DTE Electric 8-K Results of Operations and Financial Condition

EXHIBIT 99.2

Full Year 2007 Supplemental Financial Information Feb. 21, 2007

DTE Energy Company
Consolidated Statements of Financial Position (unaudited)

	December			December
	31			31
(in Millions)	2007			2006
ASSETS
Current Assets
Cash and cash equivalents	$	123		$	147
Restricted cash		140			146
Accounts receivable (less allowance for doubtful accounts of $182 and $170, respectively)
Customer		1,621			1,427
Collateral held by others		56			68
Other		448			442
Accrued power and gas supply cost recovery revenue		76			117
Inventories
Fuel and gas		429			562
Materials and supplies		204			153
Deferred income taxes		535			245
Assets from risk management and trading activities		195			461
Other		196			193
Current assets held for sale		83			—
		4,106			3,961
Investments
Nuclear decommissioning trust funds		824			740
Other		446			505
		1,270			1,245
Property
Property, plant and equipment		18,809			19,224
Less accumulated depreciation and depletion		(7,342	)		(7,773	)
		11,467			11,451
Other Assets
Goodwill		2,037			2,057
Regulatory assets		2,786			3,226
Securitized regulatory assets		1,124			1,235
Intangible assets		25			72
Notes receivable		87			164
Assets from risk management and trading activities		207			164
Prepaid pension assets		152			71
Other		118			139
Noncurrent assets held for sale		545			—
		7,081			7,128
Total Assets	$	23,924		$	23,785

The Consolidated Statements of Financial Position (Unaudited) should be read in conjunction with the
Notes to Consolidated Financial Statements appearing in the Forms 10-K and 10-Q.

2

DTE Energy Company
Consolidated Statements of Financial Position (unaudited)

	December			December
	31			31
(in Millions, Except Shares)	2007			2006
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	1,161		$	1,145
Accrued interest		112			115
Dividends payable		87			94
Short-term borrowings		1,084			1,131
Current portion of long-term debt, including capital leases		454			354
Liabilities from risk management and trading activities		282			437
Deferred gains and reserves		400			208
Other		566			680
Current liabilities associated with assets held for sale		48			—
		4,194			4,164
Long-Term Debt (net of current portion)
Mortgage bonds, notes and other		5,576			5,918
Securitization bonds		1,065			1,185
Trust preferred-linked securities		289			289
Capital lease obligations		41			82
		6,971			7,474
Other Liabilities
Deferred income taxes		1,972			1,465
Regulatory liabilities		1,227			765
Asset retirement obligations		1,277			1,221
Unamortized investment tax credit		108			120
Liabilities from risk management and trading activities		452			259
Liabilities from transportation and storage contracts		126			157
Accrued pension liability		68			388
Accrued postretirement liability		1,094			1,414
Deferred gains from asset sales		15			36
Nuclear decommissioning		134			119
Other		303			312
Noncurrent liabilities associated with assets held for sale		82			—
		6,858			6,256
Commitments and Contingencies
Minority Interest		48			42
Shareholders’ Equity
Common stock, without par value, 400,000,000 shares authorized, 162,232,095 and 177,138,060 shares issued and outstanding, respectively		3,176			3,467
Retained earnings		2,790			2,593
Accumulated other comprehensive loss		(113	)		(211	)
		5,853			5,849
Total Liabilities and Shareholders’ Equity	$	23,924		$	23,785

The Consolidated Statements of Financial Position (Unaudited) should be read in conjunction with the
Notes to Consolidated Financial Statements appearing in the Forms 10-K and 10-Q.

3

DTE Energy Company
Consolidated Statements of Cash Flows (Unaudited)

