##### Table of Contents



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
 FORM 10-Q
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 For the Quarterly Period ended September 30, 2005
 Commission file number 1-2198
 The registrant meets the conditions set forth in General Instruction H (1) (a) and (b) of Form 10-Q and is, therefore,
filing this Form with the reduced disclosure format.
 THE DETROIT EDISON COMPANY
  Michigan
(State or other jurisdiction of
incorporation or organization)
    
    38-0478650
(I.R.S. Employer
Identification No.)2000 2nd Avenue, Detroit, Michigan
(Address of principal executive offices)
    
    48226-1279
(Zip Code)
 313-235-4000
   Yes þ No o
  Yes o No þ
  Yes o No þ




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The Detroit Edison Company
 Quarterly Report on Form 10-Q  Quarter Ended September 30, 2005
 Table of Contents
 PageDefinitions
    
    
    1Forward-Looking Statements
    
    
    2Part I  Financial InformationItem 1. Financial StatementsConsolidated Statement of Operations
    
    
    9Consolidated Statement of Financial Position
    
    
    10Consolidated Statement of Cash Flows
    
    
    12Consolidated Statement of Changes in Shareholders Equity
and Comprehensive Income
    
    
    13Notes to Consolidated Financial Statements
    
    
    14Report of Independent Registered Public Accounting Firm
    
    
    22Item 2. Managements Narrative Analysis of Results of Operations
    
    
    3Item 4. Controls and Procedures
    
    
    8Part II  Other InformationItem 1. Legal Proceedings
    
    
    23Item 5. Other Information
    
    
    23Item 6. Exhibits
    
    
    24Signature
    
    
    26Nineteenth Supplemental IndentureSupplemental IndentureAwareness Letter of Deloitte & Touche LLPSection 302 Certification of Chief Executive OfficerSection 302 Certification of Chief Financial OfficerSection 906 Certification of Chief Executive OfficerSection 906 Certification of Chief Financial Officer




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Definitions
 Customer Choice
    
    Statewide initiatives giving customers in Michigan
the option to choose alternative suppliers for
electricity.Detroit Edison
    
    The Detroit Edison Company (a direct wholly owned
subsidiary of DTE Energy Company) and subsidiary
companiesDTE Energy
    
    DTE Energy Company, the parent of Detroit Edison and directly or
indirectly the parent company of numerous non-utility subsidiariesEPA
    
    United States Environmental Protection AgencyFERC
    
    Federal Energy Regulatory CommissionITC
    
    International Transmission Company (until February 28, 2003, a
wholly owned subsidiary of DTE Energy Company)MPSC
    
    Michigan Public Service CommissionNRC
    
    Nuclear Regulatory CommissionPSCR
    
    A power supply cost recovery mechanism authorized by the MPSC that allows Detroit Edison to
recover through rates its fuel, fuel-related and purchased power expenses. The clause was
suspended under Michigans restructuring legislation (signed into law June 5, 2000), which
lowered and froze electric customer rates. The clause was reinstated by the MPSC effective
January 1, 2004.Securitization
    
    Detroit Edison financed specific stranded costs at lower interest rates
through the sale of rate reduction bonds by a wholly owned special
purpose entity, the Detroit Edison Securitization Funding LLC.SFAS
    
    Statement of Financial Accounting StandardsStranded costs
    
    Costs incurred by utilities in order to serve customers in a regulated environment
that absent special regulatory approval would not otherwise expect to be recoverable if
customers switch to alternative energy suppliers.Units of MeasurementgWh
    
