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Business Update – DTE Energy Co.

DTE Energy Co. · Sep 3, 2014 · 35 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Business Update – DTE Energy Co. – slide 1
    Business Update September 3 - 4, 2014
  2. Business Update – DTE Energy Co. – slide 2
    Overview Long-Term Growth Update Summary 3
  3. Business Update – DTE Energy Co. – slide 3
    DTE Energy is an integrated energy company Strong, Stable and Growing Complementary Utilities Non-Utility Businesses DTE Electric Gas Storage & Pipelines (GSP) Electric generation and Transport and store natural gas distribution…
  4. Business Update – DTE Energy Co. – slide 4
    Our business strategy is fundamental to how we create value for our investors Utility growth plan driven by infrastructure investments 5% - 6% Annual Strategic, transparent, low-risk growth EPS Growth opportunities in non-utility…
  5. Business Update – DTE Energy Co. – slide 5
    DTE has raised its annual dividend over 5% to 2.76 marking the fifth consecutive year of an increase in line with our stated long-term earnings targets (dollars) Operating EPS* Guidance 7.2% CAGR Midpoint 2008-2014 4.30 4.09…
  6. Business Update – DTE Energy Co. – slide 6
    DTE has delivered total shareholder return above market indices Historical Total Shareholder Return CAGR* 22% 20% 18% 17% 16% 13% 12% 12% 11% 10% 8% 8% YTD 3 YR 5 YR 10 YR DTE S&P500 Utilities S&P500 * As of July…
  7. Business Update – DTE Energy Co. – slide 7
    Overview Long-Term Growth Update Summary 8
  8. Business Update – DTE Energy Co. – slide 8
    Michigan economic indicators highlight continued growth over the next few years Gross State Product Increased Auto Production AMERICAN (billons) (000s) ECONOMIC DEVELOPMENT 434 INSTITUTE 420 425 408 415 2,295 2,433 2,292 2,414…
  9. Business Update – DTE Energy Co. – slide 9
    Michigans regulatory environment ranks among the best in the country MI Strong Strong / Adequate Adequate Data source: Standard & Poors, January 2014 10
  10. Business Update – DTE Energy Co. – slide 10
    Upward pressure on customer rates will be minimized by cost controls, surcharge reductions and load growth 650 million* of surcharge reductions DTE Electric File rate case late 2014 or early 2015 Targeting to stay close to rate…
  11. Business Update – DTE Energy Co. – slide 11
    DTEs CI capability has enabled us to lead the industry in cost management Electric Industry Peers* 2008 to 2013 Change in O&M Costs 70% Avg. 25% DTE 0% Gas Industry Peers** 2008 to 2013 Change in O&M Costs 71% Avg.…
  12. Business Update – DTE Energy Co. – slide 12
    Our electric utility is investing 6.7 billion in three key growth areas through 2018 Base Generation New Infrastructure Compliance Generation 5.6 billion 700 million 400 million Power plant reliability Environmental requirements…
  13. Business Update – DTE Energy Co. – slide 13
    New natural gas and wind capacity will replace coal retirements and increase DTE Electric total average annual investment Generation Capacity (GW) 11.3 11.9 20% Nuclear/other 20% Nuclear/other New capacity by acquisition…
  14. Business Update – DTE Energy Co. – slide 14
    Our gas utility is making 1.2 billion of reliability and pipeline integrity investments through 2018 Base Main Renewal, Meter Move-Out Infrastructure & Pipeline Integrity 700 million 500 million Strengthen and expand distribution…
  15. Business Update – DTE Energy Co. – slide 15
    Gas Storage & Pipelines is developing an asset portfolio with multiple growth platforms Pipeline Gathering Storage 16
  16. Business Update – DTE Energy Co. – slide 16
    Gas Storage & Pipelines platforms drive growth through new projects and expansions Pipeline Platform Gathering Platform Storage Platform Bluestone Pipeline Bluestone Gathering Washington 10 Bluestone Pipeline Bluestone Gathering…
  17. Business Update – DTE Energy Co. – slide 17
    NEXUS is the leading proposed project to bring Utica and Southwest Marcellus natural gas to market Successful binding open season concluded August 21, 2014. Final contract negotiations underway On track for 1.5 Bcf/d, providing…
  18. Business Update – DTE Energy Co. – slide 18
