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…
We raised our 2015 operating EPS* guidance to a midpoint of 4.72 per share (dollars per share) 2015 Operating EPS Guidance Midpoint Growth segments 4.66 Total DTE Energy 4.72 4.72 4.60 Operating EPS* 6.7% CAGR 4.66 2009…
Overview Long-Term Growth Update Summary 6
Economic indicators continue to improve in Michigan and the City of Detroit Lowest Michigan unemployment since 2001 7 most competitive state for job creation* Michigan has most new manufacturing jobs since 2009**…
Michigan leaders are working toward a constructive energy policy Retail Open Access (ROA) Options Current 10% cap with Fully 10% cap capacity requirements regulated Proposing... 10% ROA cap with capacity requirements…
We will invest over 11 billion in capital projects to drive growth through 2019 (billions) 11.2 11.8 Power & Industrial Projects On-site energy, cogeneration 0.6 0.8 1.5 1.9 Gas Storage & Pipelines Gathering investments, NEXUS,…
DTE will be transforming its generation mix by replacing coal with natural gas and renewables DTE Electric Generation Capacity (GW) 12.3 (3.5) 3.7 12.5 2015 acquisitions of 1 GW Nuclear / 2.2 20% Other of natural gas capacity…
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…
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…
As we continue to grow, we are focusing on minimizing the customer rate impact DTE Electric Downward pressure 600 million* surcharge reductions Continuous Improvement Surcharge Reductions New business cost of service rates…
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…
Next major milestone for NEXUS is FERC filing expected in 4Q 2015 250 mile pipeline to provide natural gas from Marcellus and Utica shales to Michigan, Ohio, Chicago and Ontario 1.5 Bcf/d capacity; DTEs expected investment is 700…
Power & Industrial Projects is focused in three key business lines across the country Industrial Energy Services Renewable Energy Reduced Emissions Fuel 16
Overview Long-Term Growth Update Summary 17
Summary We are confident in this years performance as we increased our 2015 operating EPS* guidance midpoint to 4.66 for our growth segments and 4.72 for DTE Energy We increased our annual dividend 16 cents to 2.92 per share, a…
Contact Us DTE Energy Investor Relations www.dteenergy.com/investors (313) 235-8030 19
Appendix
Our system of priorities is fundamental to how we create value for our investors 5% - 6% Annual Attractive Strong EPS Growth Dividend Balance Sheet 21
DTE Energy has earned Gallups Great Workplace Award for the third year in a row Winners recognized for extraordinary ability to create an engaged workforce culture Annual award granted to a handful of companies worldwide DTE…
DTE Energy has made significant strides in improving customer satisfaction for both electric and gas customers JD Power Rank vs. Midwest Peers Residential Electric Residential Gas Business Electric Business Gas DTE 2015 DTE 2014 &…
DTEs continuous improvement capability has enabled us to lead the industry in cost management 2008 to 2014 Change in O&M Costs 83% Electric Industry Peers* Avg. DTE 28% -3% 80% Gas Industry Peers** Avg.…
Our strong earnings growth opportunities coupled with our contingency planning gives us confidence in our ability to deliver 5% to 6% operating EPS* growth 10% - 15% 7% - 8% 5% - 7% 5% - 6% Non-Utilities Utilities…
We increased our 2015 operating earnings* guidance due to strong performance in the first half of the year (millions, except EPS) 2015 2015 2015 YTD 2Q Prior Revised Guidance Drivers Actuals Guidance Guidance DTE Electric 247 554 -…
2015 Cash Flow and Capital Expenditures Guidance (billions) (millions) Cash Flow Summary Capital Expenditures Summary 2014 2015 2014 2015 Actual Guidance Actual Guidance Cash From Operations* 1.8 1.7 DTE Electric Operational…
Strong balance sheet remains a key priority and supports growth Leverage* 2015 financing plan is on track Target 50% - 53% Issued 200 million of equity YTD; targeting 800 to 900 million 2015 - 51% 53% 2017 49% 51% DTE Energy…
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…
DTE Electric plans 7.5 billion of investments over the next 5 years (millions) 1,820 7,500 400 Environmental 1,561 1,400 1,460 1,460 1,460 New Generation 1,300 1,200 Other Projects* Distribution 900 Reliability…
Generation replacement will significantly increase DTE Electrics investment over the next 10 years (billions) DTE Electric Total Investment 9.0 7.5 New generation 6.0 investment 2010-2014 2015-2019 2020-2024 31
DTE Gas plans nearly 1.6 billion of investments over the next 5 years (millions) 350 360 1,550 125 NEXUS related 280 280 280 224 600 Gas Renewal 825 Base 2014A 2015E 2016E 2017E 2018E 2019E 2015E - 2019E Total…
Gas Storage & Pipelines platforms drive growth through new projects and expansions Bluestone Pipeline Growth Strategy Millennium Pipeline Vector Pipeline Understand and anticipate opportunities Proposed NEXUS Pipeline in new…
Gas Storage & Pipelines operating earnings* potential is 145 million by 2019 (millions) 10% - 15% CAGR 145 10 New Project Development (Other gathering and pipeline expansions) 20 Storage Platform 90 - 98 82 45 Gathering…
Gas Storage & Pipelines assets have expansion opportunities to accommodate increased demand Capacity Pipeline Assets Bcf/ d In-Service Millennium Pipeline 0.8 Expansion 0.2 - 0.5 2017+ Total Planned Capacity 1.0 - 1.3…
Power & Industrial Projects is pursuing new opportunities in each business line in order to achieve growth aspirations On-site energy and utility services for industrial, commercial and institutional customers; 10-20 year contracts…
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 90 - 100 35 Renewable…
Second Quarter 2015 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…
2009 2014 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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