	Year Ended
	December 31
(in Millions)	2007			2006
Operating Activities
Net Income	$	971		$	433
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization		926			1,014
Deferred income taxes		144			28
Gain on sale of non-utility business		(900	)		—
Other asset (gains), losses and reserves, net		(9	)		(11	)
Gain on sale of interests in synfuel projects		(248	)		(38	)
Impairment of synfuel projects		4			77
Partners’ share of synfuel project losses		(188	)		(251	)
Contributions from synfuel partners		229			197
Cumulative effect of accounting change		—			(1	)
Changes in assets and liabilities, exclusive of changes shown separately		196			8
Net cash from operating activities		1,125			1,456
Investing Activities
Plant and equipment expenditures — utility		(1,035	)		(1,126	)
Plant and equipment expenditures — non-utility		(264	)		(277	)
Acquisitions, net of cash acquired		—			(42	)
Proceeds from sale of interests in synfuel projects		447			246
Refunds to synfuel partners		(115	)		—
Proceeds from sale of non-utility business		1,262			—
Proceeds from sale of other assets, net		85			67
Restricted cash for debt redemptions		6			(21	)
Proceeds from sale of nuclear decommissioning trust fund assets		286			253
Investment in nuclear decommissioning trust funds		(323	)		(284	)
Other investments		(19	)		(10	)
Net cash from (used for) investing activities		330			(1,194	)
Financing Activities
Issuance of long-term debt		50			612
Redemption of long-term debt		(393	)		(687	)
Short-term borrowings, net		(47	)		291
Issuance of common stock		—			17
Repurchase of common stock		(708	)		(61	)
Dividends on common stock		(364	)		(365	)
Other		(6	)		(10	)
Net cash used for financing activities		(1,468	)		(203	)
Net Increase (Decrease) in Cash and Cash Equivalents		(13	)		59
Cash and Cash Equivalents Reclassified to Assets Held for Sale		(11	)		—
Cash and Cash Equivalents at Beginning of the Period		147			88
Cash and Cash Equivalents at End of the Period	$	123		$	147

The Consolidated Statements of Cash Flows (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in Forms 10-K and 10-Q.

4

The Detroit Edison Company
Consolidated Statements of Operations (unaudited)

	Year Ended
	December 31
(in Millions)	2007			2006
Operating Revenues	$	4,900		$	4,737
Operating Expenses
Fuel and purchased power		1,686			1,566
Operation and maintenance		1,422			1,337
Depreciation and amortization		764			812
Taxes other than income		277			252
Asset (gains) and reserves, net		8			(6	)
		4,157			3,961
Operating Income		743			776
Other (Income) and Deductions
Interest expense		294			278
Interest income		(7	)		(4	)
Other income		(40	)		(35	)
Other expenses		30			55
		277			294
Income Before Income Taxes		466			482
Income Tax Provision		149			162
Income Before Accounting Change		317			320
Cumulative Effect of Accounting Change		—			1
Reported Earnings		317			321
Adjustments
Detroit Thermal reserve		17			—
Regulatory asset surcharge		6			—
Stranded cost and PSCR disallowance		—			38
Cumulative effect of accounting change		—			(1	)
		23			37
Operating Earnings	$	340		$	358

The Consolidated Statement of Operations (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements appearing in Forms 10-K and 10-Q.

5

MICHIGAN CONSOLIDATED GAS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Year Ended
	December 31
(in Millions)	2007			2006
Operating Revenues	$	1,842		$	1,811
Operating Expenses
Cost of gas		1,139			1,127
Operation and maintenance		422			421
Depreciation and amortization		93			95
Taxes other than income		55			53
Asset (gains) and losses, net		(3	)		—
		1,706			1,696
Operating Income		136			115
Other (Income) and Deductions
Interest expense		60			67
Interest income		(10	)		(12	)
Other income		(12	)		(8	)
Other expenses		4			4
		42			51
Income Before Income Taxes		94			64
Income Tax Provision		23			12
Reported Earnings		71			52
Adjustments
Performance Excellence Process		6			16
December 2007 GCR disallowance		6			—
		12			16
Operating Earnings	$	83		$	68

6

DTE Energy Debt/Equity Calculation
As of December 31, 2007
($ millions)

Short-term borrowings	$	1,084
Current portion of long-term debt, including capital leases		454
Mortgage bonds, notes and other		5,576
Securitization bonds		1,065
Capital lease obligations		41
less MichCon short-term debt		(455	)
less Securitization bonds, including current portion		(1,185	)
Total debt		6,580
Trust preferred-linked securities		289
Total preferred/ other		289
Equity		5,853
Total capitalization	$	12,722
Debt		51.7	%
Preferred		2.3	%
Common shareholders’ equity		46.0	%
Total		100.0	%

7

Sales Analysis – 2007

Electric Sales — Detroit Edison Service Area (GWh)

