The ratings on DTE Energy Co. (DTE) 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 deemed satisfactory ('6') and the financial profile is intermediate. (Utility business profiles are categorized from '1' (strong) to '10' (vulnerable).) The firm's financial health has rebounded in recent years due to the realization of regulatory relief. Still, the firm depends highly on the outcome of regulatory proceedings to maintain credit quality. Detroit Edison, which provides about 60% of consolidated cash flow, continues to struggle with a rate structure that causes lucrative commercial and industrial customers to opt for alternative provider instead. Detroit Edison has
