Energy Services reporting unit
related to the long-lived asset impairment tests that were performed during the second quarter on
certain automotive-related project companies. Accordingly, we performed an interim goodwill
impairment test for Energy Services. The fair value of the reporting unit exceeded its carrying
value including goodwill. Therefore, the reporting unit passed Step 1 of the impairment test.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Intangible Assets</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company has certain intangible assets relating to non-utility contracts and emission
allowances. The Company amortizes intangible assets on a straight-line basis over the expected
period of benefit, ranging from 4 to 30 years. The gross carrying amount and accumulated
amortization of intangible assets at June 30, 2009 were $75 million and $17 million, respectively.
The gross carrying amount and accumulated amortization of intangible assets at December 31, 2008
were $85 million and $15 million, respectively. Amortization expense of intangible assets is
estimated to be $7 million annually for the years 2009 through 2013.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Retirement Benefits and Trusteed Assets</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following details the components of net periodic benefit costs for pension benefits and other
postretirement benefits:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Other Postretirement</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>Three Months Ended June 30</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Pension Benefits</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Benefits</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>13</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">13</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>14</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">16</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>51</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>33</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected return on plan assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(64</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(65</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(14</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net actuarial loss
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>13</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>19</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Prior service cost
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net transition liability
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net periodic benefit cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>15</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>50</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">35</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000"><b>Other Postretirement</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>Six Months Ended June 30</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Pension Benefits</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Benefits</b></td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>26</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>29</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">31</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>101</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">95</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>67</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">61</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected return on plan assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(127</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(130</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(28</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(38</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net actuarial loss
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>26</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>36</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Prior service cost
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net transition liability
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net periodic benefit cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>29</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>102</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">71</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company expects to contribute $250 million to its pension plans during 2009. A $20 million
contribution was made to the plans in the second quarter of 2009 and approximately $70 million of
contributions were made to the plans in the six-month period ended June 30, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company expects to contribute $130 million to its postretirement medical and life insurance
benefit plans during 2009. No contributions were made in the second quarter of 2009. Approximately
$40 million of contributions were made to the plans in the six-month period ended June 30, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Income Taxes</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company’s effective tax rate from continuing operations for the three months ended June 30,
2009 was 24 percent as compared to 38 percent for the three months ended June 30, 2008, and for the
six months ended June 30, 2009 was 32 percent as compared to 37 percent for the six months ended
June 30, 2008. The 2009 rate is lower than 2008 due primarily to the recognition of tax benefits
from the settlement of tax audits.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company had $7 million of unrecognized tax benefits at June 30, 2009 and $18 million at
December 31, 2008 that, if recognized, would favorably impact its effective tax rate. During the
quarter ended June 30, 2009, the Company settled a federal tax audit for the 2004 through 2006 tax
years, which resulted in the recognition of $9 million of unrecognized tax benefits. During the
next twelve months, it is reasonably possible that the Company will settle certain state
examinations and audits. Furthermore, the statutes of limitations will expire for the Company’s
tax returns in various states. Therefore, the Company believes that it is reasonably possible that
there will be a decrease in unrecognized tax benefits of $1 million to $2 million within the next
twelve months.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Stock-Based Compensation</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company’s stock incentive program permits the grant of incentive stock options, non-qualifying
stock options, stock awards, performance shares and performance units. Participants in the Plan
include the Company’s employees and members of its Board of Directors.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company recorded stock-based compensation expense of $12 million and $18 million, with an
associated tax benefit of $5 million and $6 million for the three months ended June 30, 2009 and
2008, respectively. The Company recorded stock-based compensation expense of $13 million and $25
million, with an associated tax benefit of $5 million and $9 million for the six months ended June
30, 2009 and 2008, respectively. Compensation cost capitalized in property, plant and equipment was
$0.7 million and $0.6 million during the three months ended June 30, 2009 and 2008, respectively.
Compensation cost capitalized in property, plant and equipment was $0.8 million and $1 million
during the six months ended June 30, 2009 and 2008, respectively.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Stock Options</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following table summarizes our stock option activity for the six months ended June 30, 2009:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(in Millions)</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Weighted</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Aggregate</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Number of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Average</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Intrinsic</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Options</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Exercise Price</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Value</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Options outstanding at January 1, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">5,013,699</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">42.45</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Granted
</div></td>
<td> </td>
<td> </td>
<td align="right">812,500</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">27.75</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Exercised
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,995</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">27.62</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Forfeited or expired
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(114,760</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">41.31</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Options outstanding at June 30, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">5,704,444</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">40.40</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.9</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Options exercisable at June 30, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">4,232,293</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">42.43</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td nowrap="nowrap" align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">As of June 30, 2009, the weighted average remaining contractual life for the exercisable shares was
4.6 years. As of June 30, 2009, 1,472,151 options were non-vested. During the six months ended June
30, 2009, 587,571 options vested.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The weighted average grant date fair value of options granted during the six months ended June 30,
2009 was $4.41 per share. The intrinsic value of options exercised for the six months ended June
30, 2009 was $0.04 million. Total option expense recognized was $2 million in the six months ended
June 30, 2009 and 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company determined the fair value for these options at the date of grant using a Black-Scholes
based option pricing model and the following assumptions:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Six Months Ended</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000">June 30, 2008</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Risk-free interest rate
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right"><b>2.04</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">3.05</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividend yield
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right"><b>4.98</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">5.20</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected volatility
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right"><b>27.88</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">20.45</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected life
</div></td>
<td> </td>
<td colspan="3" align="center"><b>6 years</b></td>
<td> </td>
<td colspan="3" align="center">6 years</td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Restricted Stock Awards</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following summarizes restricted stock award activity for the six months ended June 30, 2009:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Weighted Average</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Restricted</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Grant Date</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Stock</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Fair Value</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance at January 1, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">931,722</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">45.31</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Grants
</div></td>
<td> </td>
<td> </td>
<td align="right">514,610</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">28.63</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Forfeitures
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(15,102</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="right">$</td>
<td align="right">41.52</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Vested and issued
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(288,535</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="right">$</td>
<td align="right">42.87</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance at June 30, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">1,142,695</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">38.48</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Performance Share Awards</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following summarizes performance share activity for the six months ended June 30, 2009:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="88%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Performance Shares</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance at January 1, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">1,321,501</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Grants
</div></td>
<td> </td>
<td> </td>
<td align="right">564,340</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Forfeitures
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(27,096</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Payouts
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(390,656</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance at June 30, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">1,468,089</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Unrecognized Compensation Cost</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">As of June 30, 2009, the Company had $45 million of total unrecognized compensation cost related to
non-vested stock incentive plan arrangements. These costs are expected to be recognized over a
weighted-average period of 1.50 years.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Offsetting Amounts Related to Certain Contracts</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Consistent with FSP FIN 39-1, <i>Amendment of FASB Interpretation No. 39</i>, the Company offset the fair
value of derivative instruments with cash collateral received or paid for those derivative
instruments executed with the same counterparty under a master netting agreement, which reduces
both the Company’s total assets and total liabilities. As of June 30, 2009, the total cash
collateral received, net of cash collateral posted, was $26 million. In accordance with FSP FIN
39-1, derivative assets and derivative liabilities are shown net of collateral of $58 million and
$32 million, respectively. At June 30, 2009, amounts not related to unrealized derivative positions
totaling $2 million were included in both accounts receivable and accounts payable, respectively.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Consolidated Statements of Cash Flows</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following provides detail of the changes in assets and liabilities that are reported in the
Consolidated Statements of Cash Flows, and supplementary cash information:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Six Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Changes in Assets and Liabilities, Exclusive of Changes Shown Separately</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Accounts receivable, net
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>488</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">280</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Accrued GCR revenue
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>17</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(113</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Inventories
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>78</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">53</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Accrued/prepaid pensions
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(73</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Accounts payable
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(203</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">22</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Accrued PSCR refund
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>82</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">95</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Exchange gas payable
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(31</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Income taxes payable
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>54</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">General taxes
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(11</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Derivative assets and liabilities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(90</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">350</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Deferred gains from asset sales
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Gas inventory equalization
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>96</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">153</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Postretirement obligation
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(21</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(35</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Other assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>143</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">58</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other liabilities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(82</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(89</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>475</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">771</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In connection with maintaining certain traded risk management positions, the Company may be
required to post cash collateral with its clearing agent. As a result, the Company entered into a
demand financing agreement for up to $120 million with its clearing agent in lieu of posting
additional cash collateral (a non-cash transaction). There was approximately $27 million
outstanding under this facility at June 30, 2009 and approximately $26 million outstanding as of
December 31, 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Subsequent Events</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company has evaluated subsequent events through July 31, 2009, the date that these financial
statements were issued.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 2 - us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><font style="font-variant: SMALL-CAPS"><b>NOTE 2 — NEW ACCOUNTING PRONOUNCEMENTS</b></font>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Fair Value Accounting</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In September 2006, the FASB issued SFAS No. 157, <i>Fair Value Measurements</i>. SFAS No. 157 defines fair
value, establishes a framework for measuring fair value in generally accepted accounting
principles, and expands disclosures about fair value measurements. It emphasizes that fair value is
a market-based measurement, not an entity-specific measurement. Fair value measurement should be
determined based on the assumptions that market participants would use in pricing an asset or
liability. Effective January 1, 2008, the Company adopted SFAS No. 157. As permitted by FASB Staff
Position FAS No. 157-2, the Company elected to defer the effective date of SFAS No. 157 as it
pertains to measurement and disclosures about the fair value of non-financial assets and
liabilities made on a nonrecurring basis. The Company has adopted the recognition provisions for
non-financial assets and liabilities as of January 1, 2009. See Note 3 for further disclosures.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In April 2009, the FASB issued three FSPs intended to provide additional application guidance and
enhance disclosures regarding fair value measurements and impairments of securities. The FSPs are
effective for interim and annual periods ending after June 15, 2009.
