DTE Electric 8-K DTE Energy reports improved first quarter 2010 results

Exhibit 99.2

Q1 2010 Supplemental Financial Information

DTE Energy Company
Consolidated Statements of Financial Position (Unaudited)

	March 31			December 31
(in Millions)	2010			2009
ASSETS
Current Assets
Cash and cash equivalents	$	193		$	52
Restricted cash		39			84
Accounts receivable (less allowance for doubtful accounts of $263 and $262, respectively)
Customer		1,403			1,438
Other		60			217
Inventories
Fuel and gas		233			309
Materials and supplies		210			200
Deferred income taxes		163			167
Derivative assets		265			209
Other		167			201
		2,733			2,877
Investments
Nuclear decommissioning trust funds		859			817
Other		477			598
		1,336			1,415
Property
Property, plant and equipment		20,924			20,588
Less accumulated depreciation, depletion and amortization		(8,270	)		(8,157	)
		12,654			12,431
Other Assets
Goodwill		2,024			2,024
Regulatory assets		4,099			4,110
Securitized regulatory assets		835			870
Intangible assets		54			54
Notes receivable		130			113
Derivative assets		150			116
Other		188			185
		7,480			7,472
Total Assets	$	24,203		$	24,195

DTE Energy Company
Consolidated Statements of Financial Position (Unaudited)

	March 31			December 31
(in Millions, Except Shares)	2010			2009
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$	637		$	723
Accrued interest		148			114
Dividends payable		88			88
Short-term borrowings		—			327
Gas inventory equalization		190			—
Current portion long-term debt, including capital leases		677			671
Derivative liabilities		239			220
Other		503			502
		2,482			2,645
Long-Term Debt (net of current portion)
Mortgage bonds, notes and other		6,242			6,237
Securitization bonds		717			793
Trust preferred-linked securities		289			289
Capital lease obligations		47			51
		7,295			7,370
Other Liabilities
Deferred income taxes		2,191			2,096
Regulatory liabilities		1,362			1,337
Asset retirement obligations		1,456			1,420
Unamortized investment tax credit		82			85
Derivative liabilities		184			198
Liabilities from transportation and storage contracts		92			96
Accrued pension liability		699			881
Accrued postretirement liability		1,338			1,287
Nuclear decommissioning		142			136
Other		285			328
		7,831			7,864
Equity
Common stock, without par value, 400,000,000 shares authorized, 168,409,616 and 165,400,045 shares issued and outstanding, respectively		3,388			3,257
Retained earnings		3,309			3,168
Accumulated other comprehensive loss		(146	)		(147	)
Total DTE Energy Company Equity		6,551			6,278
Noncontrolling interests		44			38
Total Equity		6,595			6,316
Total Liabilities and Equity	$	24,203		$	24,195

DTEEnergy Company

Consolidated Statements of Cash Flows (Unaudited)

	Three Months Ended
	March 31
(in Millions)	2010			2009
Operating Activities
Net income	$	230		$	179
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization		251			232
Deferred income taxes		36			66
Other asset (gains), losses and reserves, net		1			(3	)
Changes in assets and liabilities, exclusive of changes shown separately		299			365
Net cash from operating activities		817			839
Investing Activities
Plant and equipment expenditures — utility		(209	)		(303	)
Plant and equipment expenditures — non-utility		(30	)		(23	)
Proceeds from sale of other assets, net		13			30
Restricted cash for debt redemption		49			64
Proceeds from sale of nuclear decommissioning trust fund assets		59			113
Investment in nuclear decommissioning trust funds		(68	)		(113	)
Consolidation of equity method companies		19			—
Other investments		(4	)		(24	)
Net cash from (used) for investing activities		(171	)		(256	)
Financing Activities
Redemption of long-term debt		(90	)		(86	)
Short-term borrowings, net		(330	)		(414	)
Issuance of common stock		9			9
Dividends on common stock		(88	)		(86	)
Other		(6	)		(4	)
Net cash used for financing activities		(505	)		(581	)
Net Increase in Cash and Cash Equivalents		141			2
Cash and Cash Equivalents at Beginning of Period		52			86
Cash and Cash Equivalents at End of Period	$	193		$	88