    Gigawatthour of electricitykWh
    
    Kilowatthour of electricityMW
    
    Megawatt of electricityMWh
    
    Megawatthour of electricity
 1




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Forward-Looking Statements
  
    
    the effects of weather and other natural phenomena on operations and sales to customers, and purchases from suppliers;
 
    
    economic climate and population growth or decline in the geographic areas where we do business;
 
    
    environmental issues, laws and regulations, and the cost of remediation and compliance associated therewith;
 
    
    nuclear regulations and operations associated with nuclear facilities;
 
    
    implementation of the electric Customer Choice program;
 
    
    impact of electric utility restructuring in Michigan, including legislative amendments;
 
    
    employee relations and the impact of collective bargaining agreements;
 
    
    unplanned outages;
 
    
    access to capital markets and capital market conditions and the results of other financing efforts which can be
affected by credit agency ratings;
 
    
    the timing and extent of changes in interest rates;
 
    
    the level of borrowing;
 
    
    changes in the cost and availability of coal and other raw materials, and purchased power;
 
    
    effects of competition;
 
    
    impact of regulation by FERC, MPSC, NRC and other applicable governmental proceedings and regulations;
 
    
    changes in federal, state and local tax laws or their interpretations, including the Internal Revenue Code,
regulations, rulings, court proceedings and audits;
 
    
    the ability to recover costs through rate increases;
 
    
    the availability, cost, coverage and terms of insurance;
 
    
    the cost of protecting assets against, or damage due to, terrorism;
 
    
    changes in accounting standards and financial reporting regulations;
 
    
    changes in federal or state laws or their interpretation with respect to regulation, energy policy and other business
issues;
 
    
    uncollectible accounts receivable; and
 
    
    changes in the economic and financial viability of our suppliers, customers and trading counterparties, and the
continued ability of such parties to perform their obligations to Detroit Edison.
  2




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The Detroit Edison Company
 
 Managements Narrative Analysis of Results of Operations
  Factors impacting income:
 Increase (Decrease) in Income Statement Components Compared to Prior Year
 Three
    
    
    Nine(in Millions)
    
    Months
    
    
    MonthsOperating Revenues
    
    $
    451
    
    
    $
    755Fuel and Purchased Power
    
    
    366
    
    
    
    594Gross Margin
    
    
    85
    
    
    
    161Operation and Maintenance
    
    
    (36
    )
    
    
    (88
    )Depreciation and Amortization
    
    
    46
    
    
    
    120Taxes Other Than Income
    
    
    6
    
    
    
    8Gains on sale of assets
    
    
    (26
    )
    
    
    (25
    )Operating Income
    
    
    95
    
    
    
    146Other (Income) and Deductions
    
    
    (5
    )
    
    
    (19
    )Income Tax Provision
    
    
    48
    
    
    
    67Net Income
    
    $
    52
    
    
    $
    98
 Gross margins
 Increase (Decrease) in Gross Margin Components
Compared to Prior Year
 Three
    
    
    Nine(in Millions)
    
    Months
    
    
    MonthsWeather related margin improvements
    
    $
    109
    
    
    $
    159MPSC 2004 rate orders
    
    
    27
    
    
    
    122Unrecovered power supply costs  residential customers
    
    
    (63
    )
    
    
    (75
    )Transmission charges (1)
    
    
    (36
    )
    
    
    (81
    )Return of customers from electric Customer Choice
    
    
    25
    
    
    
    45Service territory economic performance
    
    
    24
    
    
    
    (9
    )Other, net
    
    
    (1
    )
    
    
    Increase in gross margin performance
    
    $
    85
    
    
    $
    161
 
 (1)
    
    Transmission expenses were recorded in operation and maintenance expense in 2004. 3




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Three Months Ended
    
    
    Nine Months EndedSeptember 30
    
    
    September 302005
    
    
    2004
    
    
    2005
    
    
    2004Power Generated and Purchased(in Thousands of MWh)Power Plant GenerationFossil
    
    
    11,578
    
    
    
    10,407
    
    
    
    30,887
    
    
    
    28,698Nuclear
    
    
    1,979
    
    
    
    2,043
    
    
    
    6,304
    
    
    
    6,86013,557
    
    
    
    12,450
    
    
    