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FSP FAS 107-1 and APB 28-1, <i>Interim Disclosures about Fair Value of Financial
Instruments, </i>expands the fair value disclosures required for all financial instruments
within the scope of SFAS No. 107 to interim periods.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FSP FAS 157-4, <i>Determining Fair Value When the Volume and Level of Activity for the
Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not
Orderly, </i>which applies to all assets and liabilities, i.e., financial and nonfinancial,
reemphasizes that the objective of fair value remains unchanged (i.e., an exit price
notion). The FSP provides application guidance on measuring fair value when the volume and
level of activity has significantly decreased and identifying transactions that are not
orderly. The FSP also emphasizes that an entity cannot presume that an observable
transaction price is not orderly even when there has been a significant decline in the
volume and level of activity.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FSP FAS 115-2 and FAS 124-2, <i>Recognition and Presentation of Other-Than-Temporary
Impairments, </i>is intended to bring greater consistency to the timing of impairment
recognition, and provide greater clarity to investors about the credit and noncredit
components of impaired debt securities that are not expected to be sold.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company adopted these FSPs in the second quarter of 2009. The adoption of these FSPs did not
have a significant impact on DTE Energy’s consolidated financial statements.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating
Securities</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In June 2008, the FASB issued FSP EITF 03-6-1, <i>Determining Whether Instruments Granted in
Share-Based Payment Transactions are Participating Securities. </i>This FSP addresses whether
instruments granted in share-based payment transactions are participating securities prior to
vesting and, therefore, need to be included in the earnings allocation in computing earnings per
share (EPS) under the two-class method described in paragraphs 60 and 61 of SFAS No. 128, <i>Earnings
Per Share. </i>Unvested share-based payment awards that contain non-forfeitable rights to dividends or
dividend equivalents (whether paid or unpaid) are participating securities and shall be included in
the computation of EPS pursuant to the two-class method. Stock awards granted by the Company under
its stock-based compensation plan qualify as a participating security. This FSP is effective for
financial statements issued for fiscal years and interim periods beginning after December 15, 2008
and will be applied retrospectively. The Company adopted the requirements of the FSP effective
January 1, 2009. See Note 6 for further disclosure.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Noncontrolling Interests in Consolidated Financial Statements</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In December 2007, the FASB issued SFAS No. 160, <i>Noncontrolling Interests in Consolidated Financial</i><i>
Statements — an Amendment of ARB No. 51. </i>This Statement establishes accounting and reporting
standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a
subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an ownership interest in
the consolidated entity that should be reported as equity in the consolidated financial statements.
SFAS No. 160 is effective for fiscal years, and interim periods within those years,
beginning on or after December 15, 2008. This Statement shall be applied prospectively as of the
beginning of the fiscal year in which this Statement is initially applied, except for the
presentation and disclosure requirements which shall be applied retrospectively for all periods
presented. The Company adopted SFAS No. 160 as of January 1, 2009. Adoption of SFAS No. 160 did not
have a material effect on the Company’s consolidated financial statements.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Disclosures about Derivative Instruments and Guarantees</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In March 2008, the FASB issued SFAS No. 161, <i>Disclosures about Derivative Instruments and Hedging</i><i>
Activities — an amendment of FASB Statement No. 133</i>. This statement requires enhanced disclosures
about an entity’s derivative and hedging activities and thereby improves the transparency of
financial reporting. Entities are required to provide enhanced disclosures about (a) how and why an
entity uses derivative instruments, (b) how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and (c) how derivative
instruments and related hedged items affect an entity’s financial position, financial performance,
and cash flows.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">SFAS No. 161 is effective for financial statements issued for fiscal years and interim periods
beginning after November 15, 2008, with early application encouraged. Comparative disclosures for
earlier periods at initial adoption are encouraged but not required. The Company adopted SFAS No.
161 effective January 1, 2009. See
Note 3.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Subsequent Events</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In May 2009, the FASB issued SFAS No. 165, <i>Subsequent Events</i>. This statement provides guidance on
management’s assessment of subsequent events. The new standard clarifies that management must
evaluate, as of each reporting period, events or transactions that occur after the balance sheet
date
“through the date that the financial statements are issued or are available to be issued.”
Management
must perform its assessment for both interim and annual financial reporting periods. SFAS No. 165
does not significantly change the Company’s practice for evaluating such events. SFAS No. 165 is
effective prospectively for interim and annual periods ending after June 15, 2009 and requires
disclosure of the date subsequent events are evaluated through. The Company adopted SFAS No. 165
during the quarter ended June 30, 2009. See Note 1.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Transfers of Financial Assets</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In June 2009, the FASB issued SFAS No. 166, <i>Accounting for Transfers of Financial Assets — an
amendment of FASB No. 140. </i>This statement amends the derecognition guidance in SFAS No. 140 and
reflects the FASB’s response to issues entities have encountered when applying SFAS No. 140. In
addition, SFAS No. 166 addresses concerns expressed by the SEC, members of Congress, and financial
statement users about the accounting and disclosures required by SFAS No. 140 in the wake of the
subprime mortgage crisis and the deterioration in the
global credit markets. SFAS No. 166 is effective for financial asset transfers occurring after the
beginning of an entity’s first fiscal year that begins after November 15, 2009. Early adoption is
prohibited. SFAS No. 166 must be applied prospectively to transfers of financial assets occurring
on or after its effective date. Accordingly,
transferors should not reevaluate historical transfers of financial assets under the derecognition
criteria in SFAS No. 166. The adoption of SFAS No. 166 will not have a material impact on DTE
Energy’s consolidated financial statements.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Variable Interest Entities (VIE)</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In June 2009, the FASB issued SFAS No. 167, <i>Amendments to FASB Interpretation No. 46(R). </i>This
statement, amends the consolidation guidance that applies to VIEs and affects the overall
consolidation analysis under Interpretation 46(R). The amendments to the consolidation guidance
affect all entities and enterprises currently within the scope of Interpretation 46(R), as well as
qualifying special purpose entities that are currently outside the scope of Interpretation 46(R).
Accordingly, the Company will need to reconsider its previous Interpretation 46(R) conclusions,
including (1) whether an entity is a VIE, (2) whether the enterprise is the VIE’s primary
beneficiary, and (3) what type of financial statement disclosures are required. SFAS No. 167 is
effective as of the beginning of the first fiscal year that begins after November 15, 2009. Early
adoption is prohibited. The Company is currently assessing the impact of SFAS No. 167 on DTE
Energy’s consolidated financial statements.
</div>
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<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>FASB Accounting Standards Codification™ (Codification)</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In June 2009, the FASB voted to approve that on July 1, 2009, the Codification will become the
single source of authoritative nongovernmental U.S. GAAP. The Codification is a reorganization of
current GAAP into a topical format that eliminates the current GAAP hierarchy and establishes two
levels of guidance — authoritative and nonauthoritative. According to the FASB, all
“non-grandfathered, non-SEC accounting literature” that is not included in the Codification would
be considered nonauthoritative. The FASB has indicated that the Codification does not change
current GAAP. Instead, the proposed changes aim to (1) reduce the time and effort it takes for
users to research accounting questions and (2) improve the usability of current accounting
standards. The Codification is effective for interim and annual periods ending after September 15,
2009.
</div>
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<div align="left" style="font-size: 10pt; margin-top: 12pt"><font style="font-variant: SMALL-CAPS"><b>NOTE 3 —FINANCIAL AND OTHER DERIVATIVE INSTRUMENTS AND FAIR VALUE </b></font>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Financial and Other Derivative Instruments</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company complies with SFAS No. 133, <i>Accounting for Derivative Instruments and Hedging
Activities</i>, as amended and interpreted. Under SFAS No. 133, all derivatives are recognized on the
Consolidated Statement of Financial Position at their fair value unless they qualify for certain
scope exceptions, including normal purchases and normal sales exception. Further, derivatives that
qualify and are designated for hedge accounting are classified as either hedges of a forecasted
transaction or the variability of cash flows to be received or paid related to a recognized asset
or liability (cash flow hedge), or as hedges of the fair value of a recognized asset or liability
or of an unrecognized firm commitment (fair value hedge). For cash flow hedges, the portion of the
derivative gain or loss that is effective in offsetting the change in the value of the underlying
exposure is deferred in Accumulated other comprehensive income and later reclassified into earnings
when the underlying transaction occurs. For fair value hedges, changes in fair values for both the
derivative and the underlying hedged exposure are recognized in earnings each period. Gains and
losses from the ineffective portion of any hedge are recognized in earnings immediately. For
derivatives that do not qualify or are not designated for hedge accounting, changes in the fair
value are recognized in earnings each period.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company’s primary market risk exposure is associated with commodity prices, credit, interest
rates and foreign currency. The Company has risk management policies to monitor and manage market
risks. The Company uses derivative instruments to manage some of the exposure. The Company uses
derivative instruments for trading purposes in its Energy Trading segment and the coal marketing
activities of its Power and Industrial Projects segment. Contracts the Company typically classifies
as derivative instruments include power, gas, certain coal and oil forwards, futures, options and
swaps, and foreign currency contracts. Items it does not generally account for as derivatives
include proprietary gas inventory, gas storage and transportation arrangements, and gas and oil
reserves. The fair value of all derivatives is included in Derivative assets or liabilities on the
Consolidated Statements of Financial Position.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Utility Operations</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Detroit Edison </i>— Detroit Edison generates, purchases, distributes and sells electricity. Detroit
Edison uses forward energy and capacity contracts to manage changes in the price of electricity and
fuel. Substantially all of these contracts meet the normal purchases and sales exemption and are
therefore accounted for under the accrual method. Other derivative contracts are recoverable
through the PSCR mechanism when realized. This results in the deferral of unrealized gains and
losses as Regulatory assets or liabilities, until realized.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>MichCon </i>— MichCon purchases, stores, transports and distributes natural gas and sells storage and
transportation capacity. MichCon has fixed-priced contracts for portions of its expected gas supply
requirements through 2012. These gas-supply contracts are designated and qualify for the normal
purchases and sales exemption and are therefore accounted for under the accrual method. MichCon may
also sell forward storage and transportation capacity contracts. Forward transportation and storage
contracts are not derivatives and are therefore accounted for under the accrual method.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Non-Utility Operations</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Power and Industrial Projects </i>— Business units within this segment manage and operate onsite
energy and pulverized coal projects, coke batteries, landfill gas recovery and power generation
assets. These businesses utilize fixed-priced contracts in the marketing and management of their
assets. These contracts are generally not derivatives and are therefore accounted for under the
accrual method. The segment also engages in coal marketing which includes the marketing and trading
of physical coal and coal financial instruments, and forward contracts for the purchase and sale of
emissions allowances. Certain of these physical and financial coal contracts and contracts for the
purchase and sale of emission allowances are derivatives and are accounted for by recording changes
in fair value to earnings.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Unconventional Gas Production </i>— The Unconventional Gas Production business is engaged in
unconventional gas project development and production. The Company uses derivative contracts to
manage changes in the price of natural gas. These derivatives are designated as cash flow hedges.
Amounts recorded in Accumulated other comprehensive income will be reclassified to earnings as the
related production affects earnings through 2010. Management estimates reclassifying an after-tax
gain of approximately $2 million to earnings within the next twelve months.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Energy Trading — Commodity Price Risk — </i>Energy Trading markets and trades wholesale electricity
and natural gas physical products and energy financial instruments, and provides risk management
services utilizing energy commodity derivative instruments. Forwards, futures, options and swap
agreements are used to manage exposure to the risk of market price and volume fluctuations in its
operations. These derivatives are accounted for by recording changes in fair value to earnings
unless certain hedge accounting criteria are met.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Energy Trading — Foreign Currency Risk — </i>Energy Trading has foreign currency forward contracts to
economically hedge fixed Canadian dollar commitments existing under power purchase and sale
contracts and gas transportation contracts. The Company enters into these contracts to mitigate
price volatility with respect to fluctuations of the Canadian dollar relative to the U.S. dollar.