	2007		2006		% Change
Residential		16,147		15,769		2	%
Commercial		19,332		17,948		8	%
Industrial		13,338		13,235		1	%
Other		3,300		3,228		2	%
		52,117		50,180		4	%
Choice*		2,239		3,603		-38	%
TOTAL SALES		54,356		53,783		1	%

* Includes Dearborn Industrial Group sales

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

	2007		2006		% Change
Residential		1,739,309		1,670,697		4	%
Commercial		1,722,637		1,602,777		7	%
Industrial		853,446		835,296		2	%
Other		181,612		165,679		10	%
		4,497,004		4,274,449		5	%
Choice*		45,766		83,813		-45	%
TOTAL REVENUES		4,542,770		4,358,262		4	%

* Distribution charge, includes Dearborn Industrial Group revenues

Gas Sales — MichCon Service Area (Mcf)

	2007		2006		% Change
Residential		111,500,802		102,759,921		9	%
Commercial		32,314,757		31,278,460		3	%
Industrial		1,368,896		1,217,010		12	%
		145,184,455		135,255,391		7	%
End User Transportation*		131,793,468		135,850,307		-3	%
TOTAL SALES		276,977,923		271,105,698		2	%

* Includes choice customers

Gas Revenue — MichCon Service Area ($000s)

	2007		2006		% Change
Residential		1,127,063		1,212,498		-7	%
Commercial		321,452		366,381		-12	%
Industrial		13,127		13,493		-3	%
		1,461,642		1,592,372		-8	%
End User Transportation*		139,742		134,929		4	%
TOTAL REVENUES		1,601,384		1,727,301		-7	%

* Includes choice customers

Weather

Cooling Degree Days
Detroit Edison service territory

	2007			2006			% Change
Actuals		944			836			13	%
Normal		736			736
Deviation from normal		28	%		14	%

Heating Degree Days
MichCon service territory

	2007			2006			% Change
Actuals		6,257			5,779			8	%
Normal		6,667			6,671
Deviation from normal		-6	%		-13	%

8

Sales Analysis — Q4 2007

Electric Sales — Detroit Edison Service Area (GWh)

	Q4 2007		Q4 2006		% Change
Residential		3,806		3,536		8	%
Commercial		4,986		4,508		11	%
Industrial		3,364		3,176		6	%
Other		839		841		0	%
		12,995		12,061		8	%
Choice*		629		722		-13	%
TOTAL SALES		13,624		12,783		7	%

* Includes Dearborn Industrial Group sales

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

	Q4 2007		Q4 2006		% Change
Residential		410,328		375,094		9	%
Commercial		446,154		402,351		11	%
Industrial		205,487		202,239		2	%
Other		50,295		40,499		24	%
		1,112,264		1,020,183		9	%
Choice*		12,149		15,419		-21	%
TOTAL REVENUES		1,124,413		1,035,602		9	%

* Distribution charge, includes Dearborn Industrial Group revenues

Gas Sales — MichCon Service Area (Mcf)

	Q4 2007		Q4 2006		% Change
Residential		33,891,991		33,418,677		1	%
Commercial		9,838,467		8,974,517		10	%
Industrial		359,755		284,327		27	%
		44,090,213		42,677,521		3	%
End User Transportation*		34,000,028		37,243,007		-9	%
TOTAL SALES		78,090,241		79,920,528		-2	%

* Includes choice customers

     Gas Revenue — MichCon Service Area ($000s)

	Q4 2007		Q4 2006		% Change
Residential		331,421		333,234		-1	%
Commercial		95,147		88,981		7	%
Industrial		3,366		2,712		24	%
		429,934		424,927		1	%
End User Transportation*		38,205		38,963		-2	%
TOTAL REVENUES		468,139		463,890		1	%

* Includes choice customers

Weather

Cooling Degree Days
Detroit Edison service territory

	Q4 2007			Q4 2006			% Change
Actuals		54			3			1700	%
Normal		6			6
Deviation from normal		800	%		-50	%

Heating Degree Days
MichCon service territory

	Q4 2007			Q4 2006			% Change
Actuals		2,149			2,097			2	%
Normal		2,355			2,353
Deviation from normal		-9	%		-11	%

9