The Challenges Continue in 2002
- 2001 was a challenging year for most of the players in the industry - and so far in 2002 - even the less “aggressive” players have faced earnings challenges linked to a soft economy combined with moderate summer and record mild winter temperatures
- Additionally, there is 25%-35% of excess generation capacity
- Over the next 12-24 months, new leaders will emerge and old leaders will disappear. This is really the first boom bust cycle in the post deregulation era
- DTE Energy is working diligently at building a portfolio of inter-linked, value-creating growth businesses, and it is on the way to becoming one of the new leaders in the industry