    37,191
    
    
    
    35,558Purchased Power
    
    
    2,347
    
    
    
    1,209
    
    
    
    5,156
    
    
    
    3,633System Output
    
    
    15,904
    
    
    
    13,659
    
    
    
    42,347
    
    
    
    39,191Less Line Loss and Internal Use
    
    
    (888
    )
    
    
    (1,062
    )
    
    
    (2,237
    )
    
    
    (2,973
    )Net System Output
    
    
    15,016
    
    
    
    12,597
    
    
    
    40,110
    
    
    
    36,218Average Unit Cost ($/MWh)Generation (1)
    
    $
    17.69
    
    
    $
    13.33
    
    
    $
    15.68
    
    
    $
    12.98Purchased Power (2)
    
    $
    123.36
    
    
    $
    42.77
    
    
    $
    92.39
    
    
    $
    37.12Overall Average Unit Cost
    
    $
    33.29
    
    
    $
    15.94
    
    
    $
    25.02
    
    
    $
    15.21
 
 (1)
    
    Represents fuel costs associated with power plants.(2)
    
    The average purchased power amounts do not include hedging activities. 4




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Three Months Ended
    
    Nine Months EndedSeptember 30
    
    September 302005
    
    2004
    
    2005
    
    2004Electric Sales(in Thousands of MWh)Residential
    
    
    5,554
    
    
    
    4,114
    
    
    
    13,371
    
    
    
    11,655Commercial
    
    
    4,462
    
    
    
    3,557
    
    
    
    11,646
    
    
    
    10,097Industrial
    
    
    3,197
    
    
    
    2,854
    
    
    
    9,118
    
    
    
    8,418Wholesale
    
    
    599
    
    
    
    531
    
    
    
    1,719
    
    
    
    1,640Other
    
    
    93
    
    
    
    98
    
    
    
    285
    
    
    
    31013,905
    
    
    
    11,154
    
    
    
    36,139
    
    
    
    32,120Interconnection sales (1)
    
    
    1,111
    
    
    
    1,443
    
    
    
    3,971
    
    
    
    4,098Total Electric Sales
    
    
    15,016
    
    
    
    12,597
    
    
    
    40,110
    
    
    
    36,218Electric Deliveries(in Thousands of MWh)Retail and Wholesale
    
    
    13,905
    
    
    
    11,154
    
    
    
    36,139
    
    
    
    32,120Electric Choice
    
    
    1,635
    
    
    
    2,555
    
    
    
    5,178
    
    
    
    6,824Electric
Choice  Self Generators (2)
    
    
    62
    
    
    
    100
    
    
    
    429
    
    
    
    453Total Electric Sales and Deliveries
    
    
    15,602
    
    
    
    13,809
    
    
    
    41,746
    
    
    
    39,397
 
 (1)
    
    Represents power that is not distributed by Detroit Edison.(2)
    
    Represents deliveries for self generators who have purchased power from alternative energy
suppliers to supplement their power requirements. Operation and maintenance
 Depreciation and amortization
 Asset gains and losses, net
 Other income and deductions
 Income
taxes
 Outlook
  5




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MIDWEST INDEPENDENT SYSTEM OPERATOR (MISO)
    6




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FEDERAL ENERGY POLICY ACT OF 2005
  
    
    establishes mandatory electric reliability standards;
 
    
    repeals the Public Utility Holding Company Act of 1935;
 
    
    renews the Price Anderson Act for twenty years which provides liability protection for nuclear power plants;
 
    
    increases funding levels for the Low-Income Home Energy Assistance Program; and
 
    
    increases FERC oversight responsibilities for the electric utility industry.
  7




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CONTROLS AND PROCEDURES
 (a) Evaluation of disclosure controls and procedures
  (b) Changes in internal control over financial reporting
  8




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The Detroit Edison Company
 
 Consolidated Statement of Operations (unaudited)
 Three Months Ended
    
    
    Nine Months EndedSeptember 30
    
    
    September 30(in Millions)
    
