Business Description

• Twelfth-largest investor-owned electric company in U.S.
• 1.6 million electric customers
• 7,200 megawatts of electric generating capacity
• 68,000 miles of transmission and distribution lines

1998 Operating Highlights

• Delivered 40 billion kilowatt-hours of electricity
• Added 23,000 new electric customers
• Achieved excellent plant availability of 86 percent at fossil plants, 81 percent at Palisades

1999 Outlook

• Begin implementing electric deregulation in accordance with Michigan Public Service Commission orders
• Achieve electric reliability of less than 150 outage minutes
• Increase generating plant availability to 87.4 percent