##### Table of Contents



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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 Quarter Ended September 30, 2000

|            |  |                                      |  |                   
|----------- |  | ------------------------------------ |  | ------------------
|Commission  |  | Registrants; State of Incorporation; |  | I.R.S. Employer   
|File Number |  | Address; and Telephone Number        |  | Identification No.
|            |  |                                      |  |                   
|1-11607     |  | DTE Energy Company                   |  | 38-3217752        
|           
|           
|           
|           
|            |  | (a Michigan corporation)            
|           
|           
|           
|           
|            |  | 2000 2nd Avenue                     
|           
|           
|           
|           
|            |  | Detroit, Michigan 48226-1279        
|           
|           
|           
|           
|            |  | 313-235-4000                        
|           
|           
|           
|           
|1-2198      |  | The Detroit Edison Company           |  | 38-0478650        
|           
|           
|           
|           
|            |  | (a Michigan corporation)            
|           
|           
|           
|           
|            |  | 2000 2nd Avenue                     
|           
|           
|           
|           
|            |  | Detroit, Michigan 48226-1279        
|           
|           
|           
|           
|            |  | 313-235-8000                        

Indicate by check mark whether the registrants (1) have filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrants were required to file such reports), and (2) have been subject to
such filing requirements for the past 90 days.

Yes       No

At October 31, 2000, 142,651,172 shares of DTE Energys Common Stock,
substantially all held by non-affiliates, were outstanding.

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TABLE OF CONTENTS



|                                                                                     |                                |                                                                                                |  |  |  |  |  | 
|------------------------------------------------------------------------------------ | ------------------------------ | ---------------------------------------------------------------------------------------------- |  |  |  |  |  | 
|Definitions                                                                         
|Quarterly Report on Form 10-Q for DTE Energy Company                                
|                                                                                     | Part I  Financial Information
|                                                                                     |                                | Item 1  Financial Statements                                                                 
|                                                                                     |                                | Item 2  Managements Discussion and Analysis of Financial Condition
and Results of Operations
|                                                                                     |                                | Item 3  Quantitative and Qualitative Disclosures About Market Risk                           
|                                                                                     | Part II  Other Information   
|                                                                                     |                                | Item 5  Other Information                                                                    
|Quarterly Report on Form 10-Q for The Detroit Edison Company                        
|                                                                                     | Part I  Financial Information
|                                                                                     |                                | Item 1  Financial Statements                                                                 
|                                                                                     |                                | Item 2  Managements Discussion and Analysis of Financial Condition and Results
of Operations
|                                                                                     | Part II  Other Information   
|                                                                                     |                                | Item 5  Other Information                                                                    
|Quarterly Reports on Form 10-Q for
DTE Energy Company and The Detroit Edison Company
|                                                                                     |                                | Item 6  Exhibits and Reports on Form 8-K                                                     
|Signature Page to DTE Energy Company Quarterly Report on Form 10-Q                  
|Signature Page to The Detroit Edison Company Quarterly Report on Form 10-Q          
|Amendment to the Standby Note Purchase Credit                                       
|Amendment to the First Supplemental Indenture                                       
|Supplemental Indenture                                                              
|Arrangements Re: Employment of Eric H. Peterson                                     
|DTE Earnings per Share of Common Stock                                              
|DTE Computation of Ratio Earnings to Fixed Charges                                  
|Detroit Edison Computation of Ratio of Earnings                                     
|Awareness Letter of Deloitte and Touche LLP                                         
|DTE Financial Data Schedule                                                         
|Detroit Edison Financial Data Schedule                                              
|Amendment to the Credit Agreement                                                   
|Order of the Michigan Public Service Commission                                     



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DTE ENERGY COMPANY
and
THE DETROIT EDISON COMPANY
FORM 10-Q
For The Quarter Ended September 30, 2000

This document contains the Quarterly Reports on Form 10-Q for the quarter ended
September 30, 2000 for each of DTE Energy Company and The Detroit Edison
Company. Information contained herein relating to an individual registrant is
filed by such registrant on its own behalf. Accordingly, except for its
subsidiaries, The Detroit Edison Company makes no representation as to
information relating to any other companies affiliated with DTE Energy Company.

TABLE OF CONTENTS

|                                                                           |                 |                                 |                                                                     |                                     |    |      |    | 
|-------------------------------------------------------------------------- | --------------- | ------------------------------- | ------------------------------------------------------------------- | ----------------------------------- | -- | ---- | -- | 
|                                                                           |                 |                                 |                                                                     |                                     |    | Page
|                                                                           |                 |                                 |                                                                     |                                     |    |     
|Definitions                                                                |                 |                                 | 3                                                                   |                                    
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|Quarterly Report on Form 10-Q for DTE Energy Company:                     
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 | Part I   Financial Information |                                                                     |                                     | 4  |     
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 | Item 1 - Financial Statements                                       |                                     |    | 4    |   
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 | Item 2 - Managements Discussion and Analysis of Financial         
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 |                                                                     | Condition and Results of Operations |    |      | 22 | 
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 | Item 3 - Quantitative and Qualitative Disclosures About Market Risk |                                     |    | 28   |   
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 | Part II   Other Information    |                                                                     |                                     | 30 |     
|                                                                           |                 |                                 | Item 1 - Legal Proceedings                                          |                                     |    | 30   |   
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 | Item 5 - Other Information                                          |                                     |    | 30   |   
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|Quarterly Report on Form 10-Q for The Detroit Edison Company:             
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 | Part I   Financial Information |                                                                     |                                     | 31 |     
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 | Item 1 - Financial Statements                                       |                                     |    | 31   |   
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 | Item 2 - Managements Discussion and Analysis of Financial         
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 |                                                                     | Condition and Results of Operations |    |      | 31 | 
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 | Part II   Other Information    |                                                                     |                                     | 31 |     
|                                                                           |                 |                                 | Item 1 - Legal Proceedings                                          |                                     |    | 31   |   
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 | Item 5 - Other Information                                          |                                     |    | 31   |   
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|Quarterly Reports on Form 10-Q for DTE Energy Company and The Detroit     
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           | Edison Company:
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|                                                                           |                 |                                 | Item 6 - Exhibits and Reports on Form 8-K                           |                                     |    | 33   |   
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|Signature Page to DTE Energy Company Quarterly Report on Form 10-Q         |                 |                                 | 42                                                                  |                                    
|                                                                          
|                                                                          
|                                                                          
|                                                                          
|Signature Page to The Detroit Edison Company Quarterly Report on Form 10-Q |                 |                                 | 43                                                                  |                                    

