A mostly electric and gas regulated utility; Effective management of regulatory risk; and Improved financial measures. Relatively weak service territory with limited customer growth; and The energy trading business is a higher-risk operation with considerably less dependable cash flows. Standard&Poor's Ratings Services' ratings on DTE Energy Co. (DTE) reflect its consolidated credit profile, including its strong business risk profile and significant financial risk profile. DTE's subsidiaries are Detroit Edison Co. (DE) and Michigan Consolidated Gas Co. (MichCon) and its nonutility operations consist of gas midstream, unconventional gas production, power and industrial projects, and energy trading. Based on the combination of future earnings, cash flow, capital expenditures, and credit risk, we currently view DTE as about 75% utility and