These derivatives are accounted for by recording changes in fair value to earnings unless certain
hedge accounting criteria are met.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Gas Midstream — </i>These business units are primarily engaged in services related to the
transportation and storage of natural gas. These businesses utilize fixed-priced contracts in their
marketing and management of their businesses. Generally these contracts are not derivatives and are
therefore accounted for under the accrual method.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company manages its MTM risk on a portfolio basis based upon the delivery period of its
contracts and the individual components of the risks within each contract. Accordingly, it records
and manages the energy purchase and sale obligations under its contracts in separate components
based on the commodity (e.g. electricity or gas), the product (e.g. electricity for delivery during
peak or off-peak hours), the delivery location (e.g. by region), the risk profile (e.g. forward or
option), and the delivery period (e.g. by month and year). The following describe the four
categories of activities represented by their operating characteristics and key risks:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td><i>Economic Hedges </i>— Represents derivative activity associated with assets owned and
contracted by DTE Energy, including forward sales of gas production and trades associated with owned
transportation and storage capacity. Changes in the value of derivatives in this category
economically offset changes in the value of underlying non-derivative positions, which do
not qualify for fair value accounting. The difference in accounting treatment of
derivatives in this category and the underlying non-derivative positions can result in
significant earnings volatility.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td><i>Structured Contracts </i>— Represents derivative activity transacted by originating
substantially hedged positions with wholesale energy marketers, producers, end users,
utilities, retail aggregators and alternative energy suppliers.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td><i>Proprietary Trading </i>— Represents derivative activity transacted with the intent of
taking a view, capturing market price changes, or putting capital at risk. This activity is
speculative in nature as opposed to hedging an existing exposure.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td><i>Other </i>— Includes derivative activity associated with our Unconventional Gas reserves.
A portion of the price risk associated with anticipated production from the Barnett natural
gas reserves has been mitigated
through 2010. Changes in the value of the hedges are recorded as Derivative assets or
liabilities, with an offset in Other comprehensive income to the extent that the hedges are
deemed effective.
The amounts shown in the following tables exclude the value of the underlying gas reserves including changes therein.
Other also includes derivative activity at Detroit Edison related to
Financial Transmission Rights (FTR) and forward contracts related to emissions. Changes in
the value of derivative contracts at Detroit Edison are recorded as Derivative assets or
liabilities, with an offset to Regulatory assets or liabilities as the settlement value of
these contracts will be included in the PSCR mechanism when realized.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Effective January 1, 2009, the Company adopted SFAS No. 161. This Statement requires enhanced
disclosures about an entity’s derivative and hedging activities.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following represents the fair value of derivative instruments as of June 30, 2009:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="53%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td><!-- VRule -->
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Balance Sheet</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Balance Sheet</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Location</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Fair Value</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Location</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Fair Value</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives designated as
hedging instruments under
SFAS No. 133:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Commodity Contracts:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Natural Gas
</div></td>
<td> </td>
<td colspan="3" align="center" nowrap="nowrap">Derivative assets</td>
<td> </td>
<td align="left">$</td>
<td align="right">6</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center" nowrap="nowrap">Derivative liabilities</td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives not
designated as hedging
instruments under SFAS
No. 133:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td colspan="3" align="center">Derivative assets</td>
<td> </td>
<td align="left">$</td>
<td align="right">52</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center">Derivative liabilities</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(48</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Commodity Contracts:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Electricity
</div></td>
<td> </td>
<td colspan="3" align="center">Derivative assets</td>
<td> </td>
<td> </td>
<td align="right">2,023</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center">Derivative liabilities</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,956</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Natural Gas
</div></td>
<td> </td>
<td colspan="3" align="center">Derivative assets</td>
<td> </td>
<td> </td>
<td align="right">1,778</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center">Derivative liabilities</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,905</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Coal
</div></td>
<td> </td>
<td colspan="3" align="center">Derivative assets</td>
<td> </td>
<td> </td>
<td align="right">55</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center">Derivative liabilities</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(52</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Oil
</div></td>
<td> </td>
<td colspan="3" align="center">Derivative assets</td>
<td> </td>
<td> </td>
<td align="right">35</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center">Derivative liabilities</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(38</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Emissions
</div></td>
<td> </td>
<td colspan="3" align="center">Derivative assets</td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td colspan="3" align="center">Derivative liabilities</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Total
derivatives not
designated as hedging
instruments under SFAS
No. 133</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,949</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(4,012</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Total derivatives:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Current
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,904</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(2,861</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncurrent
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,051</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,151</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Total derivatives</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,955</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(4,012</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="53%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td><!-- VRule -->
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left"><b>Reconciliation of derivative instruments to</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>Consolidated Statement of Financial Position:</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Current</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Noncurrent</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Current</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Noncurrent</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total fair value of derivatives
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,904</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,051</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(2,861</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1,151</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Counterparty netting
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,551</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(872</td>
<td nowrap="nowrap">)</td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">2,551</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">872</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateral adjustments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(34</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(24</td>
<td nowrap="nowrap">)</td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">22</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Total derivatives as reported</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">319</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">155</td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(288</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(269</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td style="border-right: 2px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">The effect of derivative instruments on the Consolidated Statement of Operations for the three and
six months ended June 30, 2009 is as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Location of Gain</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Recognized in</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>in Income on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Income on</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Location of</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Derivative</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Derivative</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(Ineffective</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(Ineffective</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>in OCI on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Reclassified from</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Reclassified from</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Portion and Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Portion and Amount</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left"><b>Derivatives in SFAS No. 133</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Derivative</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Accumulated OCI</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Accumulated OCI</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Excluded from</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Excluded from</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left"><b>Cash Flow Hedging</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>into Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>into Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Effectiveness</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Effectiveness</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>(1)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>(Effective Portion) (1)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Testing)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Testing) (1)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Three Months Ended June 30, 2009:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Natural Gas
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Operating Revenue</td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Operating Revenue</td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest
Swap (2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Interest Expense</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Interest Expense</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Total</td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Total</td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Six Months Ended June 30, 2009:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:15px; text-indent:-15px">Natural Gas
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="center">Operating Revenue</td>
<td> </td>
<td align="left">$</td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Operating Revenue</td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center"></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest
Swap (2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Interest Expense</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Interest Expense</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Total</td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td colspan="3" align="center">Total</td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">(1)</sup></td>
<td> </td>
<td>Gain (loss) reported after taxes.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">(2)</sup></td>
<td> </td>
<td>Related to discontinued cash flow hedge.</td>
</tr>
</table>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Recognized in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Recognized in</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of Gain</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Income on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Income on</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left"><b>Derivatives Not Designated</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss) Recognized</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Derivative for</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Derivative for Six</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left"><b>As Hedging Instruments</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>in Income On</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Months Ended June</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Under SFAS No. 133</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivative</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>30, 2009</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="center" valign="top">Operating Revenue</td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top">$</td>
<td align="right" valign="top">(17</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top">$</td>
<td align="right" valign="top">(11</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="center" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Commodity Contracts:</b>
</div></td>
<td> </td>
<td align="center" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Electricity
</div></td>
<td> </td>
<td align="center" valign="top">Operating Revenue</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">7</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">23</td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:15px; text-indent:-15px">Natural Gas
</div></td>
<td> </td>
<td align="center" valign="top">Operating Revenue</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">126</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">174</td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td valign="top">
<div style="margin-left:15px; text-indent:-15px">Natural Gas
</div></td>
<td> </td>
<td align="center" valign="top">Fuel, purchased power and gas</td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top"> </td>
<td align="right" valign="top">(2</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top"> </td>
<td align="right" valign="top">(2</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:15px; text-indent:-15px">Coal
</div></td>
<td> </td>
<td align="center" valign="top">Operating Revenue</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">4</td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top"> </td>
<td align="right" valign="top">(4</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td valign="top">
<div style="margin-left:15px; text-indent:-15px">Coal
</div></td>
<td> </td>
<td align="center" valign="top">Operation and maintenance</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">3</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">2</td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Emissions
</div></td>
<td> </td>
<td align="center" valign="top">Operating Revenue</td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top"> </td>
<td align="right" valign="top">(9</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">5</td>
<td valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="center" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" valign="top" style="border-top: 1px solid #000000"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" valign="top" style="border-top: 1px solid #000000"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td align="center" valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">112</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">187</td>
<td valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="center" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" valign="top" style="border-top: 3px double #000000"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" valign="top" style="border-top: 3px double #000000"> </td>
<td valign="top"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The effect of derivative instruments recoverable through the PSCR mechanism when realized on the
Consolidated Statement of Financial Position for the three and six months ended June 30, 2009 is as
follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Location of Gain</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Recognized in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Recognized in</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>in Regulatory</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Regulatory Assets</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Regulatory Assets</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Assets / Liabilities</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>/ Liabilities on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>/ Liabilities on</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>On Derivative</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Derivative</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Derivative</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">FTR and Emissions
</div></td>
<td> </td>
<td colspan="3" align="center">Regulatory Asset</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(11</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Regulatory Liability</td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(13</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following represents the cumulative gross volume of derivative contracts outstanding as of June
30, 2009:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="88%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Commodity</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Number of Units</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Electricity (MWh)
</div></td>
<td> </td>
<td> </td>
<td align="right">102,968,437</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Natural Gas (MMBtu)
</div></td>
<td> </td>
<td> </td>
<td align="right">475,035,952</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Coal (Tons)
</div></td>
<td> </td>
<td> </td>
<td align="right">1,047,037</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Oil (bbl)
</div></td>
<td> </td>
<td> </td>
<td align="right">381,000</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Foreign Exchange ($ CAD)
</div></td>
<td> </td>
<td> </td>
<td align="right">172,336,487</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Emissions (Tons)
</div></td>
<td> </td>
<td> </td>
<td align="right">761,625</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Various non-utility subsidiaries of the Company have entered into contracts which contain ratings
triggers and are guaranteed by DTE Energy. These contracts contain provisions which allow the
counterparties to request that the Company post cash or letters of credit as collateral in the
event that DTE Energy’s credit rating is downgraded below investment grade. Certain of these
provisions (known as “hard triggers”) state specific circumstances under which the Company can be
asked to post collateral upon the occurrence of a credit downgrade, while other provisions (known
as “soft triggers”) are not as specific. For contracts with soft triggers, it is difficult to
estimate the amount of collateral which may be requested by counterparties and/or which the Company
may ultimately be required to post.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The amount of such collateral which could be requested fluctuates based on commodity prices
(primarily gas, power and coal) and the provisions and maturities of the underlying transactions.