2



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##### Table of Contents






DEFINITIONS

|                    |  |                                                              
|------------------- |  | -------------------------------------------------------------
|Annual Report       |  | 1999 Annual Report to the Securities and Exchange            
|                   
|                   
|                   
|                   
|                    |  | Commission on Form 10-K for DTE Energy Company or The        
|                   
|                   
|                   
|                   
|                    |  | Detroit Edison Company, as the case may be                   
|                   
|                   
|                   
|                   
|Annual Report Notes |  | Notes to Consolidated Financial Statements appearing on      
|                   
|                   
|                   
|                   
|                    |  | pages 43 through 70 and 74 through 77 of the 1999 Annual     
|                   
|                   
|                   
|                   
|                    |  | Report to the Securities and Exchange Commission on Form     
|                   
|                   
|                   
|                   
|                    |  | 10-K for DTE Energy Company and The Detroit Edison           
|                   
|                   
|                   
|                   
|                    |  | Company, as the case may be                                  
|                   
|                   
|                   
|                   
|ABATE               |  | Association of Businesses Advocating Tariff Equity           
|                   
|                   
|                   
|                   
|Company             |  | DTE Energy Company and Subsidiary Companies                  
|                   
|                   
|                   
|                   
|Detroit Edison      |  | The Detroit Edison Company (a wholly owned subsidiary of     
|                   
|                   
|                   
|                   
|                    |  | DTE Energy Company) and Subsidiary Companies                 
|                   
|                   
|                   
|                   
|DTE Capital         |  | DTE Capital Corporation (a wholly owned subsidiary of DTE    
|                   
|                   
|                   
|                   
|                    |  | Energy Company)                                              
|                   
|                   
|                   
|                   
|Electric Choice     |  | Gives all retail customers equal opportunity to utilize the  
|                   
|                   
|                   
|                   
|                    |  | transmission system which results in access to competitive   
|                   
|                   
|                   
|                   
|                    |  | generation resources                                         
|                   
|                   
|                   
|                   
|EPA                 |  | United States Environmental Protection Agency                
|                   
|                   
|                   
|                   
|FERC                |  | Federal Energy Regulatory Commission                         
|                   
|                   
|                   
|                   
|kWh                 |  | Kilowatthour                                                 
|                   
|                   
|                   
|                   
|MCN                 |  | MCN Energy Group Inc.                                        
|                   
|                   
|                   
|                   
|MPSC                |  | Michigan Public Service Commission                           
|                   
|                   
|                   
|                   
|MW                  |  | Megawatt                                                     
|                   
|                   
|                   
|                   
|MWh                 |  | Megawatthour                                                 
|                   
|                   
|                   
|                   
|Note(s)             |  | Note(s) to Condensed Consolidated Financial                  
|                   
|                   
|                   
|                   
|                    |  | Statements (Unaudited) appearing herein                      
|                   
|                   
|                   
|                   
|PSCR                |  | Power Supply Cost Recovery                                   
|                   
|                   
|                   
|                   
|Quarterly Report    |  | Quarterly Report to the Securities and Exchange              
|                   
|                   
|                   
|                   
|                    |  | Commission on Form 10-Q for DTE Energy Company or The Detroit
|                   
|                   
|                   
|                   
|                    |  | Edison Company, as the case may be, for the quarters         
|                   
|                   
|                   
|                   
|                    |  | ended March 31, 2000 and June 30, 2000                       
|                   
|                   
|                   
|                   
|Report Notes        |  | Notes to Condensed Consolidated Financial Statements         
|                   
|                   
|                   
|                   
|                    |  | (Unaudited) appearing on pages 16 through 19 and 16          
|                   
|                   
|                   
|                   
|                    |  | through 21 of the Quarterly Reports to the Securities and    
|                   
|                   
|                   
|                   
|                    |  | Exchange Commission on Form 10-Q for the quarters ended      
|                   
|                   
|                   
|                   
|                    |  | March 31, 2000 and June 30, 2000, respectively, for DTE      
|                   
|                   
|                   
|                   
|                    |  | Energy Company and The Detroit Edison Company, as the        
|                   
|                   
|                   
|                   
|                    |  | case may be                                                  
|                   
|                   
|                   
|                   
|Registrant          |  | Company or Detroit Edison, as the case may be                

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##### Table of Contents






QUARTERLY REPORT ON FORM 10-Q FOR DTE ENERGY COMPANY




PART I  FINANCIAL INFORMATION




Item 1  Condensed Consolidated Financial Statements (Unaudited).

The following condensed consolidated financial statements (unaudited) are
included herein.

|                                                                 |                                                                     |  |      |    | 
|---------------------------------------------------------------- | ------------------------------------------------------------------- |  | ---- | -- | 
|                                                                 |                                                                     |  | Page
|                                                                 |                                                                     |  |     
|DTE Energy Company:                                             
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                 | Condensed Consolidated Statement of Income                          |  |      | 5  | 
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                 | Condensed Consolidated Balance Sheet                                |  |      | 6  | 
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                 | Condensed Consolidated Statement of Cash Flows                      |  |      | 8  | 
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                 | Condensed Consolidated Statement of Changes in Shareholders Equity |  |      | 9  | 
|                                                                
|                                                                
|                                                                
|                                                                
|The Detroit Edison Company:                                     
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                 | Condensed Consolidated Statement of Income                          |  |      | 11 | 
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                 | Condensed Consolidated Balance Sheet                                |  |      | 12 | 
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                 | Condensed Consolidated Statement of Cash Flows                      |  |      | 14 | 
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                 | Condensed Consolidated Statement of Changes in Shareholders Equity |  |      | 15 | 
|                                                                
|                                                                
|                                                                
|                                                                
|Notes to Condensed Consolidated Financial Statements (Unaudited) |                                                                     |  | 16   |   
|                                                                
|                                                                
|                                                                
|                                                                
|Independent Accountants Report                                  |                                                                     |  | 21   |   

|      |  |                                                                                                                                                                           
|----- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Note: |  | Detroit Edisons Condensed Consolidated Financial Statements are presented here for ease of reference
and are not considered to be part of Item I of the Companys report.

4



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##### Table of Contents



DTE Energy Company
Condensed Consolidated Statement of Income (Unaudited)
(Millions, Except Per Share Amounts)

