DTE ENERGY CO - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - October 24, 2014

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8-K - 8-K - DTE ENERGY COa8-kdteenergyelectric3rdqt.htm
EX-99.1 - EXHIBIT 99.1 - DTE ENERGY COexhibit991.htm
EX-99.3 - EXHIBIT 99.3 - DTE ENERGY COdteq32014externalearning.htm
EXHIBIT 99.2







DTE Energy Debt/Equity Calculation
As of September 30, 2014
($ millions)

Short-term borrowings
$
653

Current portion of long-term debt, including capital leases
274

Mortgage bonds, notes and other
7,426

Capital lease obligations
3

Other adjustments
48

less Securitization bonds, including current portion
(105
)
50% Junior Subordinated Debentures
240

Total debt
8,539

 
 
50% Junior Subordinated Debentures
240

Common equity
8,186

Total adjusted equity
8,426

 
 
Total capitalization
$
16,965

 
 
Debt
50.3
%
Adjusted equity
49.7
%
 
 
Total
100
%





Sales Analysis - 3Q 2014
 
 
 
Electric Sales - DTE Electric Service Area (GWh)
 
Electric Billings - DTE Electric Service Area (000s)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3Q 2014
 
3Q 2013
 
% Change
 
 
3Q 2014
 
3Q 2013
 
% Change
Residential
3,932

 
4,401

 
(11
)%
 
Residential
$
574,555

 
$
672,902

 
(15
)%
Commercial
4,541

 
4,504

 
1
 %
 
Commercial
473,190

 
508,522

 
(7
)%
Industrial
2,710

 
2,635

 
3
 %
 
Industrial
195,796

 
203,606

 
(4
)%
Other
62

 
233

 
(73
)%
 
Other
13,891

 
27,685

 
(50
)%
 
11,245

 
11,773

 
(4
)%
 
 
$
1,257,432

 
$
1,412,715

 
(11
)%
Choice
1,334

 
1,393

 
(4
)%
 
Choice
23,846

 
25,789

 
(8
)%
TOTAL SALES
12,579

 
13,166

 
(4
)%
 
TOTAL BILLINGS
$
1,281,278

 
$
1,438,504

 
(11
)%

Gas Sales - DTE Gas Service Area (MMcf)
 
Gas Billings - DTE Gas Service Area (000s)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3Q 2014
 
3Q 2013
 
% Change
 
 
3Q 2014
 
3Q 2013
 
% Change
Residential
7,646

 
8,671

 
(12
)%
 
Residential
$
89,088

 
$
86,918

 
2
 %
Commercial
1,581

 
1,297

 
22
 %
 
Commercial
17,988

 
14,625

 
23
 %
Industrial
56

 
113

 
(50
)%
 
Industrial
466

 
817

 
(43
)%
 
9,283

 
10,081

 
(8
)%
 
 
$
107,542

 
$
102,360

 
5
 %
End User Transportation*
27,575

 
23,924

 
15
 %
 
End User Transportation*
32,192

 
31,865

 
1
 %
TOTAL SALES
36,858

 
34,005

 
8
 %
 
TOTAL BILLINGS
$
139,734

 
$
134,225

 
4
 %
________________
 
 
 
 
 
 
________________
 
 
 
 
 
* Includes choice customers
 
 
 
 
 
 
* Includes choice customers
 
 
 
 
 

Weather
 
 
 
 
 
 
 
 
 
 
 
 
 
Cooling Degree Days
 
 
 
 
 
 
Heating Degree Days
 
 
 
 
 
DTE Electric service territory
 
 
 
 
 
 
DTE Gas service territory
 
 
 
 
 
 
3Q 2014
 
3Q 2013
 
% Change
 
 
3Q 2014
 
3Q 2013
 
% Change
Actuals**
408

 
583

 
(30
)%
 
Actuals
159

 
143

 
11
%
Normal
580

 
580

 
—
 %
 
Normal
130

 
122

 
7
%
Deviation from normal
(30
)%
 
1
%
 
 
 
Deviation from normal
22
%
 
17
%
 
 

Earnings Impact of Weather
 
Variance from normal weather ($ millions, after-tax)
 
 
3Q 2014
 
3Q 2013
 
DTE Electric
$
(33
)
 
$
—

 
DTE Gas
1

 
1

 











Sales Analysis - YTD September 30, 2014
 
 
 
Electric Sales - DTE Electric Service Area (GWh)
 
