Management's proactive efforts to decrease its regulatory risk; Improved financial measures; and Implementation of regulatory mechanisms that helps reduce the regulatory lag. Economic deterioration of its regulated service territory; and Increased risk exposure due to some of the non-utility activities. The ratings on DTE Energy Co. reflect its consolidated credit profile. The ratings also reflect DTE's 'strong' business risk profile and 'significant' financial risk profile. DTE's subsidiaries include the utility businesses of Detroit Edison Co. and Michigan Consolidated Gas Co. (MichCon) and the non-utility businesses of gas midstream, unconventional gas production, power and industrial projects, and energy trading. As of Sept. 30, 2009, DTE had about $8.2 billion of total debt outstanding. Based on the combination of future earnings, cash