|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |      |       |       | 
|----------------------------------- | ----------------- | ----------------------------- | -------------------------------- | ---- | ------------------ | ----- | ----------------- | ---- | ---- | ----- | ----- | ---- | ----- | ----- | ----- | ---- | ----- | ----- | 
|                                    |                   |                               |                                  |      | Three Months Ended |       | Nine Months Ended
|                                    |                   |                               |                                  |      | September 30       |       | September 30     
|                                    |                   |                               |                                  |      |                    |       |                  
|                                    |                   |                               |                                  |      | 2000               |       | 1999              |      | 2000 |       | 1999 
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |      
|Operating Revenues                  |                   | $                             | 1,547                            |      |                    | $     | 1,440             |      |      | $     | 4,157 |      |       | $     | 3,614 |     
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|Operating Expenses                 
|                                   
|                                   
|                                   
|                                   
|                                    |                   | Fuel and purchased power      |                                  |      | 747                |       |                   |      | 510  |       |       |      | 1,670 |       |       |      | 1,063 |      
|                                   
|                                   
|                                   
|                                   
|                                    |                   | Operation and maintenance     |                                  |      | 352                |       |                   |      | 397  |       |       |      | 1,093 |       |       |      | 1,086 |      
|                                   
|                                   
|                                   
|                                   
|                                    |                   | Depreciation and amortization |                                  |      | 202                |       |                   |      | 183  |       |       |      | 580   |       |       |      | 547   |      
|                                   
|                                   
|                                   
|                                   
|                                    |                   | Taxes other than income       |                                  |      | 74                 |       |                   |      | 69   |       |       |      | 224   |       |       |      | 211   |      
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|                                    |                   |                               | Total Operating Expenses         |      |                    | 1,375 |                   |      |      | 1,159 |       |      |       | 3,567 |       |      |       | 2,907 | 
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|Operating Income                    |                   |                               | 172                              |      |                    |       | 281               |      |      |       | 590   |      |       |       | 707   |     
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|Interest Expense and Other         
|                                   
|                                   
|                                   
|                                   
|                                    |                   | Interest expense              |                                  |      | 86                 |       |                   |      | 95   |       |       |      | 251   |       |       |      | 260   |      
|                                   
|                                   
|                                   
|                                   
|                                    |                   | Other  net                   |                                  |      | 6                  |       |                   |      | 4    |       |       |      | 9     |       |       |      | 13    |      
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|                                    |                   |                               | Total Interest Expense and Other |      |                    | 92    |                   |      |      | 99    |       |      |       | 260   |       |      |       | 273   | 
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|Income Before Income Taxes          |                   |                               | 80                               |      |                    |       | 182               |      |      |       | 330   |      |       |       | 434   |     
|                                   
|                                   
|                                   
|                                   
|Income Taxes                        |                   |                               | (24                              | )    |                    |       | 21                |      |      |       | 1     |      |       |       | 48    |     
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|Net Income                          |                   | $                             | 104                              |      |                    | $     | 161               |      |      | $     | 329   |      |       | $     | 386   |     
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|Average Common Shares Outstanding   |                   |                               | 143                              |      |                    |       | 145               |      |      |       | 143   |      |       |       | 145   |     
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|Earnings per Common Share         
|                                   
|                                   
|                                   
|                                   
|                                    | Basic and Diluted |                               | $                                | 0.73 |                    |       | $                 | 1.11 |      |       | $     | 2.30 |       |       | $     | 2.66 |      
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     
|Dividends Declared per Common Share |                   | $                             | 0.515                            |      |                    | $     | 0.515             |      |      | $     | 1.545 |      |       | $     | 1.545 |     
|                                    |                   |                               |                                  |      |                    |       |                   |      |      |       |       |      |       |       |       |     

See Notes to Condensed Consolidated Financial Statements (Unaudited).

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##### Table of Contents



DTE Energy Company
Condensed Consolidated Balance Sheet (Unaudited)
(Millions, Except Per Share Amounts and Shares)

|                                               |                                        |                                       |                  |        |              |     |             |        |     |     | 
|---------------------------------------------- | -------------------------------------- | ------------------------------------- | ---------------- | ------ | ------------ | --- | ----------- | ------ | --- | --- | 
|                                               |                                        |                                       |                  |        | September 30 |     | December 31
|                                               |                                        |                                       |                  |        | 2000         |     | 1999       
|                                               |                                        |                                       |                  |        |              |     |            
|ASSETS                                        
|                                              
|                                              
|                                              
|                                              
|Current Assets                                
|                                              
|                                              
|                                              
|                                              
|                                               | Cash and cash equivalents              |                                       | $                | 46     |              |     | $           | 33     |    
|                                              
|                                              
|                                              
|                                              
|                                               | Restricted cash                        |                                       |                  | 78     |              |     |             | 131    |    
|                                              
|                                              
|                                              
|                                              
|                                               | Accounts receivable                   
|                                              
|                                              
|                                              
|                                              
|                                               |                                        | Customer (less allowance for doubtful
|                                              
|                                              
|                                              
|                                              
|                                               |                                        |                                       | accounts of $21) |        |              | 533 |             |        |     | 388 | 
|                                              
|                                              
|                                              
|                                              
|                                               |                                        | Accrued unbilled revenues             |                  |        | 157          |     |             |        | 166 |    
|                                              
|                                              
|                                              
|                                              
|                                               |                                        | Other                                 |                  |        | 149          |     |             |        | 144 |    
|                                              
|                                              
|                                              
|                                              
|                                               | Inventories (at average cost)
Fuel     |                                       |                  | 153    |              |     |             | 175    |    
|                                              
|                                              
|                                              
|                                              
|                                               |                                        | Materials and supplies                |                  |        | 170          |     |             |        | 168 |    
|                                              
|                                              
|                                              
|                                              
|                                               | Assets from risk management activities |                                       |                  | 41     |              |     |             | 67     |    
|                                              
|                                              
|                                              
|                                              
|                                               | Other                                  |                                       |                  | 67     |              |     |             | 38     |    
|                                               |                                        |                                       |                  |        |              |     |             |       
|                                               |                                        |                                       | 1,394            |        |              |     | 1,310       |       
|                                               |                                        |                                       |                  |        |              |     |             |       
|Investments                                   
|                                              
|                                              
|                                              
|                                              
|                                               | Nuclear decommissioning trust funds    |                                       |                  | 398    |              |     |             | 361    |    
|                                              
|                                              
|                                              
|                                              
|                                               | Other                                  |                                       |                  | 262    |              |     |             | 274    |    
|                                               |                                        |                                       |                  |        |              |     |             |       
|                                               |                                        |                                       | 660              |        |              |     | 635         |       
|                                               |                                        |                                       |                  |        |              |     |             |       
|Property                                      
|                                              
|                                              
|                                              
|                                              
|                                               | Property, plant and equipment          |                                       |                  | 11,992 |              |     |             | 11,755 |    
|                                              
|                                              
|                                              
|                                              
|                                               | Property under capital leases          |                                       |                  | 221    |              |     |             | 222    |    
|                                              
|                                              
|                                              
|                                              
|                                               | Nuclear fuel under capital lease       |                                       |                  | 704    |              |     |             | 663    |    
|                                              
|                                              
|                                              
|                                              
|                                               | Construction work in progress          |                                       |                  | 114    |              |     |             | 106    |    
|                                               |                                        |                                       |                  |        |              |     |             |       
|                                               |                                        |                                       | 13,031           |        |              |     | 12,746      |       
|                                               |                                        |                                       |                  |        |              |     |             |       
|Less accumulated depreciation and amortization |                                        |                                       | 5,704            |        |              |     | 5,598       |       
|                                               |                                        |                                       |                  |        |              |     |             |       
|                                               |                                        |                                       | 7,327            |        |              |     | 7,148       |       
|                                               |                                        |                                       |                  |        |              |     |             |       
|Regulatory Assets                              |                                        |                                       | 2,695            |        |              |     | 2,935       |       
|                                               |                                        |                                       |                  |        |              |     |             |       
|Other Assets                                   |                                        |                                       | 270              |        |              |     | 288         |       
|                                               |                                        |                                       |                  |        |              |     |             |       
|Total Assets                                   |                                        | $                                     | 12,346           |        |              | $   | 12,316      |       
|                                               |                                        |                                       |                  |        |              |     |             |       

See Notes to Condensed Consolidated Financial Statements (Unaudited).

