DTE Energys growth is driven by strong, stable utilities and complementary non-utility businesses Strong, Stable and Growing Utilities Complementary Non-Utility Businesses Fully Regulated by Michigan Public Service Commission 80% of…
Our system of priorities is fundamental to how we create value for our investors 5% - 6% Annual Attractive Strong EPS Growth Dividend Balance Sheet 5
Our utilities continue to move toward best in class in customer satisfaction JD Power Gas Utility Residential JD Power Electric Utility Residential Gas Customer Satisfaction Ranking Electric Customer Satisfaction Ranking Midwest…
DTEs continuous improvement capability has enabled us to lead the industry in cost management 2008 to 2013 Change in O&M Costs 1st 2nd 3rd 4th 70% Quartile Quartile Quartile Quartile Electric Industry Avg. Peers* 25% DTE 0%…
Michigans regulatory environment is viewed as very constructive; we work hard to earn this every day MI 8 Source: Standard & Poors, January 2014
We remain committed to our operating earnings* and dividend per share growth targets; our 2015 early outlook midpoint of 4.55 EPS is 5.8% above our original 2014 guidance midpoint (dollars per share) 2014 EPS 2015 EPS Guidance…
Our strong earnings growth opportunities coupled with our contingency planning gives us confidence in our ability to deliver 5% 6% operating EPS* growth 10% - 15% 7% - 8% 5% - 7% 5% - 6% Non-Utilities Utilities…
DTE has consistently delivered total shareholder return above the peer average DTE Energys Total Shareholder Return Percentile Ranking Among S&P 500 Utilities 1st 90% 93% Quartile 2nd 70% 67% Quartile 3rd Quartile 4th…
DTE will be transforming its generation mix by replacing coal with natural gas and renewables Generation Capacity (GW) 12.5 11.3 Nuclear / 20% other 20% 10% Gas / 50% Renewables 70% Coal 30% 2014 2030…
Our electric utility is investing 7.5 billion in three key areas through 2019 Targeting 5% - 6% growth 400 million 7.5 billion 1.4 billion Compliance Gas plant acquisition Generation asset 5.7 billion base renewal…
Generation replacement will significantly increase DTE Electrics average annual investment over the next 10 years (billions) DTE Electric Average Annual Investment 1.8 1.5 New generation 1.2 investment 2010-2014 2015-2019…
We are working collaboratively with the state on regulation and energy policy to support future investment Revised business Resulted from industrial rate design workgroup; cost of service rates accurately reflects cost of service…
Structural rate reduction* opportunities provide headroom for needed investments in generation and infrastructure 6% Renewable and other surcharge reductions (2014) 8% Nuclear bond securitization roll Potential off (2015)…
Our gas utility is making 1.6 billion of reliability and infrastructure investments through 2019 Targeting 7% - 8% growth 125 million 1.6 billion 600 million Compression Main renewal, meter move-out and pipeline integrity 825…
Expanding to 160 miles per year by 2018 would reduce our planned main replacement cycle by approximately half Current Gas Proposed Gas Renewal Plan Renewal Plan (50 years) (25 years) 160 miles 130 80 80 miles Investment*…
Recovery of DTE Gas capital investments will require periodic rate cases (billions) Capital Investment and Recovery 2015 - 2019 1.6 Expect next general Periodic rate cases rate case filing in Customer growth / 2016/2017…
The Gas Storage & Pipelines business growth strategy leverages existing and new assets Understand and anticipate opportunities in new resource plays Pipeline Platform Leverage existing foundational assets and build out…
Gas Storage & Pipelines is developing an asset portfolio with multiple growth platforms Michigan Gathering DTE Gas DTE Storage Bluestone Pipeline Bluestone Gathering System Utica Marcellus Shale Shale Proposed…
Bluestone and Millennium investments increase takeaway capacity in the Marcellus region Aggressively building out Bluestone gathering and exploring opportunities in Bluestone expanded geography Lateral New York Bluestone…
NEXUS continues to move forward to bring Utica and Southwest Marcellus gas to Michigan, Chicago and Ontario markets Agreements executed with LDCs and several key shippers; balance expected by year end Capacity 1.5 Bcf/day; scalable…
Vectors open season is underway for an expansion to provide increased capacity Extended binding open DTE Gas season to November 21, DTE 2014 Storage Discussions with key shippers are progressing Goal of open season:…
Gas Storage & Pipelines operating earnings* potential is 145 million by 2019 (millions) 10% - 15% 145 CAGR New Project Development 10 (Other gathering and pipeline expansions) 20 Storage Platform 79 - 87 45 Gathering…
Power & Industrial Projects (P&I) is focused in three key business lines across the country Industrial Energy Services Renewable Energy Reduced Emissions Fuel 28
Each business line is pursuing new opportunities contributing to P&Is growth aspirations On-site energy and utility services for industrial, commercial and institutional customers Long-term growth from existing expansions, greenfield…
Power & Industrial Projects is targeting 145 million of operating earnings* by 2019 through growth in each of its business lines (millions) 10% - 15% CAGR 145 New Project 20 Development / Acquisitions 35 Renewable Energy 90 -…
Summary Proven track record of premium returns Targeting 5% to 6% operating EPS* growth and parallel dividend growth 2015 operating EPS outlook of 4.55 provides 5.8% growth over 2014 original guidance midpoint Generation…
Contact Us DTE Energy Investor Relations www.dteenergy.com/investors (313) 235-8030 33
Appendix 34
2015 early outlook has a midpoint of 4.55 per share; growth from original 2014 guidance midpoint is consistent with our 5% to 6% target (millions, except EPS) 2014 2014 2015 Prior Revised Early 2015 Growth Drivers Guidance Guidance…
2014 cash flow guidance (billions) (millions) Cash Flow Summary Capital Expenditures Summary 2013 2014 2013 2014 Actual Guidance Actual Guidance DTE Electric Cash From Operations* 2.2 1.6 Operational 999 1,160 Capital…
2015 2017 cash from operations and equity issuances plan supports utility capital spend and a strong balance sheet (billions) Sources of 9.1 billion Cash from Operations* 5.6 Targeting 900 million of equity Equity Debt** 0.9…
DTE Electric plans 7.5 billion of investments over the next 5 years (millions) 1,950 7,500 400 Environmental 1,600 1,450 1,450 1,450 1,400 New Generation 1,200 1,200 Other Projects* Distribution 900 Reliability…
DTE Gas plans nearly 1.6 billion of investments over the next 5 years (millions) 360 340 1,550 300 125 NEXUS related 275 275 240 600 Gas Renewal 825 Base 2014E 2015E 2016E 2017E 2018E 2019E 2015E - 2019E Total…
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 Capacity…
The Michigan Public Service Commission (MPSC) is the state regulator for electric and gas utilities The MPSC establishes fair and reasonable rates and administers fair terms and conditions of service for Michigans utility customers…
Michigan economy continues to improve Michigan is moving up in ranking and continues to receive of competitive states positive recognition Top 10 Competitive AMERICAN States of 2013 ECONOMIC Rank State DEVELOPMENT INSTITUTE 1…
Michigan economic indicators highlight continued growth over the next few years Gross State Product Increased Auto Production (billons) (000s) 438 2,760 430 2,573 423 2,433 2,446 420 2,295 2,256 414 408 366 1,144 2007…
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…
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…
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