As of June 30, 2009, the value of the transactions for which the Company would have been exposed to
collateral requests had DTE Energy’s credit rating been below investment grade on such date was
approximately $248 million. In circumstances where an entity is downgraded below investment grade
and collateral requests are made as a result, the requesting parties often agree to accept less
than the full amount of their exposure to the downgraded entity.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Fair Value</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">SFAS No. 157 defines fair value as the price that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between market participants at the measurement date
in a principal or most advantageous market. Fair value is a market-based measurement that is
determined based on inputs, which refer broadly to assumptions that market participants’ use in
pricing assets or liabilities. These inputs can be readily observable, market corroborated or
generally unobservable inputs. The Company makes certain assumptions it believes that market
participants would use in pricing assets or liabilities, including assumptions about risk, and the
risks inherent in the inputs to valuation techniques. Credit risk of the Company and its
counterparties is incorporated in the valuation of assets and liabilities through the use of credit
reserves, the impact of which is immaterial for the three and six months ended June 30, 2009. The
Company believes it uses valuation techniques that maximize the use of observable market-based
inputs and minimize the use of unobservable inputs.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">SFAS No. 157 establishes a fair value hierarchy, which prioritizes the inputs to valuation
techniques used to measure fair value in three broad levels. The fair value hierarchy gives the
highest priority to quoted prices (unadjusted) in active markets for identical assets or
liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). In some cases, the
inputs used to measure fair value might fall in different levels of the fair value hierarchy. SFAS
No. 157 requires that assets and liabilities be classified in their entirety based on the lowest
level of input that is significant to the fair value measurement in its entirety. Assessing the
significance of a particular input may require judgment considering factors specific to the asset
or liability, and may affect the valuation of the asset or liability and its placement within the
fair value hierarchy. The Company classifies fair value balances based on the fair value hierarchy
defined by SFAS No. 157 as follows:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Level 1 — Consists of unadjusted quoted prices in active markets for identical assets
or liabilities that the Company has the ability to access as of the reporting date.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Level 2 — Consists of inputs other than quoted prices included within Level 1 that are
directly observable for the asset or liability or indirectly observable through
corroboration with observable market data.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Level 3 — Consists of unobservable inputs for assets or liabilities whose fair value
is estimated based on internally developed models or methodologies using inputs that are
generally less readily observable and supported by little, if any, market activity at the
measurement date. Unobservable inputs are developed based on the best available information
and subject to cost-benefit constraints.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents assets and liabilities measured and recorded at fair value on a
recurring basis as of June 30, 2009:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Netting</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Net Balance at</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Level 1</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Level 2</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Level 3</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Adjustments</b><sup style="font-size: 85%; vertical-align: text-top"><b>(2)</b></sup></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Assets:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash equivalents
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Nuclear decommissioning trusts and Other
<font style="white-space: nowrap">Investments
<sup style="font-size: 85%; vertical-align: text-top">(1)</sup></font>
</div></td>
<td> </td>
<td> </td>
<td align="right">522</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">304</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">827</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Derivative assets
</div></td>
<td> </td>
<td> </td>
<td align="right">1,611</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,681</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">663</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,481</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">474</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,135</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,985</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">664</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(3,481</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">1,303</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Liabilities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Derivative liabilities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1,504</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1,650</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(858</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">3,455</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(557</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1,504</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1,650</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(858</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">3,455</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(557</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net Assets (Liabilities) at June 30, 2009
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">631</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">335</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(194</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(26</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">746</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">(1)</sup></td>
<td> </td>
<td>Excludes cash surrender value of life insurance investments.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">(2)</sup></td>
<td> </td>
<td>Amounts represent the impact of master netting agreements that allow the Company to
net gain and loss positions and cash collateral held or placed with the same counterparties.</td>
</tr>
</table>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents the fair value reconciliation of Level 3 assets and
liabilities measured at fair value on a recurring basis for the three and six months ended June 30,
2009 and 2008:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Six Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Liability balance as of beginning of the period <sup style="font-size: 85%; vertical-align: text-top">(1)</sup>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(164</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(577</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(183</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(366</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Changes in fair value recorded in income
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(54</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(194</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>210</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(360</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Changes in fair value recorded in regulatory assets/liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Changes in fair value recorded in other comprehensive income
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>4</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Purchases, issuances and settlements
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>32</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(38</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(63</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(103</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers in/out of Level 3
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(8</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(160</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Liability balance as of June 30
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(194</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(840</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(194</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(840</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">The amount of total gains (losses) included in net income
attributed to the change in unrealized gains (losses) related
to assets and liabilities held at June 30, 2009 and 2008
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>4</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(194</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>201</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(360</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Balance as of January 1, 2008 includes a cumulative effect adjustment which represents an
increase to the beginning retained earnings related to Level 3 derivatives upon adoption of
SFAS No. 157.</td>
</tr>
</table>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Amounts in fair value for Level 3 derivatives increased largely as a result of declining commodity
prices. Transfers in/out of Level 3 represent existing assets or liabilities that were either
previously categorized as a higher level and for which the inputs to the model became unobservable
or assets and liabilities that were previously classified as Level 3 for which the lowest
significant input became observable during the period.
Transfers in/out of Level 3 are reflected as if they had occurred at the beginning of the period.
Transfers out of Level 3 in 2009 reflect increased reliance on broker quotes for certain gas
transactions.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Cash Equivalents</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Cash equivalents include investments with maturities of three months or less when purchased. The
cash equivalents shown in the fair value table are comprised of investments in money market funds.
The fair values of the shares of
these funds are based on observable market prices and, therefore,
have been categorized as Level 1 in the fair value hierarchy.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Nuclear Decommissioning Trusts and Other Investments</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The nuclear decommissioning trust fund investments have been established to satisfy Detroit
Edison’s nuclear decommissioning obligations. The nuclear decommissioning trusts and other fund
investments hold debt and equity securities directly and indirectly through commingled funds and
institutional mutual funds. Exchange-traded debt and equity securities held directly are valued
using quoted market prices on actively traded markets. The commingled funds and institutional
mutual funds which hold exchange-traded equity or debt securities are valued using quoted prices in
actively traded markets. Non-exchange-traded fixed income securities are valued based upon
quotations available from brokers or pricing services. For non-exchange traded fixed income
securities, the trustees receive prices from pricing services. A primary price source is identified
by asset type, class or issue for each security. The trustees monitor prices supplied by pricing
services and may use a supplemental price source or change the primary price source of a given
security if the trustees challenge an assigned price and determine that another price source is
considered to be preferable. DTE Energy has obtained an understanding of how these prices are
derived, including the nature and observability of the inputs used in deriving such prices.
Additionally, DTE Energy selectively corroborates the fair values of securities by comparison of
market-based price sources.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Derivative Assets and Liabilities</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Derivative assets and liabilities are comprised of physical and financial derivative contracts,
including futures, forwards, options and swaps that are both exchange-traded and over-the-counter
traded contracts. Various inputs are used to value derivatives depending on the type of contract
and availability of market data. Exchange-traded derivative contracts are valued using quoted
prices in active markets. DTE Energy considers the following criteria in determining whether a
market is considered active: frequency in which pricing information is updated, variability in
pricing between sources or over time and the availability of public information. Other derivative
contracts are valued based upon a variety of inputs including commodity market prices, broker
quotes, interest rates, credit ratings, default rates, market-based seasonality and basis
differential factors. DTE Energy monitors the prices that are supplied by brokers and pricing
services and may use a supplemental price source or change the primary price source of an index if
prices become unavailable or another price source is determined to be more representative of fair
value. DTE Energy has obtained an understanding of how these prices are derived. Additionally, DTE
Energy selectively corroborates the fair value of its transactions by comparison of market-based
price sources. Mathematical valuation models are used for derivatives for which external market
data is not readily observable, such as contracts which extend beyond the actively traded reporting
period.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Fair Value of Financial Instruments</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The fair value of financial instruments is determined by using various market data and other
valuation techniques. The table below shows the fair value relative to the carrying value for
long-term debt securities. Certain other financial instruments, such as
notes payable, customer deposits and notes receivable are not shown as
carrying value approximates fair value.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000">December 31, 2008</td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Fair Value</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Carrying Value</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000">Fair Value</td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000">Carrying Value</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Long-Term Debt
</div></td>
<td> </td>
<td align="center" valign="top"><b>$8.0 billion</b>
</td>
<td> </td>
<td align="center" valign="top"><b>$8.0 billion</b>
</td>
<td> </td>
<td align="center" valign="top">$7.7 billion
</td>
<td> </td>
<td align="center" valign="top">$8.0 billion</td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Investments in Debt and Equity Securities</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company generally classifies investments in debt and equity securities as either trading or
available-for-sale and has recorded such investments at market value with unrealized gains or
losses included in earnings or in other comprehensive income or loss, respectively. Changes in the
fair value of Fermi 2 nuclear decommissioning investments are recorded as adjustments to regulatory
assets or liabilities, due to a recovery mechanism from customers. The Company’s investments are
reviewed for impairment each reporting period. If the assessment indicates that the impairment is
other than temporary, a loss is recognized resulting in the investment being written down to its
estimated fair value.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Decommissioning</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following table summarizes the fair value of the nuclear decommissioning trust fund assets.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">December 31</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fermi 2
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>687</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">649</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fermi 1
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Low level radioactive waste
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>26</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>716</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">685</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">At June 30, 2009, investments in the external nuclear decommissioning trust funds consisted of
approximately 48% in publicly traded equity securities, 51% in fixed debt instruments and 1% in
cash equivalents. At December 31, 2008, investments in the external nuclear decommissioning trust
funds consisted of approximately 42% in publicly traded equity securities, 57% in fixed income and
1% in cash equivalents. The debt securities at both June 30, 2009 and December 31, 2008 had an
average maturity of approximately 5 years.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The costs of securities sold are determined on the basis of specific identification. The following
table sets forth the gains and losses and proceeds from the sale of securities by the nuclear
decommissioning trust funds:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7"><b>Three Months Ended</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7"><b>Six Months Ended</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000">2008</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Realized gains
</div></td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>19</b></td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">11</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Realized losses
</div></td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>(7</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td align="right">$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"><b>$</b></td>
<td align="right"><b>(34</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(16</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Proceeds from sales of securities
</div></td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>69</b></td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">54</td>
<td> </td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>182</b></td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">106</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Realized gains and losses and proceeds from sales of securities for the Fermi 2 and the low level
Radioactive Waste funds are recorded to the asset retirement obligation regulatory asset and
nuclear decommissioning regulatory liability, respectively. The following table sets forth the fair
value and unrealized gains for the nuclear decommissioning trust funds:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Fair</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Unrealized</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>(in Millions)</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Gains</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">As of June 30, 2009
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">
Equity securities
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>341</b></td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>80</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>366</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash and cash equivalents
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>716</b></td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>95</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">As of December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">
Equity securities
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">288</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">65</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">388</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash and cash equivalents
</div></td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">685</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">82</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Securities held in the nuclear decommissioning trust funds are classified as available-for-sale. As
Detroit Edison does not have the ability to hold impaired investments for a period of time
sufficient to allow for the anticipated recovery of market value, all unrealized losses are
considered to be other than temporary impairments.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Impairment charges for unrealized losses incurred by the Fermi 2 trust are recognized as a
regulatory asset. Detroit Edison recognized $76 million and $42 million of unrealized losses as
regulatory assets at June 30, 2009 and 2008, respectively. Since the decommissioning of Fermi 1 is
funded by Detroit Edison rather than through a regulatory recovery mechanism, there is no
corresponding regulatory asset treatment. Therefore, impairment charges for unrealized losses
incurred by the Fermi 1 trust are recognized in earnings immediately. At June 30, 2008,
Detroit Edison recognized impairment charges of $0.4 million,
for unrealized losses incurred by the Fermi 1 trust.
