DTE Electric 8-K DTE Energy reports first quarter 2006 earnings up 11 percent; maintains 2006 earnings guidance

Exhibit 99.2

Q1 2006 Supplemental Financial Information April 26, 2006

DTE Energy Company
Consolidated Statement of Financial Position

	(Unaudited)
	March 31			December 31
	2006			2005
(in Millions)
ASSETS
Current Assets
Cash and cash equivalents	$	75		$	88
Restricted cash		99			122
Accounts receivable
Customer (less allowance for doubtful accounts of $159 and $136, respectively)		1,284			1,288
Accrued unbilled revenues		297			458
Collateral held by others		29			286
Other		570			549
Inventories
Fuel and gas		318			522
Materials and supplies		139			146
Deferred income taxes		203			257
Assets from risk management and trading activities		573			806
Other		193			160
		3,780			4,682
Investments
Nuclear decommissioning trust funds		678			646
Other		543			530
		1,221			1,176
Property
Property, plant and equipment		18,762			18,660
Less accumulated depreciation and depletion		(7,845	)		(7,830	)
		10,917			10,830
Other Assets
Goodwill		2,057			2,057
Regulatory assets		2,037			2,074
Securitized regulatory assets		1,314			1,340
Notes receivable		360			409
Assets from risk management and trading activities		253			316
Prepaid pension assets		186			186
Other		252			265
		6,459			6,647
Total Assets	$	22,377		$	23,335

DTE Energy Company
Consolidated Statement of Financial Position

	(Unaudited)
	March 31			December 31
	2006			2005
(in Millions, Except Shares)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	1,090		$	1,187
Accrued interest		121			115
Dividends payable		92			92
Accrued payroll		39			34
Short-term borrowings		647			943
Gas inventory equalization		158			—
Current portion of long-term debt, including capital leases		693			691
Liabilities from risk management and trading activities		569			1,089
Other		774			769
		4,183			4,920
Other Liabilities
Deferred income taxes		1,444			1,396
Regulatory liabilities		728			715
Asset retirement obligations		1,111			1,091
Unamortized investment tax credit		128			131
Liabilities from risk management and trading activities		330			527
Liabilities from transportation and storage contracts		307			317
Accrued pension liability		305			284
Deferred gains from asset sales		173			188
Minority interest		17			92
Nuclear decommissioning		90			85
Other		699			740
		5,332			5,566
Long-Term Debt (net of current portion)
Mortgage bonds, notes and other		5,218			5,234
Securitization bonds		1,238			1,295
Equity-linked securities		175			175
Trust preferred-linked securities		289			289
Capital lease obligations		84			87
		7,004			7,080
Commitments and Contingencies
Shareholders’ Equity
Common stock, without par value, 400,000,000 shares authorized, 177,769,890 and 174,814,429 shares issued and outstanding, respectively		3,466			3,483
Retained earnings		2,602			2,557
Accumulated other comprehensive loss		(210	)		(271	)
		5,858			5,769
Total Liabilities and Shareholders’ Equity	$	22,377		$	23,335

DTE Energy Company
Consolidated Statement of Cash Flows (Unaudited)

	Three Months Ended
	March 31
	2006			2005
(in Millions)
Operating Activities
Net Income	$	136		$	122
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization		225			208
Deferred income taxes		64			51
Gain on sale of interests in synfuel projects		(22	)		(82	)
Gain on sale of assets, net		—			4
Partners’ share of synfuel project losses		(71	)		(71	)
Contributions from synfuel partners		70			47
Changes in assets and liabilities, exclusive of changes shown separately		211			134
Net cash from operating activities		613			413
Investing Activities
Plant and equipment expenditures — utility		(264	)		(172	)
Plant and equipment expenditures — non-utility		(71	)		(26	)
Acquisitions, net of cash acquired		(23	)		—
Proceeds from sale of interests in synfuel projects		72			63
Proceeds from sale of other assets		29			2
Restricted cash for debt redemptions		23			52
Proceeds from sale of nuclear decommissioning trust fund assets		37			63
Investment in nuclear decommissioning trust funds		(47	)		(73	)
Other investments		(16	)		(21	)
Net cash used for investing activities		(260	)		(112	)
Financing Activities
Issuance of long-term debt		—			395
Redemption of long-term debt		(70	)		(628	)
Short-term borrowings, net		(193	)		36
Repurchase of common stock		(8	)		(9	)
Dividends on common stock		(91	)		(90	)
Other		(4	)		(1	)
Net cash used for financing activities		(366	)		(297	)
Net Increase in Cash and Cash Equivalents		(13	)		4
Cash and Cash Equivalents at Beginning of the Period		88			56
Cash and Cash Equivalents at End of the Period	$	75		$	60

The Detroit Edison Company
Consolidated Statement of Operations (unaudited)