    2005
    
    
    2004
    
    
    2005
    
    
    2004Operating Revenues
    
    $
    1,409
    
    
    $
    958
    
    
    $
    3,434
    
    
    $
    2,679Operating ExpensesFuel and purchased power
    
    
    604
    
    
    
    238
    
    
    
    1,248
    
    
    
    654Operation and maintenance
    
    
    325
    
    
    
    361
    
    
    
    976
    
    
    
    1,064Depreciation and amortization
    
    
    174
    
    
    
    128
    
    
    
    484
    
    
    
    364Taxes other than income
    
    
    68
    
    
    
    62
    
    
    
    200
    
    
    
    192Asset (gains) and losses, net
    
    
    (26
    )
    
    
    
    
    
    
    (26
    )
    
    
    (1
    )1,145
    
    
    
    789
    
    
    
    2,882
    
    
    
    2,273Operating Income
    
    
    264
    
    
    
    169
    
    
    
    552
    
    
    
    406Other (Income) and DeductionsInterest expense
    
    
    68
    
    
    
    72
    
    
    
    201
    
    
    
    215Interest income
    
    
    (1
    )
    
    
    
    
    
    
    (2
    )
    
    
    Other income
    
    
    (17
    )
    
    
    (13
    )
    
    
    (47
    )
    
    
    (43
    )Other expenses
    
    
    20
    
    
    
    16
    
    
    
    62
    
    
    
    6170
    
    
    
    75
    
    
    
    214
    
    
    
    233Income Before Income Taxes
    
    
    194
    
    
    
    94
    
    
    
    338
    
    
    
    173Income Tax Provision
    
    
    80
    
    
    
    32
    
    
    
    126
    
    
    
    59Net Income
    
    $
    114
    
    
    $
    62
    
    
    $
    212
    
    
    $
    114
  9




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The Detroit Edison Company
 
 Consolidated Statement of Financial Position
 (Unaudited)September 30
    
    
    December 31(in Millions)
    
    2005
    
    
    2004ASSETSCurrent AssetsCash and cash equivalents
    
    $
    12
    
    
    $
    6Restricted cash
    
    
    29
    
    
    
    75Accounts receivableCustomer (less allowance for doubtful accounts of $57 and $55, respectively)
    
    
    377
    
    
    
    258Accrued unbilled revenues
    
    
    192
    
    
    
    207Accrued power supply cost recovery revenue
    
    
    135
    
    
    
    Other
    
    
    114
    
    
    
    120InventoriesFuel
    
    
    112
    
    
    
    100Materials and supplies
    
    
    117
    
    
    
    118Note receivable from affiliate
    
    
    
    
    
    
    85Other
    
    
    83
    
    
    
    461,171
    
    
    
    1,015InvestmentsNuclear decommissioning trust funds
    
    
    633
    
    
    
    590Other
    
    
    59
    
    
    
    55692
    
    
    
    645PropertyProperty, plant and equipment
    
    
    13,224
    
    
    
    12,931Less accumulated depreciation
    
    
    (5,519
    )
    
    
    (5,354
    )7,705
    
    
    
    7,577Other AssetsRegulatory assets
    
    
    2,069
    
    
    
    2,053Securitized regulatory assets
    
    
    1,367
    
    
    
    1,438Other
    
    
    117
    
    
    
    1143,553
    
    
    
    3,605Total Assets
    
    $
    13,121
    
    
    $
    12,842
  10




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The Detroit Edison Company  Consolidated Statement of Financial Position
 (Unaudited)September 30
    
    
    December 31(in Millions, Except Shares)
    
    2005
    
    
    2004LIABILITIES AND SHAREHOLDERS EQUITYCurrent LiabilitiesAccounts payable
    
    $
    373
    
    
    $
    346Accrued interest
    
    
    55
    
    
    
