Business Context and Reporting Period
This Form 8-K Current Report is filed by DTE Energy Company and The Detroit Edison Company on February 22, 2011. The filing serves as a Regulation FD disclosure regarding investor meetings held in Los Angeles and San Francisco on February 22-23, 2011, attended by Executive Chairman Anthony F. Earley, Jr. and Vice President Peter B. Oleksiak.
Key Financial Metrics
The filing does not provide specific historical financial data such as revenue, profit, cash flow, margins, debt, or liquidity for the current or prior periods. The only quantitative financial metric disclosed is the forward-looking operating earnings guidance.
Material Changes
No material changes to historical financial results or operational status are reported in this document. The filing focuses exclusively on the reaffirmation of future earnings expectations.
Guidance, Outlook, and Risks
- 2011 Operating Earnings Guidance: DTE Energy reaffirmed its guidance for 2011 operating earnings per share at $3.40 to $3.70.
- Exclusions: The company notes that certain items impacting 2011 reported results will likely be excluded from operating results.
- Reconciliation: Reconciliations to comparable 2011 reported earnings guidance are not provided because the company states it is not possible to reliably forecast specific line items that may fluctuate significantly.
- Risks and Disclaimers: The report contains forward-looking statements subject to risks and uncertainties detailed in the 2010 Forms 10-K. The company expressly disclaims any intention to update these statements based on new information.
Investor Verification Checklist
- Verify the 2011 operating earnings per share guidance range of $3.40-$3.70 against the company's website and Exhibit 99.1.
- Review the 2010 Forms 10-K for DTE Energy and The Detroit Edison Company to understand the specific risks and assumptions underlying the forward-looking statements.
- Confirm the specific line items excluded from "operating results" versus "reported results" in future quarterly filings, as no reconciliation is currently provided.
- Monitor subsequent filings for updates on the significant fluctuations mentioned that could impact reported earnings.