6



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##### Table of Contents



|                                           |                                                     |                                                |        |              |       |             |        |       |       | 
|------------------------------------------ | --------------------------------------------------- | ---------------------------------------------- | ------ | ------------ | ----- | ----------- | ------ | ----- | ----- | 
|                                           |                                                     |                                                |        | September 30 |       | December 31
|                                           |                                                     |                                                |        | 2000         |       | 1999       
|                                           |                                                     |                                                |        |              |       |            
|LIABILITIES AND SHAREHOLDERS EQUITY      
|                                          
|                                          
|                                          
|                                          
|Current Liabilities                       
|                                          
|                                          
|                                          
|                                          
|                                           | Accounts payable                                    |                                                | $      | 231          |       |             | $      | 273   |      
|                                          
|                                          
|                                          
|                                          
|                                           | Accrued interest                                    |                                                |        | 70           |       |             |        | 57    |      
|                                          
|                                          
|                                          
|                                          
|                                           | Dividends payable                                   |                                                |        | 73           |       |             |        | 75    |      
|                                          
|                                          
|                                          
|                                          
|                                           | Accrued payroll                                     |                                                |        | 86           |       |             |        | 97    |      
|                                          
|                                          
|                                          
|                                          
|                                           | Short-term borrowings                               |                                                |        | 551          |       |             |        | 387   |      
|                                          
|                                          
|                                          
|                                          
|                                           | Income taxes                                        |                                                |        | 99           |       |             |        | 61    |      
|                                          
|                                          
|                                          
|                                          
|                                           | Current portion long-term debt                      |                                                |        | 234          |       |             |        | 270   |      
|                                          
|                                          
|                                          
|                                          
|                                           | Current portion capital leases                      |                                                |        | 93           |       |             |        | 75    |      
|                                          
|                                          
|                                          
|                                          
|                                           | Liabilities from risk management activities         |                                                |        | 35           |       |             |        | 52    |      
|                                          
|                                          
|                                          
|                                          
|                                           | Other                                               |                                                |        | 305          |       |             |        | 257   |      
|                                           |                                                     |                                                |        |              |       |             |        |      
|                                           |                                                     |                                                | 1,777  |              |       |             | 1,604  |      
|                                           |                                                     |                                                |        |              |       |             |        |      
|Other Liabilities                         
|                                          
|                                          
|                                          
|                                          
|                                           | Deferred income taxes                               |                                                |        | 1,802        |       |             |        | 1,925 |      
|                                          
|                                          
|                                          
|                                          
|                                           | Capital leases                                      |                                                |        | 106          |       |             |        | 114   |      
|                                          
|                                          
|                                          
|                                          
|                                           | Regulatory liabilities                              |                                                |        | 190          |       |             |        | 262   |      
|                                          
|                                          
|                                          
|                                          
|                                           | Other                                               |                                                |        | 586          |       |             |        | 564   |      
|                                           |                                                     |                                                |        |              |       |             |        |      
|                                           |                                                     |                                                | 2,684  |              |       |             | 2,865  |      
|                                           |                                                     |                                                |        |              |       |             |        |      
|Long-Term Debt                             |                                                     |                                                | 3,936  |              |       |             | 3,938  |      
|                                           |                                                     |                                                |        |              |       |             |        |      
|Shareholders Equity                      
|                                          
|                                          
|                                          
|                                          
|                                           | Common stock, without par value, 400,000,000 shares
|                                          
|                                          
|                                          
|                                          
|                                           |                                                     | authorized, 142,653,454 and 145,041,324 issued
|                                          
|                                          
|                                          
|                                          
|                                           |                                                     | and outstanding, respectively                  |        |              | 1,918 |             |        |       | 1,950 | 
|                                          
|                                          
|                                          
|                                          
|                                           | Retained earnings                                   |                                                |        | 2,031        |       |             |        | 1,959 |      
|                                           |                                                     |                                                |        |              |       |             |        |      
|                                           |                                                     |                                                | 3,949  |              |       |             | 3,909  |      
|                                           |                                                     |                                                |        |              |       |             |        |      
|Commitments and Contingencies (Note 7)    
|                                          
|                                          
|                                          
|                                          
|Total Liabilities and Shareholders Equity |                                                     | $                                              | 12,346 |              |       | $           | 12,316 |      
|                                           |                                                     |                                                |        |              |       |             |        |      

See Notes to Condensed Consolidated Financial Statements (Unaudited).

7



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##### Table of Contents



DTE Energy Company
Condensed Consolidated Statement of Cash Flows (Unaudited)
(Millions)

|                                                     |                                                                            |                                            |                     |      |                   |      |      |      |      |     |  
|---------------------------------------------------- | -------------------------------------------------------------------------- | ------------------------------------------ | ------------------- | ---- | ----------------- | ---- | ---- | ---- | ---- | --- | -
|                                                     |                                                                            |                                            |                     |      | Nine Months Ended
|                                                     |                                                                            |                                            |                     |      | September 30     
|                                                     |                                                                            |                                            |                     |      |                  
|                                                     |                                                                            |                                            |                     |      | 2000              |      | 1999
|                                                     |                                                                            |                                            |                     |      |                   |      |     
|Operating Activities                                
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Net Income                                                                 |                                            | $                   | 329  |                   |      | $    | 386  |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Adjustments to reconcile net income to net cash from operating activities:
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            | Depreciation and amortization              |                     |      | 580               |      |      |      | 547  |    
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            | Other                                      |                     |      | (97               | )    |      |      | (72  | )  
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            | Changes in current assets and liabilities:
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Restricted cash     |      |                   | 53   |      |      |      | (11 | )
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Accounts receivable |      |                   | (141 | )    |      |      | (84 | )
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Inventories         |      |                   | 20   |      |      |      | 30  |  
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Payables            |      |                   | (40  | )    |      |      | (43 | )
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Other               |      |                   | 20   |      |      |      | (16 | )
|                                                     |                                                                            |                                            |                     |      |                   |      |      |     
|                                                     |                                                                            | Net cash from operating activities         |                     |      | 724               |      |      |      | 737  |    
|                                                     |                                                                            |                                            |                     |      |                   |      |      |     
|Investing Activities                                
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Plant and equipment expenditures                                           |                                            |                     | (546 | )                 |      |      | (530 | )   
|                                                     |                                                                            |                                            |                     |      |                   |      |      |     
|                                                     |                                                                            | Net cash used for investing activities     |                     |      | (546              | )    |      |      | (530 | )  
|                                                     |                                                                            |                                            |                     |      |                   |      |      |     
|Financing Activities                                
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Issuance of long-term debt                                                 |                                            |                     | 273  |                   |      |      | 265  |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Increase in short-term borrowings                                          |                                            |                     | 164  |                   |      |      | 65   |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Increase in restricted cash for debt redemptions                           |                                            |                     |     |                   |      |      | (185 | )   
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Redemption of long-term debt                                               |                                            |                     | (310 | )                 |      |      | (204 | )   
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Repurchase of common stock                                                 |                                            |                     | (70  | )                 |      |      |     |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Dividends on common stock                                                  |                                            |                     | (222 | )                 |      |      | (224 | )   
|                                                     |                                                                            |                                            |                     |      |                   |      |      |     
|                                                     |                                                                            | Net cash used for financing activities     |                     |      | (165              | )    |      |      | (283 | )  
|                                                     |                                                                            |                                            |                     |      |                   |      |      |     
|Net Increase (Decrease) in Cash and Cash Equivalents |                                                                            |                                            | 13                  |      |                   |      | (76  | )   
|                                                    
|                                                    
|                                                    
|                                                    
|Cash and Cash Equivalents at Beginning of the Period |                                                                            |                                            | 33                  |      |                   |      | 130  |     
|                                                     |                                                                            |                                            |                     |      |                   |      |      |     
|Cash and Cash Equivalents at End of the Period       |                                                                            | $                                          | 46                  |      |                   | $    | 54   |     
|                                                     |                                                                            |                                            |                     |      |                   |      |      |     
|Supplementary Cash Flow Information                 
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Interest paid (excluding interest capitalized)                             |                                            | $                   | 238  |                   |      | $    | 263  |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Income taxes paid                                                          |                                            |                     | 59   |                   |      |      | 102  |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | New capital lease obligations                                              |                                            |                     | 41   |                   |      |      | 3    |     

See accompanying Notes to the Condensed Consolidated Financial Statements (Unaudited).