    79Dividends payable
    
    
    76
    
    
    
    76Accrued payroll
    
    
    25
    
    
    
    12Accrued vacations
    
    
    79
    
    
    
    76Short-term borrowings
    
    
    141
    
    
    
    Accrued power supply cost recovery refund
    
    
    126
    
    
    
    112Current portion of long-term debt, including capital leases
    
    
    334
    
    
    
    499Other
    
    
    233
    
    
    
    1301,442
    
    
    
    1,330Other LiabilitiesDeferred income taxes
    
    
    1,978
    
    
    
    1,941Regulatory liabilities
    
    
    254
    
    
    
    253Asset retirement obligations (Note 1)
    
    
    911
    
    
    
    869Unamortized investment tax credit
    
    
    117
    
    
    
    125Nuclear decommissioning
    
    
    83
    
    
    
    77Accrued pension liability
    
    
    309
    
    
    
    247Other
    
    
    736
    
    
    
    6764,388
    
    
    
    4,188Long-Term Debt (net of current portion)Mortgage bonds, notes and other
    
    
    2,974
    
    
    
    2,879Securitization bonds
    
    
    1,296
    
    
    
    1,400Capital lease obligations
    
    
    59
    
    
    
    664,329
    
    
    
    4,345Contingencies (Notes 3 and 5)Shareholders EquityCommon stock, $10 par value, 400,000,000 shares
authorized, 138,632,324 shares issued
and outstanding
    
    
    1,386
    
    
    
    1,386Premium on common stock
    
    
    1,104
    
    
    
    1,104Common stock expense
    
    
    (44
    )
    
    
    (44
    )Retained earnings
    
    
    514
    
    
    
    531Accumulated other comprehensive income
    
    
    2
    
    
    
    22,962
    
    
    
    2,979Total Liabilities and Shareholders Equity
    
    $
    13,121
    
    
    $
    12,842
  11




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The Detroit Edison Company
 
 Consolidated Statement of Cash Flows (Unaudited)
 Nine Months EndedSeptember 30(in Millions)
    
    2005
    
    
    2004Operating ActivitiesNet Income
    
    $
    212
    
    
    $
    114Adjustments to reconcile net income to net cash from
operating activities:Depreciation and amortization
    
    
    484
    
    
    
    364Deferred income taxes
    
    
    50
    
    
    
    57Gain on sale of assets, net
    
    
    (26
    )
    
    
    Changes in assets and liabilities, exclusive of
changes shown separately (Note 1)
    
    
    (46
    )
    
    
    161Net cash from operating activities
    
    
    674
    
    
    
    696Investing ActivitiesPlant and equipment expenditures
    
    
    (479
    )
    
    
    (480
    )Proceeds from sale of other assets, net
    
    
    30
    
    
    
    Restricted cash for debt redemptions
    
    
    46
    
    
    
    Notes receivable from affiliate
    
    
    85
    
    
    
    56Other investments
    
    
    (75
    )
    
    
    (49
    )Net cash used for investing activities
    
    
    (393
    )
    
    
    (473
    )Financing ActivitiesIssuance of long-term debt
    
    
    612
    
    
    
    266Redemption of long-term debt
    
    
    (795
    )
    
    
    (181
    )Short-term borrowings, net
    
    
    141
    
    
    
    (71
    )Dividends on common stock
    
    
    (229
    )
    
    
    (226
    )Other
    
    
    (4
    )
    
    
    (5
    )Net cash used for financing activities
    
    
    (275
    )
    
    
    (217
    )Net Increase in Cash and Cash Equivalents
    
    
    6
    
    
    
    6Cash and Cash Equivalents at Beginning of the Period
    
    
    6
    
    
    
    6Cash and Cash Equivalents at End of the Period
    
    $
    12
    
    
    $
    12
  12




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The Detroit Edison Company
 
 Consolidated Statement of Changes in Shareholders Equity
 and Comprehensive Income (unaudited)
 Premium
    
