| Business Summary | | DTE
Energy
Company
is
a
holding
company
that
conducts
its
business
through
its
principal
operating
subsidiary,
Detroit
Edison,
and
other
subsidiaries
engaged
in
energy-related
businesses.
The
Company's
business
segments
include
its
electric
utility,
Detroit
Edison;
its
energy
trading
company;
and
energy
its
services
business,
which
develops
and
manages
energy-related
projects
and
services
primarily
concentrated
in
the
steel
industry.
Other
activities
include
businesses
involved
in
new
energy
technologies.
Detroit
Edison
represented
approximately
87%
and
74%
of
the
Company's
assets
and
revenues,
respectively,
at
December
31,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DTE
Energy
Company
is
an
exempt
holding
company
for
The
Detroit
Edison
Company,
a
public
utility
engaged
in
the
generation,
purchase,
transmission,
distribution
and
sale
of
electric
energy
in
southeastern
MI.
For
the
six
months
ended
6/30/01,
revenues
rose
39%
to
$3.63
billion.
Net
income
applicable
to
Comm.
before
acct.
change
fell
79%
to
$48
million.
Results
reflect
higher
non-regulated
revenues
due
to
an
increased
level
of
operations,
offset
by
increased
fuel
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Anthony Earley, Jr., 51 Chairman,
CEO, Pres, Chief Operating Officer | $2.1M | Larry Garberding, 62 Exec.
VP, CFO | 863K | Douglas Gipson, 53 Exec.
VP and Nuclear Officer | 541K | David Meador, 43 Sr.
VP, Treasurer | -- | Eric Peterson, 40 Sr.
VP, Gen. Counsel | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|