DTE Energy Investment Thesis
Strong and stable utilities
- Natural gas commodity prices passed through to customers
- Purchased power costs recovered at June 2000 levels through 2003
Diverse, lower-risk non-regulated business portfolio
- Not dependant on new generation (no turbines on order)
- Continued focus on core competencies such as coal transportation and on-site energy projects
- Investments in energy technologies
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Solid financial position with a strong balance sheet
Reasonable and achievable long-term growth projections of 6-8%
Attractive dividend yield of ~5%