DTE Electric 8-K DTE Energy reports second quarter 2014 results

EXHIBIT 99.2

DTE Energy Debt/Equity Calculation

As of June 30, 2014

($ millions)

Short-term borrowings	$	511
Current portion of long-term debt, including capital leases	229
Mortgage bonds, notes and other	7,329
Capital lease obligations	4
Other adjustments	256
less Securitization bonds, including current portion	(201		)
50% Junior Subordinated Debentures	240
Total debt	8,368
50% Junior Subordinated Debentures	240
Common equity	8,026
Total adjusted equity	8,266
Total capitalization	$	16,634
Debt	50.3		%
Adjusted equity	49.7		%
Total	100		%

Sales Analysis - Q2 2014
Electric Sales - DTE Electric Service Area (GWh)					Electric Billings - DTE Electric Service Area (000s)
	Q2 2014	Q2 2013	% Change			Q2 2014		Q2 2013		% Change
Residential	3,452	3,345	3	%	Residential	$	504,164	$	532,433	(5	)%
Commercial	4,168	4,158	—	%	Commercial	441,828		477,319		(7	)%
Industrial	2,554	2,675	(5	)%	Industrial	192,527		210,984		(9	)%
Other	171	216	(21	)%	Other	22,896		26,870		(15	)%
	10,345	10,394	0	%		$	1,161,415	$	1,247,606	(7	)%
Choice	1,237	1,287	(4	)%	Choice	23,079		24,222		(5	)%
TOTAL SALES	11,582	11,681	(1	)%	TOTAL BILLINGS	$	1,184,494	$	1,271,828	(7	)%

Gas Sales - DTE Gas Service Area (MMcf)					Gas Billings - DTE Gas Service Area (000s)
	Q2 2014	Q2 2013	% Change			Q2 2014		Q2 2013		% Change
Residential	13,588	14,192	(4	)%	Residential	$	127,152	$	137,548	(8	)%
Commercial	3,199	3,024	6	%	Commercial	28,046		28,406		(1	)%
Industrial	145	85	71	%	Industrial	1,028		637		61	%
	16,932	17,301	(2	)%		$	156,226	$	166,591	(6	)%
End User Transportation*	31,523	32,043	(2	)%	End User Transportation*	43,495		44,637		(3	)%
TOTAL SALES	48,455	49,344	(2	)%	TOTAL BILLINGS	$	199,721	$	211,228	(5	)%
________________					________________
* Includes choice customers					* Includes choice customers

Weather
Cooling Degree Days							Heating Degree Days
DTE Electric service territory							DTE Gas service territory
	Q2 2014		Q2 2013		% Change			Q2 2014		Q2 2013		% Change
Actuals**	240		205		17	%	Actuals	780		818		(5	)%
Normal	215		215		—	%	Normal	774		757		2	%
Deviation from normal	12	%	(5	)%			Deviation from normal	1	%	8	%

Earnings Impact of Weather
Variance from normal weather ($ millions, after-tax)
	Q2 2014		Q2 2013
DTE Electric	$	3	$	(2	)
DTE Gas	1		4

**2013 CDDs adjusted/normalized to reflect actual customer response to weather; AMI usage data demonstrates non-linear response to weather variation

Sales Analysis - YTD June 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	7,430	7,199	3	%	Residential	$	1,078,837	$	1,111,169	(3	)%
Commercial	8,216	8,081	2	%	Commercial	865,403		918,748		(6	)%
Industrial	5,055	5,111	(1	)%	Industrial	391,554		397,238		(1	)%
Other	376	468	(20	)%	Other	45,756		53,334		(14	)%
	21,077	20,859	1	%		$	2,381,550	$	2,480,489	(4	)%
Choice	2,504	2,547	(2	)%	Choice	46,498		47,242		(2	)%
TOTAL SALES	23,581	23,406	1	%	TOTAL BILLINGS	$	2,428,048	$	2,527,731	(4	)%

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	69,017	59,749	16	%	Residential	$	565,162	$	507,531	11	%
Commercial	16,450	13,683	20	%	Commercial	130,747		113,142		16	%
Industrial	620	302	105	%	Industrial	7,089		2,274		212	%
	86,087	73,734	17	%		$	702,998	$	622,947	13	%
End User Transportation*	93,986	87,607	7	%	End User Transportation*	140,156		129,798		8	%
TOTAL SALES	180,073	161,341	12	%	TOTAL BILLINGS	$	843,154	$	752,745	12	%
________________					________________
* 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	240		205		17	%	Actuals	4,757		4,046		18	%
Normal	215		215		—	%	Normal	3,949		3,898		1	%
Deviation from normal	12	%	(5	)%			Deviation from normal	20	%	4	%

Earnings Impact of Weather
Variance from normal weather ($ millions, after-tax)
	YTD 2014		YTD 2013
DTE Electric	$	16	$	(2	)
DTE Gas	32		7

**2013 CDDs adjusted/normalized to reflect actual customer response to weather; AMI usage data demonstrates non-linear response to weather variation

DTE Electric Temperature Normal Sales Analysis - YTD June 30, 2014
Temperature Normal Electric Sales - DTE Electric Service Area (GWh)
	YTD 2014	YTD 2013	% Change
Residential	7,176	7,224	(1	)%
Commercial	8,133	8,091	1	%
Industrial	5,053	5,111	(1	)%
Other	377	469	(20	)%
	20,739	20,895	(1	)%
Choice	2,489	2,547	(2	)%
TOTAL SALES	23,228	23,442	(1	)%

Temperature Normal Electric Sales - DTE Electric Service Area (Includes Electric Choice) (GWh)
	YTD 2014	YTD 2013	% Change
Residential	7,176	7,224	(1	)%
Commercial	9,618	9,576	—	%
Industrial	6,057	6,173	(2	)%
Other	377	469	(20	)%
TOTAL SALES	23,228	23,442	(1	)%