8



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##### Table of Contents



DTE Energy Company
Condensed Consolidated Statement of Changes in Shareholders Equity (Unaudited)
(Millions, Except Per Share Amounts; Shares in Thousands)

|                           |                                                       |  |        |         |        |   |       |       |  
|-------------------------- | ----------------------------------------------------- |  | ------ | ------- | ------ | - | ----- | ----- | -
|                           |                                                       |  | 2000  
|                           |                                                       |  |       
|                           |                                                       |  | Shares |         | Amount
|                           |                                                       |  |        |         |       
|Common Stock              
|                          
|                          
|                          
|                          
|                           | Balance at beginning of year                          |  |        | 145,041 |        |   | $     | 1,950 |  
|                          
|                          
|                          
|                          
|                           | Repurchase and retirement of common stock             |  |        | 2,388   |        |   |       | (32   | )
|                           |                                                       |  |        |         |        |   |       |      
|                           | Balance at September 30, 2000                         |  |        | 142,653 |        |   | $     | 1,918 |  
|                           |                                                       |  |        |         |        |   |       |      
|Retained Earnings         
|                          
|                          
|                          
|                          
|                           | Balance at beginning of year                          |  |        |         |        |   | $     | 1,959 |  
|                          
|                          
|                          
|                          
|                           | Net income                                            |  |        |         |        |   |       | 329   |  
|                          
|                          
|                          
|                          
|                           | Dividends declared on common stock ($1.545 per share) |  |        |         |        |   |       | (221  | )
|                          
|                          
|                          
|                          
|                           | Repurchase and retirement of common stock             |  |        |         |        |   |       | (39   | )
|                          
|                          
|                          
|                          
|                           | Other                                                 |  |        |         |        |   |       | 3     |  
|                           |                                                       |  |        |         |        |   |       |      
|                           | Balance at September 30, 2000                         |  |        |         |        |   | $     | 2,031 |  
|                           |                                                       |  |        |         |        |   |       |      
|Total Shareholders Equity |                                                       |  |        |         |        | $ | 3,949 |      
|                           |                                                       |  |        |         |        |   |       |      

See accompanying Notes to the Condensed Consolidated Financial Statements (Unaudited).

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The Detroit Edison Company
Condensed Consolidated Statement of Income (Unaudited)
(Millions)

|                           |                               |                                  |       |                    |     |                   |       |      |     |      |       |       |       |   |       |     |       | 
|-------------------------- | ----------------------------- | -------------------------------- | ----- | ------------------ | --- | ----------------- | ----- | ---- | --- | ---- | ----- | ----- | ----- | - | ----- | --- | ----- | 
|                           |                               |                                  |       | Three Months Ended |     | Nine Months Ended
|                           |                               |                                  |       | September 30       |     | September 30     
|                           |                               |                                  |       |                    |     |                  
|                           |                               |                                  |       | 2000               |     | 1999              |       | 2000 |     | 1999
|                           |                               |                                  |       |                    |     |                   |       |      |     |     
|Operating Revenues         |                               | $                                | 1,109 |                    |     | $                 | 1,211 |      |     | $    | 3,129 |       |       | $ | 3,128 |    
|                           |                               |                                  |       |                    |     |                   |       |      |     |      |       |       |       |   |       |    
|Operating Expenses        
|                          
|                          
|                          
|                          
|                           | Fuel and purchased power      |                                  |       | 455                |     |                   |       | 405  |     |      |       | 1,020 |       |   |       | 888 |      
|                          
|                          
|                          
|                          
|                           | Operation and maintenance     |                                  |       | 224                |     |                   |       | 275  |     |      |       | 736   |       |   |       | 773 |      
|                          
|                          
|                          
|                          
|                           | Depreciation and amortization |                                  |       | 191                |     |                   |       | 176  |     |      |       | 550   |       |   |       | 522 |      
|                          
|                          
|                          
|                          
|                           | Taxes other than income       |                                  |       | 72                 |     |                   |       | 69   |     |      |       | 219   |       |   |       | 210 |      
|                           |                               |                                  |       |                    |     |                   |       |      |     |      |       |       |       |   |       |    
|                           |                               | Total Operating Expenses         |       |                    | 942 |                   |       |      | 925 |      |       |       | 2,525 |   |       |     | 2,393 | 
|                           |                               |                                  |       |                    |     |                   |       |      |     |      |       |       |       |   |       |    
|Operating Income           |                               |                                  | 167   |                    |     |                   | 286   |      |     |      | 604   |       |       |   | 735   |    
|                          
|                          
|                          
|                          
|Interest Expense and Other
|                          
|                          
|                          
|                          
|                           | Interest expense              |                                  |       | 70                 |     |                   |       | 82   |     |      |       | 209   |       |   |       | 219 |      
|                          
|                          
|                          
|                          
|                           | Other  net                   |                                  |       | 4                  |     |                   |       | 1    |     |      |       | 13    |       |   |       | 3   |      
|                           |                               |                                  |       |                    |     |                   |       |      |     |      |       |       |       |   |       |    
|                           |                               | Total Interest Expense and Other |       |                    | 74  |                   |       |      | 83  |      |       |       | 222   |   |       |     | 222   | 
|                           |                               |                                  |       |                    |     |                   |       |      |     |      |       |       |       |   |       |    
|Income Before Income Taxes |                               |                                  | 93    |                    |     |                   | 203   |      |     |      | 382   |       |       |   | 513   |    
|                          
|                          
|                          
|                          
|Income Taxes               |                               |                                  | 17    |                    |     |                   | 65    |      |     |      | 118   |       |       |   | 164   |    
|                           |                               |                                  |       |                    |     |                   |       |      |     |      |       |       |       |   |       |    
|Net Income                 |                               | $                                | 76    |                    |     | $                 | 138   |      |     | $    | 264   |       |       | $ | 349   |    
|                           |                               |                                  |       |                    |     |                   |       |      |     |      |       |       |       |   |       |    

See accompanying Notes to the Condensed Consolidated Financial Statements (Unaudited).