</div>
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<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Other</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following table summarizes the fair value of the Company’s debt and equity securities,
excluding nuclear decommissioning trust fund assets:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000">December 31, 2008</td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Fair Value</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Carrying value</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000">Fair Value</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000">Carrying Value</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash equivalents
</div></td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>91</b></td>
<td> </td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>91</b></td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">99</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">99</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Equity securities
</div></td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>10</b></td>
<td> </td>
<td> </td>
<td align="right"><b>$</b></td>
<td align="right"><b>10</b></td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">28</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">As of June 30, 2009, available-for-sale securities had unrealized losses of $1 million reflected in
other comprehensive income. These securities are comprised primarily of money-market and equity
instruments. During the six-month period ended June 30, 2009, $3 million of unrealized losses on
available-for-sale securities were reclassified out of other comprehensive income into losses for
the period. This reclassification includes an other than temporary
impairment of debt and equity securities of $4 million. Additionally, gains related to trading securities held at June 30, 2009 were $1
million.
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 4 — DISPOSALS AND DISCONTINUED OPERATIONS</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Sale of Interest in Barnett Shale Properties</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In 2008, the Company sold a portion of its Barnett shale properties for gross proceeds of
approximately $260 million. The Company recognized a gain of $128 million ($80 million after-tax)
on the sale in the six months ended June 30, 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Synthetic Fuel Business</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Due to the expiration of synfuel production tax credits in 2007, the Synthetic Fuel business ceased
operations and was classified as a discontinued operation as of December 31, 2007. The favorable
impact of reserve adjustments for the final phase-out percentage of approximately $16 million, the
final settlement of other miscellaneous assets and liabilities and related tax impacts resulted in
net income of $12 million for the first six months of 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company has provided certain guarantees and indemnities in conjunction with the sales of
interests in its synfuel facilities. The guarantees cover potential commercial, environmental, oil
price and tax-related obligations and will survive until 90 days after expiration of all applicable
statutes of limitations. The Company estimates that its maximum potential liability under these
guarantees at June 30, 2009 is $2.9 billion.
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<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 5 — REGULATORY MATTERS</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>2009 Electric Rate Case Filing</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Detroit Edison filed a general rate case on January 26, 2009 based on a twelve months ended June
2008 historical test year. The filing with the MPSC requested a $378 million, or 8.1 percent
average increase in Detroit Edison’s annual revenues for the twelve months ended June 30, 2010
projected test year. The requested $378 million increase in revenues is required to recover the
increased costs associated with environmental compliance, operation and maintenance of the
Company’s electric distribution system and generation plants, customer uncollectible accounts,
inflation, the capital costs of plant additions and the reduction in territory sales.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In addition, Detroit Edison’s filing made, among other requests, the following proposals:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Continued progress toward correcting the existing rate structure to more accurately
reflect the actual cost of providing service to business customers;</td>
</tr>
</table>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Continued application of an adjustment mechanism to enable the Company to address the
costs associated with retail electric customers migrating to and from Detroit Edison’s full
service retail electric tariff service;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Application of an uncollectible expense true-up mechanism based on the $87 million
expense level of uncollectible expenses that occurred during the 12 month period ended June
2008;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Continued application of the storm restoration expense recovery mechanism and
modification to the line clearance expense recovery mechanism; and</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Implementation of a revenue decoupling mechanism.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to an MPSC order issued May 26, 2009, Detroit Edison filed proposed tariffs on June 26,
2009 to implement $280 million of its requested annual increase on July 26, 2009. On July 16,
2009, the MPSC issued an order requiring Detroit Edison to implement the increase by applying the
rate design reflected in its January 26, 2009 application. Detroit Edison expects the impact of
this self-implemented increase would be significantly offset by its plan to begin reducing its PSCR
factor beginning August 1, 2009. This increase will remain in place until a final order is issued
by the MPSC, which is expected in January 2010. If the final rate case order provides for lower
rates than we have self-implemented, we must refund the difference with interest.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Cost-Based Tariffs for Schools</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In January 2009, Detroit Edison filed a required application that included two new cost-based
tariffs for schools, universities and community colleges. The filing is in compliance with Public
Act 286 which required utilities to file tariffs that ensure that eligible educational institutions
are charged retail electric rates that reflect the actual cost of providing service to those
customers. In February 2009, an MPSC order consolidated this proceeding with the January 26, 2009
electric rate case filing.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Renewable Energy Plan</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In March 2009, Detroit Edison filed its Renewable Energy Plan with the MPSC as required under 2008
PA 295. The Renewable Energy Plan application requests authority to recover approximately $35
million of additional revenue in 2009. The proposed revenue increase is necessary in order to
properly implement Detroit Edison’s 20-year renewable energy plan to achieve compliance with 2008
PA 295, to deliver new, cleaner, renewable electric generation demanded by customers, to further
diversify Detroit Edison’s and the State of Michigan’s sources of electric supply, and to strive
toward achieving state and national goals of increasing energy independence. An MPSC order was
issued June 2, 2009 approving the renewable energy plan and customer surcharges beginning in
September 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Energy Optimization Plans</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In March 2009, Detroit Edison and MichCon filed Energy Optimization Plans with the MPSC as required
under 2008 PA 295. The Energy Optimization Plan applications are designed to help each customer
class reduce their electric and gas usage by: (1) building customer awareness of energy efficiency
options and (2) offering a diverse set of programs and participation options that result in energy
savings for each customer class. Detroit Edison’s Energy Optimization Plan application proposes
energy optimization expenditures for the period 2009-2011 of $134 million and further requests
approval of surcharges that are designed to recover these costs. MichCon’s Energy Optimization Plan
application proposes energy optimization expenditures for the period 2009-2011 of $55 million and
further requests approval of surcharges that are designed to recover these costs. An MPSC order was
issued June 2, 2009 approving the Energy Optimization Plans of $117 million and $48 million for
Detroit Edison and MichCon, respectively. The surcharges to recover these costs were implemented
effective June 3, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Power Supply Cost Recovery Proceedings</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2008 Plan Year — </i>In September 2007, Detroit Edison filed its 2008 PSCR plan case seeking approval
of a levelized PSCR factor of 9.23 mills/kWh above the amount included in base rates for all PSCR
customers. Also included in the filing was a request for approval of the Company’s emission
compliance strategy which included pre-purchases
of emission allowances as well as a request for pre-approval of a contract for capacity and energy
associated with a renewable (wind) energy project. On January 31, 2008, Detroit Edison filed a
revised PSCR plan case seeking approval of a levelized PSCR factor of 11.22 mills/kWh above the
amount included in base rates for all PSCR customers. The revised filing supports a 2008 power
supply expense forecast of $1.4 billion and includes $43 million for the recovery of a projected
2007 PSCR under-collection. On July 29, 2008, the MPSC issued a temporary order approving Detroit
Edison’s request to increase the PSCR factor to 11.22 mills/kWh. In January 2009, the MPSC approved
the Company’s 2008 PSCR plan and authorized the Company to charge a maximum PSCR factor of 11.22
mills/kWh for 2008. The Company filed its 2008 PSCR reconciliation case in March 2009. The filing
requests recovery of a $19 million PSCR under-collection. In addition, the filing requests
authorization to refund its total 2005 PSCR under-collection surcharge at year-end 2008 of $10
million, including interest, to all commercial and industrial customers. Included in the 2008 PSCR
reconciliation filing was the Company’s 2008 pension expense mechanism reconciliation that reflects
a $50 million over-collection. The Company expects an order in this proceeding in the second
quarter of 2010.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2009 Plan Year </i>— In September 2008, Detroit Edison filed its 2009 PSCR plan case seeking approval
of a levelized PSCR factor of 17.67 mills/kWh above the amount included in base rates for
residential customers and a levelized PSCR factor of 17.29 mills/kWh above the amount included in
base rates for commercial and industrial customers. The Company is supporting a total power supply
expense forecast of $1.73 billion. The plan also includes approximately $69 million for the
recovery of its projected 2008 PSCR under-collection from all customers and approximately $12
million for the refund of its 2005 PSCR reconciliation surcharge over-collection to commercial and
industrial customers only. Also included in the filing is a request for approval of the Company’s
expense associated with the use of urea in the selective catalytic reduction units at Monroe power
plant as well as a request for approval of a contract for capacity and energy associated with a
renewable (wind) energy project. The Company’s PSCR Plan will allow the Company to recover its
reasonably and prudently incurred power supply expense including, fuel costs, purchased and net
interchange power costs, nitrogen oxide and sulfur dioxide emission allowance costs, transmission
costs and MISO costs. The Company self-implemented a PSCR factor of 11.64 mills/kWh above the
amount included in base rates for residential customers and a PSCR factor of 11.22 mills/kWh above
the amount included in base rates for commercial and industrial customers on bills rendered in
January 2009. Subsequently, as a result of the December 23, 2008 MPSC order in the 2007 Detroit
Edison rate case, the Company implemented a PSCR factor of 3.18 mills/kWh below the amount included
in base rates for residential customers and a PSCR factor of 3.60 mills/kWh below the amount
included in base rates for commercial and industrial customers for service rendered effective
January 14, 2009. The Company will self-implement a PSCR factor of 10.18 mills/kWh below the
amount included in base rates for residential customers and a PSCR factor of 10.46 mills/kWh below
the amount included in base rates for commercial and industrial customers for bills rendered
effective August 1, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Gas Rate Case Filings</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2003 Gas Rate Case / Motion for Commission Decision and Remand for Control Premium Recovery —</i>
MichCon filed a motion with the MPSC on June 1, 2009 requesting a decision on remand from the Court
of Appeals for MichCon’s control premium recovery. This motion concerns the control premium that
DTE Energy paid to acquire MCN. DTE Energy apportioned the control premium primarily between its
Detroit Edison and MichCon subsidiaries. The MPSC denied MichCon’s request to recover its $25
million portion of the control premium in its 2003 rate case.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2009 Gas Rate Case </i>- MichCon filed a general rate case on June 9, 2009 based on a 2008 historical
test year. The filing with the MPSC requested a $193 million, or 11.5 percent average increase in
MichCon’s annual revenues for a 2010 projected test year. The requested $193 million increase in
revenues is required to recover the increased costs associated with the revenue requirement
associated with increased investments in net plant and working capital, the impact of high levels
of uncollectible expense and the cost of natural gas theft primarily due to economic conditions in
Michigan, sales reductions due to customer conservation and the trend of warmer weather on
MichCon’s market, and increasing operating costs, largely due to inflation.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">In addition, MichCon’s filing made, among other requests, the following proposals:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Implementation of a Lost Gas and Company Use — Expense True-up Mechanism;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Continued application of an uncollectible expense true-up mechanism
based on a $70 million expense level of uncollectible expenses; and,</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Implementation of a revenue decoupling mechanism.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the October 2008 Michigan legislation, and the settlement in MichCon’s last base gas
sale case, MichCon anticipates self-implementing a rate increase on January 1, 2010.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Uncollectible Expense True-Up Mechanism (UETM) and Report of Safety and Training-Related
Expenditures</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2007 UETM </i>— In March 2008, MichCon filed an application with the MPSC for approval of its UETM for
2007 requesting approximately $34 million consisting of $33 million of costs related to 2007
uncollectible expense and associated carrying charges and $1 million of under-collections for the
2005 UETM. The March 2008 application included a report of MichCon’s 2007 annual safety and
training-related expenses, which showed no refund was necessary because actual expenditures
exceeded the amount included in base rates. An MPSC order was issued in December 2008 approving the
collection of $34 million requested in the March 2008 filing. MichCon was authorized to implement
the new UETM monthly surcharge for service rendered on and after January 1, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2008 UETM </i>— In March 2009, MichCon filed an application with the MPSC for approval of its UETM for
2008 requesting approximately $87 million consisting of $83 million of costs related to 2008
uncollectible expense and associated carrying charges and $4 million of under-collections for the
2006 UETM. The March 2009 application included a report of MichCon’s 2008 annual safety and
training-related expenses, which showed no refund was necessary because actual expenditures
exceeded the amount included in base rates. An order is expected in this case in the fourth quarter
of 2009. In May 2009, the Michigan Supreme Court denied the Attorney General’s leave to appeal
the Court of Appeal’s decision that the MPSC had statutory authority to approve a UETM in a general
rate case. In response to this denial, the Attorney General withdrew as an intervenor in this
case.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Gas Cost Recovery Proceedings</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2007-2008 Plan Year / Base Gas Sale Consolidated </i>—In June 2008, MichCon filed its GCR
reconciliation for the 2007-2008 GCR year. The filing supported a total under-recovery, including
interest through March 2008, of $10 million. In June 2009, the parties filed a settlement
agreement including MichCon’s under-recovery, as filed, plus interest. The MPSC issued an order
approving the settlement agreement on July 1, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2008 — 2009 Plan Year GCR Reconciliation </i>—In June 2009, MichCon filed its GCR reconciliation case
