Attractive Cost Position
- Over 1200 employees left the combined company through the early retirement option - this represents approximately 10% of pre-merger employment base
- Merger synergies are expected to increase to US$110-115M (pre-tax) in 2002, US$120-125 (pre-tax) in 2003. This represents ~ 6-7% of total Operation and Maintenance costs
- Concerted, company-wide effort to implement the DTE Operating System in order to drive out all non-value adding costs.