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The Detroit Edison Company
Condensed Consolidated Balance Sheet (Unaudited)
(Millions, Except Per Share Amounts and Shares)

|                                               |                                     |                                       |                  |        |              |     |             |        |     |     | 
|---------------------------------------------- | ----------------------------------- | ------------------------------------- | ---------------- | ------ | ------------ | --- | ----------- | ------ | --- | --- | 
|                                               |                                     |                                       |                  |        | September 30 |     | December 31
|                                               |                                     |                                       |                  |        | 2000         |     | 1999       
|                                               |                                     |                                       |                  |        |              |     |            
|ASSETS                                        
|                                              
|                                              
|                                              
|                                              
|Current Assets                                
|                                              
|                                              
|                                              
|                                              
|                                               | Cash and cash equivalents           |                                       | $                | 12     |              |     | $           | 4      |    
|                                               |                                     |                                       |                  |        |              |     |             |       
|                                               | Accounts receivable                
|                                              
|                                              
|                                              
|                                              
|                                               |                                     | Customer (less allowance for doubtful
|                                              
|                                              
|                                              
|                                              
|                                               |                                     |                                       | accounts of $20) |        |              | 352 |             |        |     | 316 | 
|                                              
|                                              
|                                              
|                                              
|                                               |                                     | Accrued unbilled revenues             |                  |        | 157          |     |             |        | 166 |    
|                                              
|                                              
|                                              
|                                              
|                                               |                                     | Other                                 |                  |        | 132          |     |             |        | 138 |    
|                                              
|                                              
|                                              
|                                              
|                                               | Inventories (at average cost)      
|                                              
|                                              
|                                              
|                                              
|                                               |                                     | Fuel                                  |                  |        | 153          |     |             |        | 175 |    
|                                              
|                                              
|                                              
|                                              
|                                               |                                     | Materials and supplies                |                  |        | 144          |     |             |        | 140 |    
|                                              
|                                              
|                                              
|                                              
|                                               | Other                               |                                       |                  | 53     |              |     |             | 29     |    
|                                               |                                     |                                       |                  |        |              |     |             |       
|                                               |                                     |                                       | 1,003            |        |              |     | 968         |       
|                                               |                                     |                                       |                  |        |              |     |             |       
|Investments                                   
|                                              
|                                              
|                                              
|                                              
|                                               | Nuclear decommissioning trust funds |                                       |                  | 398    |              |     |             | 361    |    
|                                              
|                                              
|                                              
|                                              
|                                               | Other                               |                                       |                  | 37     |              |     |             | 34     |    
|                                               |                                     |                                       |                  |        |              |     |             |       
|                                               |                                     |                                       | 435              |        |              |     | 395         |       
|                                               |                                     |                                       |                  |        |              |     |             |       
|Property                                      
|                                              
|                                              
|                                              
|                                              
|                                               | Property, plant and equipment       |                                       |                  | 11,320 |              |     |             | 11,204 |    
|                                              
|                                              
|                                              
|                                              
|                                               | Property under capital leases       |                                       |                  | 221    |              |     |             | 221    |    
|                                              
|                                              
|                                              
|                                              
|                                               | Nuclear fuel under capital lease    |                                       |                  | 704    |              |     |             | 663    |    
|                                              
|                                              
|                                              
|                                              
|                                               | Construction work in progress       |                                       |                  | 2      |              |     |             | 4      |    
|                                               |                                     |                                       |                  |        |              |     |             |       
|                                               |                                     |                                       | 12,247           |        |              |     | 12,092      |       
|                                               |                                     |                                       |                  |        |              |     |             |       
|Less accumulated depreciation and amortization |                                     |                                       | 5,602            |        |              |     | 5,526       |       
|                                               |                                     |                                       |                  |        |              |     |             |       
|                                               |                                     |                                       | 6,645            |        |              |     | 6,566       |       
|                                               |                                     |                                       |                  |        |              |     |             |       
|Regulatory Assets                              |                                     |                                       | 2,695            |        |              |     | 2,935       |       
|                                               |                                     |                                       |                  |        |              |     |             |       
|Other Assets                                   |                                     |                                       | 168              |        |              |     | 187         |       
|                                               |                                     |                                       |                  |        |              |     |             |       
|Total Assets                                   |                                     | $                                     | 10,946           |        |              | $   | 11,051      |       
|                                               |                                     |                                       |                  |        |              |     |             |       

See accompanying Notes to the Condensed Consolidated Financial Statements (Unaudited).

12



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##### Table of Contents



|                                           |                   |                                                 |                                                |   |              |       |             |   |       |       | 
|------------------------------------------ | ----------------- | ----------------------------------------------- | ---------------------------------------------- | - | ------------ | ----- | ----------- | - | ----- | ----- | 
|                                           |                   |                                                 |                                                |   | September 30 |       | December 31
|                                           |                   |                                                 |                                                |   | 2000         |       | 1999       
|                                           |                   |                                                 |                                                |   |              |       |            
|LIABILITIES AND SHAREHOLDERS EQUITY      
|                                          
|                                          
|                                          
|                                          
|Current Liabilities                       
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Accounts payable                                |                                                | $ | 209          |       |             | $ | 224   |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Accrued interest                                |                                                |   | 60           |       |             |   | 54    |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Dividends payable                               |                                                |   | 80           |       |             |   | 80    |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Accrued payroll                                 |                                                |   | 82           |       |             |   | 90    |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Short-term borrowings                           |                                                |   | 342          |       |             |   | 362   |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Income taxes                                    |                                                |   | 102          |       |             |   | 84    |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Current portion long-term debt                  |                                                |   | 159          |       |             |   | 194   |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Current portion capital leases                  |                                                |   | 93           |       |             |   | 75    |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Other                                           |                                                |   | 130          |       |             |   | 159   |      
|                                           |                   |                                                 |                                                |   |              |       |             |  
|                                           |                   |                                                 | 1,257                                          |   |              |       | 1,322       |  
|                                           |                   |                                                 |                                                |   |              |       |             |  
|                                           | Other Liabilities
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Deferred income taxes                           |                                                |   | 1,808        |       |             |   | 1,879 |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Capital leases                                  |                                                |   | 106          |       |             |   | 114   |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Regulatory liabilities                          |                                                |   | 190          |       |             |   | 262   |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Other                                           |                                                |   | 585          |       |             |   | 562   |      
|                                           |                   |                                                 |                                                |   |              |       |             |  
|                                           |                   |                                                 | 2,689                                          |   |              |       | 2,817       |  
|                                           |                   |                                                 |                                                |   |              |       |             |  
|Long-Term Debt                             |                   |                                                 | 3,344                                          |   |              |       | 3,284       |  
|                                           |                   |                                                 |                                                |   |              |       |             |  
|Shareholders Equity                      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Common stock, $10 par value, 400,000,000 shares
|                                          
|                                          
|                                          
|                                          
|                                           |                   |                                                 | authorized, 145,119,875 issued and outstanding |   |              | 1,451 |             |   |       | 1,451 | 
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Premium on common stock                         |                                                |   | 548          |       |             |   | 548   |      
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Common stock expense                            |                                                |   | (48          | )     |             |   | (48   | )    
|                                          
|                                          
|                                          
|                                          
|                                           |                   | Retained earnings                               |                                                |   | 1,705        |       |             |   | 1,677 |      
|                                           |                   |                                                 |                                                |   |              |       |             |  
|                                           |                   |                                                 | 3,656                                          |   |              |       | 3,628       |  
|                                           |                   |                                                 |                                                |   |              |       |             |  
|Commitments and Contingencies (Note 7)    
|                                          
|                                          
|                                          
|                                          
|Total Liabilities and Shareholders Equity |                   | $                                               | 10,946                                         |   |              | $     | 11,051      |  
|                                           |                   |                                                 |                                                |   |              |       |             |  

See accompanying Notes to the Condensed Consolidated Financial Statements (Unaudited).

