Retention of generation assets supports supply needs; Favorable gas supply and storage position; and Expectations for recovery of costs under an improved regulatory environment. Weak electric utility service territory exacerbated by weak economic environment; Uncertainty of the timing of recovery could further erode its credit metrics; and Challenges of maintaining regulatory relationships in a period of rate reviews. The ratings on DTE Energy reflect its consolidated credit quality, which includes its regulated electric utility, Detroit Edison Co., regulated gas utility, Michigan Consolidated Gas Co. (MichCon), and other affiliates. DTE's business profile is now deemed strong, reflecting the very weak economic environment in Michigan; the financial profile is aggressive, but the firm's financial health has rebounded in recent years due to