    
    
    
    
    
    
    
    
    Accumulatedon
    
    Common
    
    
    
    
    
    Other(Dollars in Millions,
    
    Common Stock
    
    Common
    
    Stock
    
    Retained
    
    ComprehensiveShares in Thousands)
    
    Shares
    
    Amount
    
    Stock
    
    Expense
    
    Earnings
    
    Income
    
    TotalBalance, December 31, 2004
    
    
    138,632
    
    
    $
    1,386
    
    
    $
    1,104
    
    
    $
    (44
    )
    
    $
    531
    
    
    $
    2
    
    
    $
    2,979Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    212
    
    
    
    
    
    
    
    212Dividends declared on
common stock
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (229
    )
    
    
    
    
    
    
    (229
    )Balance, September 30,
2005
    
    
    138,632
    
    
    $
    1,386
    
    
    $
    1,104
    
    
    $
    (44
    )
    
    $
    514
    
    
    $
    2
    
    
    $
    2,962
  (in Millions)
    
    2005
    
    
    2004Net income
    
    $
    212
    
    
    $
    114Comprehensive income
    
    $
    212
    
    
    $
    114
  13




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The Detroit Edison Company
 
 Notes to Consolidated Financial Statements (unaudited)
 NOTE 1  GENERAL
      Consolidated Statement of Cash Flows
  Nine Months EndedSeptember 30(in Millions)
    
    2005
    
    
    2004Changes in Assets and Liabilities, Exclusive
of Changes Shown SeparatelyAccounts receivable, net
    
    $
    (133
    )
    
    $
    (33
    )Accrued unbilled receivables
    
    
    15
    
    
    
    49Inventories
    
    
    (12
    )
    
    
    16Accrued pensions
    
    
    82
    
    
    
    77Accounts payable
    
    
    27
    
    
    
    51Accrued power supply cost recovery refund
    
    
    (121
    )
    
    
    62Income taxes payable
    
    
    70
    
    
    
    2General taxes
    
    
    6
    
    
    
    (8
    )Risk management and trading activities
    
    
    
    
    
    
    (1
    )Other assets
    
    
    (50
    )
    
    
    (40
    )Other
liabilities
    
    
    70
    
    
    
    (14
    )$
    (46
    )
    
    $
    161
 14




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Nine Months EndedSeptember 30(in Millions)
    
    2005
    
    
    2004Cash Paid
Interest (excluding interest capitalized)
    
    $
    225
    
    
    $
    235Income taxes
    
    $
    1
    
    
    $
    2Non-cash Investing and Financing ActivitiesSale of assets
    
    
    13
    
    
    
    Common stock issued to parent company in conjunction with parent
company common stock contribution to pension plan
    
    $
    
    
    
    $
    170
 Asset Retirement Obligations
 Accounting for Asset Retirement Obligations, Accounting for the Effects of Certain Types of
Regulation
  (in Millions)Asset retirement obligations at January 1, 2005
    
    $
    869Accretion
    
    
    44Liabilities settled
    
    
    (2
    )Asset retirement obligations at September 30, 2005
    
    $
    911
  Retirement Benefits and Trusteed Assets
  15




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Other PostretirementPension Benefits
    
    
    Benefits(in Millions)
    
    2005
    
    
    2004
    
    
    2005
    
    
    2004Three Months Ended September 30Service Cost
    
    $
    13
    
    
    $
    12
    
    
    $
    11
    
    
    $
    8Interest Cost
    
    
    33
    
    
    
    33
    
    
    
    19
    
    
    
    17Expected Return on Plan Assets
    
    
    (34
    )
    
    
    (34
    )
    
    
    (14
    )
    
    
    (11
    )Amortization of
Net loss
    
    
    13
    
    
    
    13
    
    
    
    11
    
    
    
    8Prior service cost
    
    
    2
    
    
    