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The Detroit Edison Company
Condensed Consolidated Statement of Cash Flows (Unaudited)
(Millions)

|                                                     |                                                                            |                                            |                     |      |                   |     |      |      |      |     |  
|---------------------------------------------------- | -------------------------------------------------------------------------- | ------------------------------------------ | ------------------- | ---- | ----------------- | --- | ---- | ---- | ---- | --- | -
|                                                     |                                                                            |                                            |                     |      | Nine Months Ended
|                                                     |                                                                            |                                            |                     |      | September 30     
|                                                     |                                                                            |                                            |                     |      |                  
|                                                     |                                                                            |                                            |                     |      | 2000              |     | 1999
|                                                     |                                                                            |                                            |                     |      |                   |     |     
|Operating Activities                                
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Net Income                                                                 |                                            | $                   | 264  |                   |     | $    | 349  |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Adjustments to reconcile net income to net cash from operating activities:
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            | Depreciation and amortization              |                     |      | 550               |     |      |      | 522  |    
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            | Other                                      |                     |      | (86               | )   |      |      | (34  | )  
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            | Changes in current assets and liabilities:
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Accounts receivable |      |                   | (21 | )    |      |      | (46 | )
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Inventories         |      |                   | 18  |      |      |      | 26  |  
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Payables            |      |                   | (17 | )    |      |      | (61 | )
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     |                                                                            |                                            | Other               |      |                   | (53 | )    |      |      | (53 | )
|                                                     |                                                                            |                                            |                     |      |                   |     |      |     
|                                                     |                                                                            | Net cash from operating activities         |                     |      | 655               |     |      |      | 703  |    
|                                                     |                                                                            |                                            |                     |      |                   |     |      |     
|Investing Activities                                
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Plant and equipment expenditures                                           |                                            |                     | (413 | )                 |     |      | (429 | )   
|                                                     |                                                                            |                                            |                     |      |                   |     |      |     
|                                                     |                                                                            | Net cash used for investing activities     |                     |      | (413              | )   |      |      | (429 | )  
|                                                     |                                                                            |                                            |                     |      |                   |     |      |     
|Financing Activities                                
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Issuance of long-term debt                                                 |                                            |                     | 270  |                   |     |      | 265  |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | (Decrease) increase in short-term borrowings                               |                                            |                     | (20  | )                 |     |      | 65   |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Increase in restricted cash for debt redemptions                           |                                            |                     |     |                   |     |      | (185 | )   
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Redemption of long-term debt                                               |                                            |                     | (245 | )                 |     |      | (159 | )   
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Dividends on common stock                                                  |                                            |                     | (239 | )                 |     |      | (239 | )   
|                                                     |                                                                            |                                            |                     |      |                   |     |      |     
|                                                     |                                                                            | Net cash used for financing activities     |                     |      | (234              | )   |      |      | (253 | )  
|                                                     |                                                                            |                                            |                     |      |                   |     |      |     
|Net Increase in Cash and Cash Equivalents            |                                                                            |                                            | 8                   |      |                   |     | 21   |     
|                                                    
|                                                    
|                                                    
|                                                    
|Cash and Cash Equivalents at Beginning of the Period |                                                                            |                                            | 4                   |      |                   |     | 5    |     
|                                                     |                                                                            |                                            |                     |      |                   |     |      |     
|Cash and Cash Equivalents at End of the Period       |                                                                            | $                                          | 12                  |      |                   | $   | 26   |     
|                                                     |                                                                            |                                            |                     |      |                   |     |      |     
|Supplementary Cash Flow Information                 
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Interest paid (excluding interest capitalized)                             |                                            | $                   | 203  |                   |     | $    | 229  |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | Income taxes paid                                                          |                                            |                     | 142  |                   |     |      | 186  |     
|                                                    
|                                                    
|                                                    
|                                                    
|                                                     | New capital lease obligations                                              |                                            |                     | 41   |                   |     |      | 3    |     

See accompanying Notes to the Condensed Consolidated Financial Statements (Unaudited).

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The Detroit Edison Company
Condensed Consolidated Statement of Changes in Shareholders Equity (Unaudited)
(Millions, Except Per Share Amounts; Shares in Thousands)

|                           |                                                      |  |        |         |        |   |       |       |  
|-------------------------- | ---------------------------------------------------- |  | ------ | ------- | ------ | - | ----- | ----- | -
|                           |                                                      |  | 2000  
|                           |                                                      |  |       
|                           |                                                      |  | Shares |         | Amount
|                           |                                                      |  |        |         |       
|Common Stock              
|                          
|                          
|                          
|                          
|                           | Balance at beginning of year                         |  |        | 145,120 |        |   | $     | 1,451 |  
|                           |                                                      |  |        |         |        |   |       |      
|                           | Balance at September 30, 2000                        |  |        | 145,120 |        |   | $     | 1,451 |  
|                           |                                                      |  |        |         |        |   |       |      
|Premium on Common Stock   
|                          
|                          
|                          
|                          
|                           | Balance at beginning of year                         |  |        |         |        |   | $     | 548   |  
|                           |                                                      |  |        |         |        |   |       |      
|                           | Balance at September 30, 2000                        |  |        |         |        |   | $     | 548   |  
|                          
|                          
|                          
|                          
|Common Stock Expense      
|                          
|                          
|                          
|                          
|                           | Balance at beginning of year                         |  |        |         |        |   | $     | (48   | )
|                           |                                                      |  |        |         |        |   |       |      
|                           | Balance at September 30, 2000                        |  |        |         |        |   | $     | (48   | )
|                           |                                                      |  |        |         |        |   |       |      
|Retained Earnings         
|                          
|                          
|                          
|                          
|                           | Balance at beginning of year                         |  |        |         |        |   | $     | 1,677 |  
|                          
|                          
|                          
|                          
|                           | Net income                                           |  |        |         |        |   |       | 264   |  
|                          
|                          
|                          
|                          
|                           | Dividends declared on common stock ($1.65 per share) |  |        |         |        |   |       | (239  | )
|                          
|                          
|                          
|                          
|                           | Other                                                |  |        |         |        |   |       | 3     |  
|                           |                                                      |  |        |         |        |   |       |      
|                           | Balance at September 30, 2000                        |  |        |         |        |   | $     | 1,705 |  
|                           |                                                      |  |        |         |        |   |       |      
|Total Shareholders Equity |                                                      |  |        |         |        | $ | 3,656 |      
|                           |                                                      |  |        |         |        |   |       |      

See accompanying Notes to the Condensed Consolidated Financial Statements (Unaudited).

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##### Table of Contents



DTE Energy Company and The Detroit Edison Company
Notes to Condensed Consolidated Financial Statements (Unaudited)

NOTE 1  SIGNIFICANT ACCOUNTING POLICIES

These condensed consolidated financial statements (unaudited) should be read in
conjunction with the Annual Report Notes and the Quarterly Report Notes. The
Notes contained herein update and supplement matters discussed in the Annual
Report Notes and the Quarterly Report Notes.

The preparation of the financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.

