Capital Investment Flexibility
- Capital spending in 2002 is projected at $950 million, down slightly from 2001
- NOx spending of ~$200M in 2002 at Detroit Edison is expected to peak in 2002. Michigan law allows for future recovery of capital spending incurred as a result of federal and state governmental requirements
- A strong balance sheet coupled with discretionary non-regulated investments allows DTE to invest as opportunities arise
- If opportunities with suitable returns do not exist, the company may retire debt or buy back stock