The ratings on DTE Energy Co. 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 excellent and the financial profile is aggressive. The firm's financial health has rebounded in recent years due to the realization of regulatory relief. Still, the firm highly depends on the outcome of regulatory proceedings to maintain credit quality. DTE's business risk profile score reflects the substantial amount of asset sales recently completed and currently contemplated by DTE and the improvement in its regulatory environment. DTE's core utility and other regulated operations will now provide more than 85% of its cash flows, lowering its business
