BULLETIN: DTE Energy Unit's Potential Rate Decrease Does Not Immediately Affect Rating - S&P Global Ratings’ Credit Research

BULLETIN: DTE Energy Unit's Potential Rate Decrease Does Not Immediately Affect Rating

BULLETIN: DTE Energy Unit's Potential Rate Decrease Does Not Immediately Affect Rating - S&P Global Ratings’ Credit Research
BULLETIN: DTE Energy Unit's Potential Rate Decrease Does Not Immediately Affect Rating
Published Mar 24, 2006
356 words — Published Mar 24, 2006
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Abstract:

NEW YORK (Standard&Poor's) March 24, 2006--Standard&Poor's Ratings Services said today that the announcement regarding a potential rate cut for Detroit Edison Co. (BBB/Stable/A-2) does not affect the ratings on parent DTE Energy Co. (BBB/Stable/A-2) and its subsidiaries at this time. The Michigan Public Service Commission, which granted a $330 million rate increase in November 2004, is now considering a rate decrease due to a number of significant events that may cause Detroit Edison to earn more than expected. In our opinion, a rate decrease could erode the company's financial profile to a level not consistent with current ratings. Furthermore, a driving factor for DTE's stable outlook is advancing a constructive regulatory agenda.

  
Brief Excerpt:

RESEARCH BULLETIN: DTE Energy Unit's Potential Rate Decrease Does Not Immediately Affect Rating Publication date: 24-Mar-2006 NEW YORK (Standard & Poor's) March 24, 2006--Standard & Poor's Ratings Services said today that the announcement...

  
Report Type:

Bulletin

Ticker
DTE
Issuer
DTE Energy Co.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers , Public Finance
Country
United States
Region
United States
Format:
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Summary: DTE Energy Co. – 2006/03/27 – US$ 225.00

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Summary: DTE Energy Co. – 2005/07/21 – US$ 225.00

Summary: DTE Energy Co. – 2005/06/29 – US$ 225.00

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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: DTE Energy Unit's Potential Rate Decrease Does Not Immediately Affect Rating" Mar 24, 2006. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-DTE-Energy-Unit-s-Potential-Rate-Decrease-Does-Not-Immediately-Affect-Rating-499701>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: DTE Energy Unit's Potential Rate Decrease Does Not Immediately Affect Rating Mar 24, 2006. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-DTE-Energy-Unit-s-Potential-Rate-Decrease-Does-Not-Immediately-Affect-Rating-499701>
  
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