for the 2008 — 2009 GCR year. The filing includes a $5 million overrecovery that has already been
rolled into the 2009 — 2010 GCR plan year. An MPSC order in this case is expected in 2010.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2009-2010 Plan Year — </i>In December 2008, MichCon filed its GCR plan case for the 2009-2010 GCR plan
year. MichCon filed for a maximum GCR factor of $8.46 per Mcf, adjustable by a contingent
mechanism. In April 2009, MichCon, MPSC Staff and Intervenors filed a partial settlement agreement
in the case establishing the fixed price purchase guidelines MichCon filed in its case are
reasonable and prudent for MichCon to use until an MPSC order is issued establishing otherwise. On
April 30, 2009, the MPSC issued an order approving the partial settlement agreement. An MPSC
order in this case is expected in 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>2009 Proposed Base Gas Sale </i>— In July 2008, MichCon filed an application with the MPSC requesting
permission to sell an additional 4 Bcf of base gas that will become available for sale as a result
of better than expected operations at its storage fields. In February 2009, a settlement agreement
was filed with the MPSC, which will allow MichCon to sell and retain the profits of 2 Bcf of base
gas, with the remaining 2 Bcf to be used for the benefit of GCR/GCC customers as colder-than-normal
weather protection. The settlement also included a provision that MichCon was subject to a
moratorium on a general rate case filing until June 2009. An MPSC order was issued March 5, 2009
approving the settlement.
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Other</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In July 2007, the State of Michigan Court of Appeals published its decision with respect to an
appeal by Detroit Edison and others of certain provisions of a November 2004 MPSC order, including
reversing the MPSC’s denial of recovery of merger control premium costs. In its published decision,
the Court of Appeals held that Detroit Edison is entitled to recover its allocated share of the
merger control premium and remanded this matter to the MPSC for further proceedings to establish
the precise amount and timing of this recovery. In September 2007, the Court of Appeals remanded to
the MPSC, for reconsideration, the MichCon recovery of merger control premium costs. Other parties
filed requests for leave to appeal to the Michigan Supreme Court from the Court of Appeals decision
and in September 2008, the Michigan Supreme Court granted the requests to address the merger
control premium as well as the recovery of transmission costs through the PSCR. On May 1, 2009, the
Michigan Supreme Court issued an order reversing the Court of Appeals decision with respect to
recovery of the merger control premium, and reinstated the MPSC’s decision excluding the control
premium costs from Detroit Edison’s general rates. The Court affirmed the lower court’s decision
upholding the right of Detroit Edison to recover electric transmission costs through the Company’s
PSCR clause. The Company requested rehearing of the Supreme Court order on the merger premium and
the Michigan Attorney General requested rehearing of the transmission portion of the order. On
June 26, 2009, the Michigan Supreme Court denied both requests for rehearing.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company is unable to predict the outcome of the unresolved regulatory matters discussed herein.
Resolution of these matters is dependent upon future MPSC orders and appeals, which may materially
impact the financial position, results of operations and cash flows of the Company.
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
</div>
</body>
</html>
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<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 6 - us-gaap:EarningsPerShareTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><font style="font-variant: SMALL-CAPS"><b>NOTE 6 — COMMON STOCK AND EARNINGS PER SHARE</b></font>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company reports both basic and diluted earnings per share. The calculation of diluted earnings
per share assumes the issuance of potentially dilutive common shares outstanding during the period
from the exercise of stock options. Effective January 1, 2009, the Company adopted FSP EITF 03-6-1,
<i>Determining Whether Instruments Granted in Share-Based Payment Transactions are Participating
Securities. </i>The adoption of this FSP had the effect of reducing previously reported 2008 amounts
for basic and diluted earnings per share by $.01. A reconciliation of both calculations is
presented in the following table as of June 30:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Six Months</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Ended June 30</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Ended June 30</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: px solid #000000">(in Millions, except per share amounts)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Basic Earnings per Share</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income attributable to DTE Energy Company
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>83</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>261</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">240</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average number of common shares outstanding
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>164</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">163</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>164</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">163</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Weighted average net restricted shares outstanding
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends paid to common shares
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>87</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>173</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">172</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends paid to net restricted shares
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total distributed earnings
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>87</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>174</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">173</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income less distributed earnings
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(4</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(58</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>87</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">67</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Distributed (dividends per common share)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>.53</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">.53</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1.06</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.06</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Undistributed
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(.02</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(.36</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>.53</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">.41</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total Basic Earnings per Common Share
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>.51</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">.17</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1.59</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.47</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Diluted Earnings per Share</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income attributable to DTE Energy Company
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>83</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>261</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">240</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average number of common shares outstanding
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>164</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">163</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>164</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">163</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average incremental shares from assumed exercise of options
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Common shares for dilutive calculation
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>164</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">163</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>164</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">163</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Weighted average net restricted shares outstanding
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends paid to common shares
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>87</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>173</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">172</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends paid to net restricted shares
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total distributed earnings
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>87</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>174</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">173</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income less distributed earnings
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(4</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(58</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>87</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">67</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Distributed (dividends per common share)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>.53</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">.53</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1.06</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.06</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Undistributed
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(.02</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(.36</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>.53</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">.41</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total Diluted Earnings per Common Share
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>.51</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">.17</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1.59</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.47</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Options to purchase approximately 5 million and 2 million shares of common stock as of June 30,
2009 and 2008, respectively, were not included in the computation of diluted earnings per share
because the options’ exercise price was greater than the average market price of the common shares,
thus making these options anti-dilutive.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 7 - us-gaap:LongTermDebtTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><font style="font-variant: SMALL-CAPS"><b>NOTE 7 — LONG-TERM DEBT</b></font>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Debt Issuances</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, the Company has issued or remarketed the following long-term debt:
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt">(in Millions)
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="LEFT"><b>Company</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Month Issued</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Type</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Interest Rate</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Maturity</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Amount</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td align="left" valign="top" nowrap="nowrap">Detroit Edison</td>
<td> </td>
<td align="center" valign="bottom">April</td>
<td> </td>
<td>
<div style="margin-left:15px; text-indent:-15px">Tax-Exempt Revenue
Bonds (1)(2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">6.00</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">2036</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">69</td>
<td> </td>
</tr>
<tr valign="bottom">
<td align="left" valign="top">DTE Energy</td>
<td> </td>
<td align="center" valign="bottom">May</td>
<td> </td>
<td>
<div style="margin-left:15px; text-indent:-15px">Senior Notes (3)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">7.625</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">2014</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">300</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td align="left" valign="top">Detroit Edison</td>
<td> </td>
<td align="center" valign="bottom">June</td>
<td> </td>
<td>
<div style="margin-left:15px; text-indent:-15px">Tax-Exempt Revenue
Bonds (1)(4)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.625</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">2020</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32</td>
<td> </td>
</tr>
<tr valign="bottom">
<td align="left" valign="top">Detroit Edison</td>
<td> </td>
<td align="center" valign="bottom">June</td>
<td> </td>
<td>
<div style="margin-left:15px; text-indent:-15px">Tax-Exempt Revenue
Bonds (1)(5)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.25</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">2029</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">60</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td align="left" valign="top">Detroit Edison</td>
<td> </td>
<td align="center" valign="bottom">June</td>
<td> </td>
<td>
<div style="margin-left:15px; text-indent:-15px">Tax-Exempt Revenue
Bonds (1)(6)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.50</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">2029</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">59</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td align="left" valign="top"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td align="left" valign="top"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>520</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td align="left" valign="top"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Detroit Edison Tax-Exempt Revenue Bonds are issued by a public body that loans the proceeds
to Detroit Edison on terms substantially mirroring the Revenue Bonds.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Proceeds were used to refund existing Tax-Exempt Revenue Bonds.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Proceeds were used to repay short-term borrowings.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>These Tax-Exempt Revenue Bonds were converted from a variable rate mode and remarketed in a
fixed rate mode to maturity.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(5)</td>
<td> </td>
<td>These Tax-Exempt Revenue Bonds were converted from a variable rate mode and remarketed in a
fixed rate mode to maturity with a five-year mandatory put.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(6)</td>
<td> </td>
<td>These Tax-Exempt Revenue Bonds were converted from a variable rate mode and remarketed in a
fixed rate mode to maturity with a seven-year mandatory put.</td>
</tr>
</table>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Debt Retirements and Redemptions</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In 2009, the following debt has been retired, through optional redemption or payment at maturity:
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt">(in Millions)
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="LEFT" style="border-bottom: 1px solid #000000"><b>Company</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Month Retired</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Type</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Interest Rate</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Maturity</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td align="left" valign="bottom" nowrap="nowrap">Detroit Edison</td>
<td> </td>
<td align="center" valign="bottom">April</td>
<td> </td>
<td align="center">
<div style="margin-left:15px; text-indent:-15px">Tax-Exempt Revenue Bonds (1)
</div></td>
<td> </td>
<td colspan="3" align="center">Variable</td>
<td> </td>
<td> </td>
<td align="right">2036</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">69</td>
<td> </td>
</tr>
<tr valign="bottom">
<td align="left" valign="bottom">DTE Energy</td>
<td> </td>
<td align="center" valign="bottom">April</td>
<td> </td>
<td align="center">
<div style="margin-left:30px; text-indent:-15px">Senior Notes
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">6.65</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">2009</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td align="left" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td align="left" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>269</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td align="left" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>These Tax-Exempt Revenue Bonds were redeemed with the proceeds from the issuance of new
Detroit Edison Tax-Exempt Revenue Bonds.</td>
</tr>
</table>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 8 - us-gaap:ShortTermDebtTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><font style="font-variant: SMALL-CAPS"><b>NOTE 8 — SHORT-TERM CREDIT ARRANGEMENTS AND BORROWINGS</b></font>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">DTE Energy and its wholly-owned subsidiaries, Detroit Edison and MichCon, have entered into
revolving credit facilities with similar terms. The five-year and two-year revolving credit
facilities are with a syndicate of banks and may be used for general corporate borrowings, but are
intended to provide liquidity support for each of the companies’ commercial paper programs.
