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 flow, and capital expenditures, we currently view DTE as about 75% utility and 25% non-utility. The strong business risk profile reflects the company's reduced regulatory risk that's offset by the continuing deterioration of the Detroit area economy, and DTE's mix
