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Dte Energy


Dte Energy is a publicly traded company having a good stock performance result. Dte Energy is a fortune 500 stock listed company trading under DTE.
 
DTE Energy was incorporated in 1995 and is headquartered in Detroit, Michigan. DTE Energy Co. is a diversified energy company involved in the development and management of energy-related businesses and services nationwide.DTE Energy Company, through its subsidiaries, provides electricity and natural gas sales and distribution services in southeastern Michigan. It operates through three segments: Energy Resources, Energy Distribution, and Energy Gas.
 
DTE Energy today reported 2005 earnings of 537 million dollars, or 3.05 dollars per diluted share, compared with 2004 reported earnings of 431 million dollars, or 2.49 dollars per diluted share. Earnings improved 25 percent over 2004, driven by operational and regulatory improvements at Detroit Edison and MichCon. Also boosting earnings were higher profits in DTE Energy's Power and Industrial segment. Operating earnings for 2005 were 577 million dollars, or 3.27 dollars per diluted share, compared with 2004 operating earnings of 445 million dollars, or 2.57 per dollars diluted share.
 
DTE Energy reported earnings of 382 million dollars, or 2.14 dollars per diluted share, up from 2004 reported earnings of 113 million dollars, or 0.65 dollars per diluted share. Operating earnings for the fourth quarter 2005 were 378 million dollars, or 2.12 dollars per diluted share, up from 2004 operating earnings of 151 million dollars, or 0.86 dollars per diluted share.
 
DTE Energy is a growing and diversified energy company with 2005 revenues in excess of 9 billion dollars and approximately 23 billion dollars in assets. Since 2003, their asset base has increased by 12 percent and operating revenues have grown by 29 percent. They are the parent company of Detroit Edison and MichCon, regulated electric and gas utilities engaged primarily in the business of providing electricity and natural gas sales and distribution services throughout southeastern Michigan.
 
The Company’s ultimate goal is to provide superior service to their customers and premium returns to their shareholders.

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