    2
    
    
    
    1
    
    
    
    Net transition liability
    
    
    
    
    
    
    
    
    
    
    2
    
    
    
    2Net Periodic Benefit Cost
    
    $
    27
    
    
    $
    26
    
    
    $
    30
    
    
    $
    24Nine Months Ended September 30Service Cost
    
    $
    40
    
    
    $
    36
    
    
    $
    33
    
    
    $
    24Interest Cost
    
    
    99
    
    
    
    99
    
    
    
    59
    
    
    
    52Expected Return on Plan Assets
    
    
    (101
    )
    
    
    (101
    )
    
    
    (43
    )
    
    
    (34
    )Amortization of
Net loss
    
    
    38
    
    
    
    37
    
    
    
    33
    
    
    
    25Prior service cost
    
    
    7
    
    
    
    7
    
    
    
    3
    
    
    
    Net transition liability
    
    
    
    
    
    
    
    
    
    
    5
    
    
    
    6Net Periodic Benefit Cost
    
    $
    83
    
    
    $
    78
    
    
    $
    90
    
    
    $
    73
 NOTE 2
 NEW ACCOUNTING PRONOUNCEMENTS
 Accounting for Conditional Asset Retirement Obligations
 Accounting for Conditional
Asset Retirement Obligations, an interpretation of FASB Statement No. 143.
 NOTE 3
 REGULATORY MATTERS
 Electric Rate Restructuring Proposal
  16




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##### Table of Contents



Other Postretirement Benefits Costs Tracker
  2004 PSCR Reconciliation and 2004 Net Stranded Cost Case
    Power Supply Recovery Proceedings
 2005
Plan Year
 2006 Plan Year 
 17




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##### Table of Contents



Administrative and General Expenses Report to the MPSC
  Emergency Rules for Electric Bills
  Other
 .
 NOTE 4
 LONG -TERM DEBT
     18




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##### Table of Contents



NOTE 5  SHORT-TERM CREDIT ARRANGEMENTS AND BORROWINGS
  NOTE 6  COMMITMENTS AND CONTINGENCIES
 Environmental
 Air
 Water
 Contaminated
Sites
 Personal Property Taxes
  19




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##### Table of Contents



Other Commitments
   Bankruptcies
  Other
  20




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##### Table of Contents



21




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##### Table of Contents



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
      
 22




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##### Table of Contents



Other Information
 
 Legal Proceedings
    
 Other Information
 Indentures
   Loan agreement
  23




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##### Table of Contents



Exhibits
 ExhibitNumber
    
    DescriptionFiled:4-247
    
    Nineteenth Supplemental Indenture, dated as of September
30, 2005, to the
Collateral Trust Indenture, dated as of June 30, 1993, between The Detroit
Edison Company and J.P. Morgan Trust Company, National Association,
as successor trustee, providing for 2005 Series E Senior Notes due 2037.4-248
    
    Supplemental Indenture, dated as of September 30, 2005, to
the Mortgage and Deed of Trust, dated as of October 1, 1924, between The Detroit Edison
Company and J.P. Morgan Trust Company, National Association, as successor
trustee, providing for General and Refunding Mortgage Bonds, 2005 Series E.15-31
    
    Awareness Letter of Deloitte & Touche LLP31-19
    
    Chief Executive Officer Section 302 Form 10-Q Certification31-20
    
    Chief Financial Officer Section 302 Form 10-Q CertificationIncorporated by reference:4-243
    
    Seventeenth Supplemental Indenture, dated as of August 1,
2005, to the
Collateral Trust Indenture, dated as of June 30, 1993, between The Detroit
Edison Company and J.P. Morgan Trust Company, National Association,
as successor trustee, providing for 2005 Series DT Variable Rate Senior Notes
due 2029 (Exhibit No. 4.1 to Form 8-K dated August 17, 2005).4-244
    