Electric Billings - DTE Electric Service Area (000s)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
YTD 2014
 
YTD 2013
 
% Change
 
 
YTD 2014
 
YTD 2013
 
% Change
Residential
11,362

 
11,600

 
(2
)%
 
Residential
$
1,653,392

 
$
1,784,071

 
(7
)%
Commercial
12,757

 
12,585

 
1
 %
 
Commercial
1,338,593

 
1,427,270

 
(6
)%
Industrial
7,765

 
7,746

 
—
 %
 
Industrial
587,350

 
600,844

 
(2
)%
Other
438

 
701

 
(38
)%
 
Other
59,647

 
81,019

 
(26
)%
 
32,322

 
32,632

 
(1
)%
 
 
$
3,638,982

 
$
3,893,204

 
(7
)%
Choice
3,838

 
3,940

 
(3
)%
 
Choice
70,344

 
73,031

 
(4
)%
TOTAL SALES
36,160

 
36,572

 
(1
)%
 
TOTAL BILLINGS
$
3,709,326

 
$
3,966,235

 
(6
)%

Gas Sales - DTE Gas Service Area (MMcf)
 
Gas Billings - DTE Gas Service Area (000s)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
YTD 2014
 
YTD 2013
 
% Change
 
 
YTD 2014
 
YTD 2013
 
% Change
Residential
76,663

 
68,420

 
12
%
 
Residential
$
654,251

 
$
594,449

 
10
%
Commercial
18,031

 
14,980

 
20
%
 
Commercial
148,735

 
127,767

 
16
%
Industrial
676

 
415

 
63
%
 
Industrial
7,555

 
3,092

 
144
%
 
95,370

 
83,815

 
14
%
 
 
$
810,541

 
$
725,308

 
12
%
End User Transportation*
121,561

 
111,531

 
9
%
 
End User Transportation*
172,348

 
161,663

 
7
%
TOTAL SALES
216,931

 
195,346

 
11
%
 
TOTAL BILLINGS
$
982,889

 
$
886,971

 
11
%
________________
 
 
 
 
 
 
________________
 
 
 
 
 
* Includes choice customers
 
 
 
 
 
 
* Includes choice customers
 
 
 
 
 

Weather
 
 
 
 
 
 
 
 
 
 
 
 
 
Cooling Degree Days
 
 
 
 
 
 
Heating Degree Days
 
 
 
 
 
DTE Electric service territory
 
 
 
 
 
 
DTE Gas service territory
 
 
 
 
 
 
YTD 2014
 
YTD 2013
 
% Change
 
 
YTD 2014
 
YTD 2013
 
% Change
Actuals
648

 
846

 
(23
)%
 
Actuals
4,916

 
4,189

 
17
%
Normal
795

 
795

 
—
 %
 
Normal
4,079

 
4,020

 
1
%
Deviation from normal
(18
)%
 
6
%
 
 
 
Deviation from normal
21
%
 
4
%
 
 

Earnings Impact of Weather
 
Variance from normal weather ($ millions, after-tax)
 
 
YTD 2014
 
YTD 2013
 
DTE Electric
$
(17
)
 
$
(1
)
 
DTE Gas
32

 
8

 










DTE Electric Weather Normal Sales* Analysis - YTD September 30, 2014
 
Weather Normal Electric Sales - DTE Electric
Service Area (GWh)
 
 
 
 
 
 
 
YTD 2014
 
YTD 2013
 
% Change
Residential
11,558

 
11,666

 
(1
)%
Commercial
12,807

 
12,610

 
2
 %
Industrial
7,792

 
7,747

 
1
 %
Other
439

 
702

 
(37
)%
 
32,596

 
32,725

 
(1
)%
Choice
3,848

 
3,943

 
(2
)%
TOTAL SALES
36,444

 
36,668

 
(1
)%

Weather Normal Electric Sales - DTE Electric
Service Area (Includes Electric Choice) (GWh)
 
 
 
 
 
 
 
YTD 2014
 
YTD 2013
 
% Change
Residential
11,558

 
11,666

 
(1
)%
Commercial
15,117

 
14,945

 
1
 %
Industrial
9,330

 
9,355

 
—
 %
Other
439

 
702

 
(37
)%
TOTAL SALES
36,444

 
36,668

 
(1
)%




* Includes adjustments for temperature normalization and, beginning in 2014, customer
         outages due to weather


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