    Gas Storage & Pipelines operating earnings* potential of 130 million by 2018 (millions) 130 New Project Development 20 (NEXUS; other gathering and pipeline expansions) 20 Storage Platform 78 - 86 70 61 45 Gathering…
  19. Business Update – DTE Energy Co. – slide 19
    Power & Industrial Projects is focused in three key business lines Industrial Energy Services Renewable Energy Reduced Emissions Fuel Wood-fired Plant Cassville, WI On-site Energy Project Wood-fired Plant Reduced Emissions Fuel…
  20. Business Update – DTE Energy Co. – slide 20
    Power & Industrial Projects is executing on its growth plans 2014 Progress Industrial Energy Services Cogen project being constructed to serve Ohio manufacturer expected to commence operations by end of year Organic growth…
  21. Business Update – DTE Energy Co. – slide 21
    Power & Industrial Projects is targeting 155 million of operating earnings* by 2018 through growth in each of its business lines (millions) 155 New Project Development / 30 Acquisitions 35 Renewable Energy 75 - 85 Reduced 70…
  22. Business Update – DTE Energy Co. – slide 22
    Overview Long-Term Growth Update Summary 23
  23. Business Update – DTE Energy Co. – slide 23
    Summary Long-term plan supports continued 5% - 6% operating EPS growth Constructive regulation, coupled with a focus on operational excellence and strong customer satisfaction, supports meaningful growth at the utilities Solid…
  24. Business Update – DTE Energy Co. – slide 24
    Contact Us DTE Energy Investor Relations www.dteenergy.com/investors (313) 235-8030 25
  25. Business Update – DTE Energy Co. – slide 25
    Appendix
  26. Business Update – DTE Energy Co. – slide 26
    We remain confident in our 2014 operating earnings* guidance (millions, except EPS) 2014 2014 2Q YTD Guidance DTE Electric 265 520 - 530 DTE Gas 125 120 - 126 Favorable DTE Gas 1Q performance provides Gas Storage & Pipelines 39…
  27. Business Update – DTE Energy Co. – slide 27
    We are on track to achieve 2014 cash flow guidance Cash Flow Summary Capital Expenditures Summary (billions) (millions) 2014 2014 2014 2014 2Q YTD Guidance 2Q YTD Guidance DTE Electric Cash From Operations 1.1 1.6 Operational 584…
  28. Business Update – DTE Energy Co. – slide 28
    Strong balance sheet remains a key priority and supports growth Leverage* Target Targeting zero equity issuances in 2014 50% - 52% Annual issuances of 200 million to 49% 52% 300 million in 2015 and 2016 2013 2014E 1.4 billion…
  29. Business Update – DTE Energy Co. – slide 29
    2014 2016 cash from operations and equity issuances plan supports utility capital spend and a strong balance sheet (billions) Sources of 8.0 billion Uses of 8.0 billion Cash from Capital Operations* Spending 4.8 6.5 Equity…
  30. Business Update – DTE Energy Co. – slide 30
    DTE Electric plans 6.7 billion of investments over the next 5 years (millions) 1,600 6,700 700 1,350 1,325 1,300 1,350 400 Environmental 1,100 1,100 1,000 New Generation Other Projects* 500 Distribution Reliability…
  31. Business Update – DTE Energy Co. – slide 31
    DTE Gas plans 1.2 billion of investments over the next 5 years (millions) 1,200 240 240 240 240 240 209 Main Renewal, Meter Move-Out, 500 Pipeline Integrity Base 700 2013A 2014E 2015E 2016E 2017E 2018E 2014E - 2018E…
  32. Business Update – DTE Energy Co. – slide 32
    Gas Storage & Pipelines assets have expansion opportunities to accommodate increased demand Capacity Pipeline Assets Bcf/ d In-Service Millennium Pipeline 0.8 Future Expansion (planning phase) 0.2 - 0.5 2017 + Total Planned…
  33. Business Update – DTE Energy Co. – slide 33
    Second Quarter and June Year To Date Reconciliation of Reported to Operating Earnings Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys…
  34. Business Update – DTE Energy Co. – slide 34
    2008 2013 Full Year Reconciliation of Reported to Operating Earnings Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from…
  35. Business Update – DTE Energy Co. – slide 35
    Reconciliation of Other Reported to Operating Earnings Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from ongoing operations…

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