Safe Harbor Statement

2/19/2002


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Table of Contents

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Safe Harbor Statement

DTE Energy Investment Thesis

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Stable Utility Base

Michigan Regulatory Landscape

Attractive Cost Position

Minimal Fuel & Purchased Power Risk

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DTE Energy’s Approach to Non-Regulated Businesses

A Diversified and Growing Non-Regulated Portfolio

Integrated Non-regulated Portfolio: Energy Projects

Integrated Non-regulated Portfolio: Fuel Management & Energy Marketing

Our Vision of Energy Technology and Distributed Generation

Integrated Non-regulated Portfolio: Energy Technology

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Continued Commitment to a Strong Balance Sheet

Strong Cash Flows

Capital Investment Flexibility

Long-Term Earnings Growth

DTE Energy Investment Thesis

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Appendix

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Executives and Employees Ownership Interest

Author: Grant M. Jamieson