The Detroit Edison Company

Consolidated Statements of Operations (Unaudited)

	Three Months Ended
	March 31
(in Millions)	2010			2009
Operating Revenues	$	1,146		$	1,118
Operating Expenses
Fuel and purchased power		343			340
Operation and maintenance		309			316
Depreciation and amortization		204			188
Taxes other than income		65			60
Asset (gains) losses and reserves, net		(1	)		—
		920			904
Operating Income		226			214
Other (Income) and Deductions
Interest expense		81			79
Other income		(8	)		(7	)
Other expenses		6			12
		79			84
Income Before Income Taxes		147			130
Income Tax Provision		56			52
Net Income	$	91		$	78

MICHIGAN CONSOLIDATED GAS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended
	March 31
(in Millions)	2010			2009
Operating Revenues	$	745		$	759
Operating Expenses
Cost of gas		458			503
Operation and maintenance		108			114
Depreciation and amortization		26			26
Taxes other than income		16			13
		608			656
Operating Income		137			103
Other (Income) and Deductions
Interest expense		17			16
Interest income		(2	)		(2	)
Other income		(2	)		(3	)
Other expenses		1			3
		14			14
Income Before Income Taxes		123			89
Income Tax Provision		44			26
Net Income	$	79		$	63

DTE Energy Debt/Equity Calculation
As of March 31, 2010
($ millions)

Short-term borrowings	$	—
Current portion of long-term debt, including capital leases		677
Mortgage bonds, notes and other		6,242
Securitization bonds, excluding current portion		717
Capital lease obligations		47
less MichCon short-term debt		—
less Securitization bonds, including current portion		(861	)
Total debt		6,822
Trust preferred-linked securities		289
Total preferred/ other		289
Equity		6,551
Total capitalization	$	13,662
Debt		49.9	%
Preferred		2.1	%
Common shareholders’ equity		48.0	%
Total		100.0	%

Sales Analysis — Q1 2010

Electric Sales — Detroit Edison Service Area (GWh)

	Q1 2010		Q1 2009		% Change
Residential		3,665		3,738		-2	%
Commercial		3,942		4,423		-11	%
Industrial		2,475		2,637		-6	%
Other		802		817		-2	%
		10,884		11,615		-6	%
Choice		1,103		317		248	%
TOTAL SALES		11,987		11,932		0	%

Electric Revenue — Detroit Edison Service Area ($000s)

	Q1 2010		Q1 2009		% Change
Residential		467,973		447,022		5	%
Commercial		385,170		410,028		-6	%
Industrial		160,679		197,049		-18	%
Other		45,757		48,915		-6	%
		1,059,579		1,103,014		-4	%
Choice		25,728		11,116		131	%
TOTAL REVENUES		1,085,307		1,114,130		-3	%

Gas Sales — MichCon Service Area (MMcf)

	Q1 2010		Q1 2009		% Change
Residential		43,157		50,191		-14	%
Commercial		12,075		16,427		-26	%
Industrial		216		595		-64	%
		55,448		67,213		-18	%
End User Transportation*		43,953		41,605		6	%
TOTAL SALES		99,401		108,818		-9	%

* Includes choice customers

Gas Revenue — MichCon Service Area ($000s)

	Q1 2010		Q1 2009		% Change
Residential		474,263		486,808		-3	%
Commercial		131,897		159,772		-17	%
Industrial		2,359		5,093		-54	%
		608,519		651,673		-7	%
End User Transportation*		76,993		52,356		47	%
TOTAL REVENUES		685,511		704,029		-3	%

* Includes choice customers

Weather

Cooling Degree Days
Detroit Edison service territory

	Q1 2010		Q1 2009		% Change
Actuals						N/A
Normal
Deviation from normal		N/A		N/A

Heating Degree Days
MichCon service territory

	Q1 2010			Q1 2009			% Change
Actuals		3,040			3,397			-11	%
Normal		3,309			3,306
Deviation from normal		-8	%		3	%

Earnings Impact of Weather

Variance from normal weather ($millions, after-tax)

	Q1 2010			Q1 2009
MichCon		(8	)		3	Milder weather reduced MichCon’s earnings by $8M Q1 2010