Borrowings under the facilities are available at prevailing short-term interest rates.
Additionally, DTE Energy, Detroit Edison and MichCon have various other bank loans and facilities.
The above agreements require the Company to maintain a debt to total capitalization ratio of no
more than 0.65 to 1. DTE Energy, Detroit Edison and MichCon are in compliance with this financial
covenant. The availability under these combined facilities at June 30, 2009 is shown in the
following table:
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>(in Millions)</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>DTE Energy</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Detroit Edison</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>MichCon</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Total</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Five-year unsecured revolving facility, expiring October 2010
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">675</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">69</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">181</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">925</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Two-year unsecured revolving facility, expiring April 2011
</div></td>
<td> </td>
<td> </td>
<td align="right">538</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">212</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">250</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,000</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">One-year unsecured letter of credit facility, expiring in November
2009
</div></td>
<td> </td>
<td> </td>
<td align="right">30</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">One-year unsecured letter of credit facility, expiring in June 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">70</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">70</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Two-year unsecured letter of credit facility, expiring in May 2011
</div></td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Secured floating rate note, maturing September 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total credit facilities at June 30, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">1,363</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">281</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">451</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,095</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amounts outstanding at June 30, 2009:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Commercial paper issuances
</div></td>
<td> </td>
<td> </td>
<td align="right">88</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">93</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">181</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Letters of credit
</div></td>
<td> </td>
<td> </td>
<td align="right">273</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">273</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right">361</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">474</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net availability at June 30, 2009
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,002</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">281</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">338</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,621</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
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</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company has other outstanding letters of credit which are not included in the above described
facilities totaling approximately $16 million which are used for various corporate purposes.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In April 2009, the Company completed an early renewal of $975 million of its syndicated revolving
credit facilities before their scheduled expiration in October 2009. The new $1 billion two-year
facility will expire in April 2011 and has similar covenants to the prior facility. A new two-year
$50 million credit facility was completed in April 2009 and a new one-year $70 million credit
facility was completed in June 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In conjunction with maintaining certain exchange traded risk management positions, the Company may
be required to post cash collateral with its clearing agent. At June 30, 2009, the Company had a
demand financing agreement for up to $120 million with its clearing agent. In addition to the
amounts shown above, the amount outstanding under this agreement was $27 million and $26 million at
June 30, 2009 and December 31, 2008, respectively.
</div>
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<div align="left" style="font-size: 10pt; margin-top: 12pt"><font style="font-variant: SMALL-CAPS"><b>NOTE 9 — COMMITMENTS AND CONTINGENCIES</b></font>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Environmental</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Electric Utility</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Air </i>— Detroit Edison is subject to EPA ozone transport and acid rain regulations that limit power
plant emissions of sulfur dioxide and nitrogen oxides. Since 2005, EPA and the State of Michigan
issued additional emission reduction regulations relating to ozone, fine particulate, regional haze
and mercury air pollution. The new rules will lead to additional controls on fossil-fueled power
plants to reduce nitrogen oxide, sulfur dioxide and mercury emissions. To comply with these
requirements, Detroit Edison has spent approximately $1.4 billion through 2008. The Company
estimates Detroit Edison’s future undiscounted capital expenditures at up to approximately $100
million in 2009 and up to approximately $2.3 billion of additional capital expenditures through
2019 based on current regulations.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In July 2009, DTE Energy received a Notice of Violation/Finding of Violation (NOV/FOV) from the EPA
alleging, among other things, that five Detroit Edison power plants violated New Source Review
standards, Prevention of Significant Deterioration requirements, and Title V operating permit
requirements under the Clean Air Act. We are in the process of preparing our response to the
NOV/FOV, but we believe that the plants identified by the EPA have complied with applicable
regulations. Depending upon the outcome of our discussions with the EPA regarding the NOV/FOV, the
EPA could bring legal action against Detroit Edison. We could also be required to install
additional pollution control equipment at some or all of the power plants in question, engage in
Supplemental Environmental Programs, and/or pay fines. We cannot predict the financial impact or
outcome of this matter, or the timing of its resolution.
</div>
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<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Global Climate Change — </i>Proposals for voluntary initiatives and mandatory controls are being
discussed in the United States to reduce greenhouse gases such as carbon dioxide, a by-product of
burning fossil fuels. On June 26, 2009, the U.S. House of Representatives passed the American Clean
Energy and Security Act (ACESA). The bill has yet to be taken up by the U.S. Senate. The ACESA
includes a cap and trade program that would start in 2012 and provides for costs for emissions of
greenhouse gases (e.g. carbon dioxide). Meanwhile, the EPA is beginning to implement regulatory
action under the Clean Air Act to address climate change. There may be further legislative and or
regulatory action to address the issue of changes in climate that may result from the build-up of
greenhouse gases in the atmosphere. If passed, legislative or regulatory actions as currently being
discussed could have a material impact on our operations and financial position and the rates we
charge our customers.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Water </i>— In response to an EPA regulation, Detroit Edison is required to examine alternatives for
reducing the environmental impacts of the cooling water intake structures at several of its
facilities. Based on the results of the studies to be conducted over the next several years,
Detroit Edison may be required to install additional control technologies to reduce the impacts of
the water intakes. Initially, it was estimated that Detroit Edison could incur up to approximately
$55 million over the four to six years subsequent to 2008 in additional capital expenditures to
comply with these requirements. However, a January 2007 circuit court decision remanded back to the
EPA several provisions of the federal regulation that may result in a delay in compliance dates.
The decision also raised the possibility that Detroit Edison may have to install cooling towers at
some facilities at a cost substantially greater than was initially estimated for other mitigative
technologies. In 2008, the Supreme Court agreed to review the remanded cost-benefit analysis
provision of the rule. In April 2009, the Supreme Court ruled that a cost-benefit analysis is a
permissible provision of the rule. Concurrently, the EPA continues to develop a revised rule, which
is expected to be published later in 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Contaminated Sites </i>— Detroit Edison conducted remedial investigations at contaminated sites,
including three former manufactured gas plant (MGP) sites, the area surrounding an ash landfill and
several underground and aboveground storage tank locations. The findings of these investigations
indicated that the estimated cost to remediate these sites is expected to be incurred over the next
several years. At June 30, 2009 and December 31, 2008, the Company had $11 million and $12 million,
respectively, accrued for remediation.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Gas Utility</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Contaminated Sites </i>— Prior to the construction of major interstate natural gas pipelines, gas for
heating and other uses was manufactured locally from processes involving coal, coke or oil. Gas
Utility owns, or previously owned, 15 such former MGP sites. Investigations have revealed
contamination related to the by-products of gas manufacturing at each site. In addition to the MGP
sites, the Company is also in the process of cleaning up other contaminated sites. Cleanup
activities associated with these sites will be conducted over the next several years.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The MPSC has established a cost deferral and rate recovery mechanism for investigation and
remediation costs incurred at former MGP sites. Accordingly, Gas Utility recognizes a liability and
corresponding regulatory asset for estimated investigation and remediation costs at former MGP
sites. As of June 30, 2009 and December 31, 2008, the Company had approximately $36 million and $38
million, respectively, accrued for remediation.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Any significant change in assumptions, such as remediation techniques, nature and extent of
contamination and regulatory requirements, could impact the estimate of remedial action costs for
the sites and affect the Company’s financial position and cash flows. However, the Company
anticipates the cost deferral and rate recovery mechanism approved by the MPSC will prevent
environmental costs from having a material adverse impact on our results of operations.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Non-Utility</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company’s non-utility affiliates are subject to a number of environmental laws and regulations
dealing with the protection of the environment from various pollutants. The Company has completed
the installation of new environmental equipment at our coke battery facility in Michigan. The
Michigan coke battery facility received and responded to information requests from the EPA
resulting in the issuance of a notice of violation regarding potential maximum achievable control
technologies and new source review violations. The EPA is in the process of reviewing the Company’s
position of demonstrated compliance and has not initiated escalated enforcement. At this time, the
Company cannot predict the impact of this issue. Furthermore, the Company is in the process of
settling historical air violations at its coke battery facility located in Pennsylvania. At this
time, the Company cannot predict the impact of this settlement. The Company is investigating
wastewater treatment technologies for the coke battery facility located in Pennsylvania. This
investigation may result in capital expenditures to meet regulatory requirements. The Company’s
non-utility affiliates are substantially in compliance with all environmental requirements, other
than as noted above.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Guarantees</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In certain limited circumstances, the Company enters into contractual guarantees. The Company may
guarantee another entity’s obligation in the event it fails to perform. The Company may provide
guarantees in certain indemnification agreements. Finally, the Company may provide indirect
guarantees for the indebtedness of others. Below are the details of specific material guarantees
the Company currently provides.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Millennium Pipeline Project Guarantee</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company owns a 26 percent equity interest in the Millennium Pipeline Project (Millennium).
