Fuelling the Future

5/16/2002


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Table of Contents

Fuelling the Future

2001 Was a Challenging Year for the Industry Total Return to Shareholders, end of 2000 = 1.00

The Challenges Continue in 2002

DTE Energy’s Portfolio of Businesses

Detailed Overview of DTE’s Inter-Linked Energy Business Portfolio

DTE Energy’s Regions of Focus

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Perspectives on “Fuelling the Future”

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Implications of Regulatory Changes Regarding Coal-Fired Generation

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What are Prospects for New Coal Capacity?

Can Existing Coal-Fired Generation Survive, or Will it be Displaced by Gas?

Federal Environmental Policy Direction

The Current Generation Supply/Demand Imblance

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Finally, the Ultimate Question for Coal = CO2