	Three Months Ended
	March 31
	2006			2005
(in Millions)
Operating Revenues	$	1,050		$	990
Operating Expenses
Fuel and purchased power		309			301
Operation and maintenance		345			321
Depreciation and amortization		167			150
Taxes other than income		69			69
		890			841
Operating Income		160			149
Other (Income) and Deductions
Interest expense		72			64
Interest income		—			(1	)
Other income		(7	)		(12	)
Other expenses		10			18
		75			69
Income Before Income Taxes		85			80
Income Tax Provision		27			25
Income Before Accounting Change		58			55
Cumulative Effect of Accounting Change		1			—
Reported Earnings		59			55
Adjustments
Incremental non-recurring DTE2 project costs		—			2
Performance Excellence Process		8			—
Operating Earnings	$	67		$	57

The Consolidated Statement of Operations (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in the Annual Report to Shareholders, Form 10K and 10Q.

Michigan Consolidated Gas Company
Consolidated Statement of Operations (Unaudited)

	Three Months Ended March 31
	2006			2005
(in Millions)
Operating Revenues	$	863		$	834
Operating Expenses
Cost of gas		624			627
Operation and maintenance		119			119
Depreciation, depletion and amortization		23			26
Taxes other than income		15			13
Asset (gains) and losses, net		—			48
		781			833
Operating Income (Loss)		82			1
Other (Income) and Deductions
Interest expense		17			15
Interest income		(2	)		(2	)
Other income		(2	)		—
Other expenses		1
		14			13
Income (Loss) Before Income Taxes		68			(12	)
Income Tax Provision (Benefit)		18			1
Reported Earnings		50			(13	)
Adjustments
Effective tax rate normalization		(4	)		8
Performance Excellence Process		2			—
April 2005 MPSC gas orders		—			53
Incremental non-recurring DTE2 project costs		—			1
Operating Earnings	$	48		$	49

The Consolidated Statement of Operations (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in the Annual Report to Shareholders, Form 10K and 10Q.

DTE Energy Debt/Equity Calculation
As of March 31, 2006
($ millions)

Short-term borrowings	647
Current portion long-term debt, including capital leases	693
Mortgage bonds, notes and other	5,218
Securitization bonds	1,238
Capital lease obligations	84
Equity-linked securities	175
less MichCon short-term debt	(186	)
less Securitization bonds, including current portion	(1,345	)
Total debt	6,524
Trust preferred-linked securities	289
Total preferred/ other	289
Equity	5,858
Total capitalization	12,671
Debt	51.5	%
Preferred	2.3	%
Common shareholders’ equity	46.2	%
Total	100.0	%

Sales Analysis — Q1 2006

Electric Sales — Detroit Edison Service Area (GWh)

	Q1 2006		Q1 2005		% Change
Residential		3,836		4,051		-5	%
Commercial		4,008		3,365		19	%
Industrial		3,154		2,896		9	%
Other		782		666		17	%
		11,780		10,978		7	%
Interconnection		414		1,719		-76	%
Choice*		1,363		1,914		-29	%
TOTAL SALES		13,557		14,611		-7	%

* Includes Dearborn Industrial Group sales

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

	Q1 2006		Q1 2005		% Change
Residential		385,971		361,539		7	%
Commercial		344,029		286,344		20	%
Industrial		185,072		154,662		20	%
Other		37,902		30,118		26	%
		952,974		832,663		14	%
Interconnection		16,212		79,273		-80	%
Choice*		30,072		37,269		-19	%
TOTAL REVENUES		999,258		949,205		5	%

* Distribution charge, includes Dearborn Industrial Group revenues

Gas Sales — MichCon Service Area (Mcf)

	Q1 2006		Q1 2005		% Change
Residential		48,165,971		61,048,508		-21	%
Commercial		16,385,031		20,370,715		-20	%
Industrial		541,165		542,713		0	%
		65,092,167		81,961,936		-21	%
End User
Transportation*		43,453,449		49,593,455		-12	%
TOTAL SALES		108,545,616		131,555,391		-17	%

* Includes choice customers

Gas Revenue — MichCon Service Area ($000s)

	Q1 2006		Q1 2005		% Change
Residential		607,843		538,990		13	%
Commercial		206,061		182,707		13	%
Industrial		6,675		4,820		38	%
		820,579		726,517		13	%
End User
Transportation*		44,980		45,422		-1	%
TOTAL REVENUES		865,559		771,939		12	%

* Includes choice customers

Weather

Cooling Degree Days

Detroit Edison service territory

	Q1 2006		Q1 2005		% Change
Actuals		0		0		n/m
Normal		0		0
Deviation from normal		n/m		n/m

Heating Degree Days

MichCon service territory

	Q1 2006			Q1 2005			% Change
Actuals		2,851			3,388			-16	%
Normal		3,288			3,283
Deviation from normal		-13	%		3	%