Millennium is accounted for under the equity method. Millennium began commercial operations in
December 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">On August 29, 2007, Millennium entered into a borrowing facility to finance the construction costs
of the project. The total facility amounts to $800 million and is guaranteed by the project
partners, based upon their respective ownership percentages. The facility expires on August 29,
2010 and was fully drawn as of June 30, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company has agreed to guarantee 26 percent of the borrowing facility and in the event of
default by Millennium the maximum potential amount of future payments under this guarantee is
approximately $210 million. The guarantee includes DTE Energy’s revolving credit facility’s
covenant and default provisions by reference. Related to this facility, the Company has also agreed
to guarantee 26 percent of Millennium’s forward-starting interest rate swaps with a notional amount
of $420 million. The Company’s exposure on the forward-starting interest rate swaps varies with
changes in Treasury rates and credit swap spreads and was approximately $12 million pre-tax at June
30, 2009. Because the Company is unable to accurately anticipate changes in Treasury rates and
credit swap spreads, it is unable to estimate its maximum exposure under its share of Millennium’s
forward-starting interest rate swaps. An incremental 0.25 percent decrease in the forward interest
rate swap rates will increase its exposure by approximately $3 million. There are no recourse
provisions or collateral that would enable the Company to recover any amounts paid under the
guarantees, other than its share of project assets.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Other Guarantees</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In January 2003, the Company sold the steam heating business of Detroit Edison to Thermal Ventures
II, LP. Under the terms of sale, Detroit Edison guaranteed bank loans of $13 million that Thermal
Ventures II, LP used for capital improvements to the steam heating system. At June 30, 2009, the
Company had reserves of $13 million related to the bank loan guarantee.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company’s other guarantees are not individually material with maximum potential payments
totaling $10 million at June 30, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company is periodically required to obtain performance surety bonds in support of obligations
to various governmental entities and other companies in connection with its operations. As of June
30, 2009, the Company had approximately $12 million of performance bonds outstanding. In the event
that such bonds are called for nonperformance, the Company would be obligated to reimburse the
issuer of the performance bond. The Company is released from the performance bonds as the
contractual performance is completed and does not believe that a material amount of any currently
outstanding performance bonds will be called.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Labor Contracts</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">There are several bargaining units for the Company’s union employees. The majority of our union
employees are under contracts that expire in June and October 2010 and August 2012.
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Purchase Commitments</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Detroit Edison has an Energy Purchase Agreement to purchase electricity from the Greater Detroit
Resource Recovery Authority (GDRRA). The term of the Energy Purchase Agreement for the purchase of
electricity runs through June 2024. The Company estimates electric purchase commitments from 2009
through 2024 will not exceed $300 million in the aggregate.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">As of June 30, 2009, the Company was party to numerous long-term purchase commitments relating to a
variety of goods and services required for the Company’s business. These agreements primarily
consist of fuel supply commitments and energy trading contracts. The Company estimates that these
commitments will be approximately $5.9 billion from 2009 through 2051. The Company also estimates
that 2009 capital expenditures will be approximately $1.1 billion. The Company has made certain
commitments in connection with expected capital expenditures.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Bankruptcies</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company purchases and sells electricity, gas, coal, coke and other energy products from and to
numerous companies operating in the steel, automotive, energy, retail, financial and other
industries. Certain of its customers have filed for bankruptcy protection under Chapter 11 of the
U.S. Bankruptcy Code. The Company regularly reviews contingent matters relating to these customers
and its purchase and sale contracts and records provisions for amounts considered at risk of
probable loss. The Company believes its accrued amounts are adequate for probable loss. The final
resolution of these matters may have a material effect on its consolidated financial statements.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company’s utilities and certain non-utility businesses provide services to the domestic
automotive industry, including General Motors Corporation (GM), Ford Motor Company (Ford) and
Chrysler LLC (Chrysler) and many of their vendors and suppliers. Chrysler filed for bankruptcy
protection on April 30, 2009. We have reserved approximately $9.3 million of pre-petition accounts
receivable related to Chrysler as of June 30, 2009. GM filed for bankruptcy protection on June 1,
2009. We have reserved or written off approximately $6.6 million of pre-petition accounts and
notes receivable related to GM as of June 30, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company’s Power and Industrial Projects segment has long-term contracts with GM to provide
onsite energy services at certain of its manufacturing and administrative facilities. The long-term
contracts provide for full recovery of its investment in the event of early termination. At June
30, 2009, the book value of long-lived assets used in the servicing of these facilities was
approximately $69 million. Certain of these long-lived assets have been funded by non-recourse
financing totaling approximately $57 million at June 30, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company’s Power and Industrial Projects segment also has an equity investment of approximately
$52 million in an entity which provides onsite services to Chrysler manufacturing facilities.
Chrysler’s performance under the long-term contracts for services is guaranteed by Daimler North
America Corporation (Daimler), a subsidiary of Daimler AG. The long-term contracts and the
supporting Daimler guarantee provide for full recovery of the Company’s investment in the event of
early termination or default. Chrysler has announced the closure of one site that is under a
long-term service contract with the Company. Through June 30, 2009, to the extent that Chrysler
has not been performing in accordance with its contracts, Daimler has been performing under its
guarantee. Therefore, the Company believes that it will recover its investment in the event of a
facility closure or a Chrysler default.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In the second quarter of 2009, the Company determined that the GM and Chrysler bankruptcy filings
were triggering events to assess certain automotive-related long-lived assets for impairment. As
of June 30, 2009, the Company performed an impairment analysis on our long-lived assets in
accordance with SFAS No. 144, <i>Accounting for the Impairment or Disposal of Long-Lived Assets</i>. Based
on its undiscounted cash flow projections and fair value calculations, the Company determined that
it did not have an impairment loss at June 30, 2009. We have also determined that we do not have
an other than temporary decline in our Chrysler-related equity investment as described in APB 18,
<i>The Equity Method of Accounting for Investments in Common Stock</i>. The Company’s assumptions and
conclusions may change in the future and we could have an impairment loss if certain facilities are
not utilized as currently anticipated.
</div>
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<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Other Contingencies</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company is involved in certain legal, regulatory, administrative and environmental proceedings
before various courts, arbitration panels and governmental agencies concerning claims arising in
the ordinary course of business. These proceedings include certain contract disputes, additional
environmental reviews and investigations, audits, inquiries from various regulators, and pending
judicial matters. The Company cannot predict the final disposition of such proceedings. The Company
regularly reviews legal matters and records provisions for claims it can estimate and are
considered probable of loss. The resolution of these pending proceedings is not expected to have a
material effect on the Company’s operations or financial statements in the periods they are
resolved.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">See Note 3 and 5 for a discussion of contingencies related to derivatives and regulatory matters<b>.</b>
</div>
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<div align="left" style="font-size: 10pt; margin-top: 12pt"><font style="font-variant: SMALL-CAPS"><b>NOTE 10 — SEGMENT INFORMATION</b></font>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The Company sets strategic goals, allocates resources and evaluates performance based on the
following structure:
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Electric Utility</i>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>The Company’s Electric Utility segment consists of Detroit Edison, which is engaged in
the generation, purchase, distribution and sale of electricity to approximately 2.2 million
residential, commercial and industrial customers in southeastern Michigan.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Gas Utility</i>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>The Gas Utility segment consists of MichCon and Citizens. MichCon is engaged in the
purchase, storage, transmission, distribution and sale of natural gas to approximately 1.2
million residential, commercial and industrial customers throughout Michigan. A significant
portion of the storage and transmission business within MichCon relates to customers who
ultimately move the gas to other states and Canada. MichCon also has subsidiaries involved
in the gathering, processing and transmission of natural gas in northern Michigan. Citizens
distributes natural gas in Adrian, Michigan to approximately 17,000 customers.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Non-utility Operations</i>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td><i>Gas Midstream </i>consists of gas pipelines and storage businesses;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td><i>Unconventional Gas Production </i>is engaged in unconventional gas project development and
production;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td><i>Power and Industrial Projects </i>is comprised primarily of projects that deliver energy
and utility-type products and services to industrial, commercial and institutional
customers, biomass energy projects and coal transportation and marketing; and</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" style="background: transparent"> </td>
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td><i>Energy Trading </i>primarily consists of energy marketing and trading operations.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Corporate & Other, </i>includes various holding company activities, holds certain non-utility debt and
energy-related investments.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The income tax provisions or benefits of DTE Energy’s subsidiaries are determined on an individual
company basis and recognize the tax benefit of production tax credits and net operating losses. The
subsidiaries record income tax payable to or receivable from DTE Energy resulting from the
inclusion of its taxable income or loss in DTE Energy’s consolidated federal tax return.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Inter-segment billing for goods and services exchanged between segments is based upon tariffed or
market-based prices of the provider and primarily consists of power sales, gas sales and coal
transportation services in the following segments:
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Six Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td align="left">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
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<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Electric Utility
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>8</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>14</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gas Utility
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Gas Midstream
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Unconventional Gas Production
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Power and Industrial Projects
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Energy Trading
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>21</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>53</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate & Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(39</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(42</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>6</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">33</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>28</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">53</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Financial data of the business segments follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Six Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td align="left">(in Millions)</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Operating Revenues</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Electric Utility
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,108</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,173</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,226</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,326</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Gas Utility
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>292</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">397</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,063</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,312</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Non-utility Operations:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Gas Midstream
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>20</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>42</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Unconventional Gas Production
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Power and Industrial Projects
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>138</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">238</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>293</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">454</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Energy Trading
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>128</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">435</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b> 332</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">723</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>294</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">703</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>682</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,234</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate & Other
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Reconciliation & Eliminations
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(33</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(28</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(53</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total From Continuing Operations
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,688</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,251</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>3,943</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,821</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net Income (Loss) by Segment:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Electric Utility
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>79</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">51</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>157</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">92</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Gas Utility
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(15</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>46</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">48</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Non-utility Operations:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Gas Midstream
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>10</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>24</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Unconventional Gas Production (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">86</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Power and Industrial Projects
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Energy Trading
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>27</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>67</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate & Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(10</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(27</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(35</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income (Loss) from Continuing Operations
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Utility
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>64</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>203</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">140</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Non-utility
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>29</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>85</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"> 123</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Corporate & Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(10</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(27</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(35</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>83</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>261</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">228</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Discontinued Operations (Note 4)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net Income attributable to DTE Energy
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>83</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>261</b></td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">240</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Net Income of the<font style="font-variant: SMALL-CAPS"> </font>Unconventional Gas Production segment in
the 2008 six-month period reflects the gain on the sale of a portion
of the Barnett shale properties. See Note 4.</td>
</tr>
</table>
</div>
</body>
</html>
Filing amendment to include xbrl
true
--12-31
2009-06-30
10-Q
0000936340
164472648
Yes
Large Accelerated Filer
5244053952
DTE Energy Company
No
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