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Document Preview Earnings Conference Call |
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Click "Add to Cart" button to purchase document. |
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Title: |
Earnings Conference Call |
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Entities: |
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Date: |
2006 |
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Size: |
Preview shows 4KB of 25KB total |
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$41 |
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ID: |
#1565745 |
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Start of Preview |
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| Q1 2006 Earnings Conference Call April 27, 2006 |
Safe Harbor Statement
The information contained herein is as of the date of this presentation. DTE Energy expressly disclaims any current intention to
update any forward-looking statements contained in this document as a result of new information or future events or developments.
Words such as "anticipate," "believe," "expect," "projected" and "goals" signify forward-looking statements. Forward-looking
statements are not guarantees of future results and conditions but rather are subject to various assumptions, risks and uncertainties.
This presentation contains forward-looking statements about DTE Energy's financial results and estimates of future prospects, and
actual results may differ materially. Factors that may impact forward-looking statements include, but are not limited to: the higher
price of oil and its impact on the value of production tax credits, and the ability to utilize and/or sell interests in facilities producing
such credits; the uncertainties of successful exploration of gas shale resources and inability to estimate gas reserves with certainty;
the effects of weather and other natural phenomena on operations and sales to customers, and purchases from suppliers; economic
climate and population growth or decline in the geographic areas where we do business; environmental issues, laws and regulations,
and the cost of remediation and compliance; nuclear regulations and operations associated with nuclear facilities; implementation of
electric and gas Customer Choice programs; impact of electric and gas utility restructuring in Michigan, including legislative
amendments; employee relations and the impact of collective bargaining agreements; unplanned outages; access to capital markets
and capital market conditions and the results of other financing efforts which can be affected by credit agency ratings; the timing and
extent of changes in interest rates; the level of borrowings; changes in the cost and availability of coal and other raw materials,
purchased power and natural gas; effects of competition; impact of regulation by the FERC, MPSC, NRC and other applicable
governmental proceedings and regulations; contributions to earnings by non-utility subsidiaries; changes in federal, state and local
tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings and audits; the ability
to recover costs through rate increases; the availability, cost, coverage and terms of insurance; the cost of protecting assets against,
or damage due to terrorism; changes in accounting standards and financial reporting regulations; changes in federal or state laws
and their interpretation with respect to regulation, energy policy and other business issues; uncollectible accounts receivable;
litigation and related appeals and changes in the economic and financial viability of our suppliers, customers and trading
counterparties, and the continued ability of such parties to perform their obligations to the Company. This presentation should also
be read in conjunction with the "Forward-Looking Statements" section in each of DTE Energy's, MichCon's and Detroit Edison's 2005
Form 10-K (which sections are incorporated herein by reference), and in conjunction with other SEC reports filed by DTE Energy,
MichCon and Detroit Edison.
Cautionary Note - The Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose
only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and
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