    Supplemental Indenture, dated as of August 1, 2005, to the
Mortgage and
Deed of Trust, dated as of October 1, 1924, between The Detroit Edison
Company and J.P. Morgan Trust Company, National Association, as successor
trustee, providing for General and Refunding Mortgage Bonds, 2005 Series DT
(Exhibit No. 4.2 to Form 8-K dated August 17, 2005).4-245
    
    Eighteenth Supplemental Indenture, dated as of September 15,
2005, to theCollateral Trust Indenture, dated as of June 30, 1993, between The Detroit
Edison Company and J.P. Morgan Trust Company, National Association,
as successor trustee, providing for 2005 Series C, 5.19% Senior Notes
due October 1, 2023 (Exhibit No. 4.1 to Form 8-K dated September 29, 2005).4-246
    
    Supplemental Indenture, dated as of September 15, 2005, to
the Mortgage and
Deed of Trust, dated as of October 1, 1924, between The Detroit Edison
Company and J.P. Morgan Trust Company, National Association, as successor
trustee, providing for General and Refunding Mortgage Bonds, 2005 Series C
 24




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##### Table of Contents



ExhibitNumber
    
    Description(Exhibit No. 4.2 to Form 8-K dated September 29, 2005).10-46
    
    Loan Agreement dated as of August 1, 2005 between The Detroit Edison
Company and the Michigan Strategic Fund (Exhibit 10.1 to Form 8-K dated
August 17, 2005).10-47
    
    First Amendment to Note Purchase Agreement, dated as of September 29, 2005.
(Exhibit 10.1 to Form 8-K dated September 29, 2005).10-48
    
    Form of Detroit Edison Five-Year Credit Agreement, dated as of October 17,
2005, by and among Detroit Edison, the lenders party thereto, Barclays Bank
PLC, as Administrative Agent, and Citibank, N.A. and JPMorgan Chase Bank,
N.A. as Co-Syndication Agents (Exhibit 10.1 to Form 8-K dated October
17, 2005).10-49
    
    Form of Second Amended and Restated Five-Year Credit Agreement, dated as
of October 17, 2005, by and among Detroit Edison, the lenders party thereto,
Barclays Bank PLC, as Administrative Agent, and Citibank, N.A. and
JPMorgan Chase Bank, N.A. as Co-Syndication Agents (Exhibit 10.2 to Form
8-K dated October 17, 2005).Furnished:32-19
    
    Chief Executive Officer Section 906 Form 10-Q Certification32-20
    
    Chief Financial Officer Section 906 Form 10-Q Certification
 25




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##### Table of Contents



SIGNATURE
  THE DETROIT EDISON COMPANYDate: November 8, 2005
    /s/ DANIEL G. BRUDZYNSKIDaniel G. BrudzynskiChief Accounting Officer,
Vice President and Controller 26




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##### Table of Contents



Exhibit Index
 Ex. No.
    
    Description4-247
    
    Nineteenth Supplemental Indenture, dated as of September
30, 2005, to the
Collateral Trust Indenture, dated as of June 30, 1993, between The Detroit
Edison Company and J.P. Morgan Trust Company, National Association,
as successor trustee, providing for 2005 Series E Senior Notes due 2037.4-248
    
    Supplemental Indenture, dated as of September 30, 2005, to
the Mortgage and Deed of Trust, dated as of October 1, 1924, between The Detroit Edison
Company and J.P. Morgan Trust Company, National Association, as successor
trustee, providing for General and Refunding Mortgage Bonds, 2005 Series E.15-31
    
    Awareness Letter of Deloitte & Touche LLP31-19
    
    Chief Executive Officer Section 302 Form 10-Q Certification31-20
    
    Chief Financial Officer Section 302 Form 10-Q Certification32-19
    
    Chief Executive Officer Section 906 Form 10-Q Certification32-20
    
    Chief Financial Officer Section 906 Form 10-Q Certification