The condensed consolidated financial statements are unaudited, but in the
opinion of the Company and Detroit Edison, with respect to its own financial
statements, include all adjustments necessary for a fair statement of the
results for the interim periods. Financial results for this interim period are
not necessarily indicative of results that may be expected for any other interim
period or for the fiscal year.

Certain prior year balances have been reclassified to conform to the current
years presentation.

In June 1998, the Financial Accounting Standards Board (FASB) issued Statement
of Financial Accounting Standards (SFAS) No. 133, Accounting for Derivative
Instruments and Hedging Activities. This statement requires companies to record
derivatives on the balance sheet as assets and liabilities, measured at fair
value. Gains or losses resulting from changes in the values of those derivatives
would be accounted for depending on the use of the derivative and whether it
qualifies for hedge accounting. In June 1999, the FASB issued SFAS No. 137
delaying the effective date of SFAS No. 133 to fiscal years beginning after June
15, 2000. In June 2000, the FASB issued SFAS No. 138 which amended SFAS No. 133
for certain implementation issues. The Company will adopt these accounting
standards as required on January 1, 2001. The Company is currently assessing the
financial impact of the adoption; however, such impact is not determinable at
this time. The Company believes that the adoption of SFAS No. 133 may affect the
variability of future periodic earnings and other comprehensive income as market
conditions and resulting portfolio valuations change from time to time.

The Securities and Exchange Commission Staff (Staff) issued Staff Accounting
Bulletin (SAB) No. 101 in December 1999. This SAB summarizes certain of the
Staffs views in applying generally accepted accounting principles to revenue
recognition in financial statements. The effective date of SAB No. 101 has been
delayed until the fourth quarter ended December 31, 2000. At September 30, 2000,
the Company and Detroit Edison have determined the adoption of SAB No. 101 will
not have a material impact on the Companys and Detroit Edisons financial
statements.

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##### Table of Contents



NOTE 2  MERGER AGREEMENT

As discussed in Note 2 of the Annual Report Notes, the Company has entered into
a definitive merger agreement with MCN. The proposed merger is being reviewed by
the Federal Trade Commission (FTC) pursuant to the Hart-Scott-Rodino Act. The
FTC staff has focused primarily on possible competition between the Company and
MCN for cogeneration load and other gas/electric displacement technologies in
the companies coincident retail distribution areas. The Company and MCN are
taking action to address issues raised by the FTC staff, including the proposed
transfer of a property interest to a unit of Exelon Corp. (previously Unicom
Corp.) allowing for the utilization of up to 20 billion cubic feet of natural
gas transportation capacity annually on the Michigan Consolidated Gas
Co. (a subsidiary of MCN) system
in the applicable distribution area. The agreement is subject to regulatory
approvals (including the MPSC) and consummation of the merger. Specific terms
regarding the ultimate utilization of capacity under the agreement are still
being discussed with the FTC. The Company and MCN believe that the proposal will
be the basis for addressing the FTCs concerns. While the
Company cannot predict the timing or outcome of the FTCs
review, the Company and MCN are targeting a first quarter 2001
closing date for the merger.

NOTE 3  REGULATORY MATTERS

On June 3, 2000, Michigan Governor John Engler signed Enrolled Senate Bill No.
937, Public Act 141 of 2000 (PA 141), which provides Detroit Edison with the
right to recover stranded costs, codifies and establishes a date certain for the
MPSCs existing Electric Choice program, and requires the MPSC to
reduce electric residential rates by 5%.

On that same date, the Governor signed Enrolled Senate Bill No. 1253, Public Act
142 of 2000 (PA 142). PA 142 provides for the recovery through securitization of
qualified costs, which consist of an electric utilitys regulatory assets plus
various costs associated with, or resulting from, the establishment of a
competitive electric market, and the issuance of securitization bonds. In order
to recover its qualified costs, on July 5, 2000, Detroit Edison applied to the
MPSC for authority to issue securitization bonds, which may not exceed 15
years in term. PA 142 requires Detroit Edison to retire debt and equity with the
proceeds of securitization bonds. An annual reconciliation of securitization
charges is also required by statute.

In an order issued on November 2, 2000, the MPSC approved the issuance of
securitization bonds to recover up to $1.774 billion (compared
to approximately $1.850 billion requested by Detroit Edison) of qualified costs. The qualified costs
approved by the MPSC include Fermi 2 costs, costs of certain regulatory assets, Electric Choice implementation costs, the initial and
periodic costs of issuance associated with securitization bonds, and the costs
of retiring and refunding securities with the proceeds of securitization.
Detroit Edison expects to use the proceeds of securitization bonds to retire debt and equity
in a manner that will maintain its debt /equity ratio at approximately 50%.

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##### Table of Contents



The issuance of securitization bonds will result in an overall revenue
requirement reduction for Detroit Edison. Acting pursuant to PA 141, in an order
issued June 5, 2000, the MPSC immediately reduced Detroit Edisons residential
electric rates by 5%, or approximately $65 million on an annual basis, and
imposed a rate freeze for all classes of customers through 2003. Detroit Edison
proposed deferral and securitization of the residential rate reduction from June
5, 2000 to the date of issuance of the bonds. The MPSC concluded that PA 141 did
not intend that the effect of the residential rate reduction prior to the order
be securitized. Therefore, the MPSC did not approve Detroit Edisons request for
deferral from June 5, 2000 to November 2, 2000. Savings resulting from
securitization are, by statute, to be utilized as available in the following
priority order: the 5% residential rate reduction, rate reductions for other
customers up to 5%, funding of the low income/energy efficiency fund, and to pay
for transition costs. To make the order effective, Detroit Edison must file with
the MPSC its understanding of and acceptance of the conditions contained in the
order. Detroit Edison is reviewing the order and is determining whether
interpretive guidance from the MPSC is necessary.

NOTE 4  SHAREHOLDERS EQUITY

The Companys board of directors has authorized the repurchase of up to 10
million common shares, with the current program, which began in February 2000,
tentatively set to not exceed $100 million. Stock purchases are made from time
to time on the open market or through negotiated transactions. All common stock
repurchased will be canceled. During the nine month period ended September 30,
2000, the Company repurchased approximately 2.3 million shares at an aggregate
cost of approximately $70 million.

NOTE 5  SHORT-TERM CREDIT ARRANGEMENTS AND BORROWINGS

At September 30, 2000, Detroit Edison had total short-term credit arrangements
of approximately $509 million under which $142 million of commercial paper was
outstanding. Additionally, Detroit Edison had a $200 million trade receivables
sales agreement under which $200 million was outstanding at September 30, 2000.

At September 30, 2000, DTE Capital had $209 million of commercial paper
outstanding. A $400 million short-term credit arrangement, backed by a Support
Agreement from the Company, provided credit support for this commercial paper.

During the first quarter of 2000, plans were announced to terminate DTE
Capitals operations. Subsequently, the Company assumed all of DTE Capitals
outstanding guarantees. Currently the Company is authorized to issue up to $350
million of new guarantees. At September 30, 2000, the Company had assumed and/or
issued guarantees of various consolidated affiliate obligations of approximately
$230 million.

NOTE 6  FINANCIAL INSTRUMENTS

The Company has entered into a series of forward starting interest rate swaps
and Treasury locks in order to limit the Companys sensitivity to interest rate
fluctuations associated with its anticipated issuance of long-term debt to be
used to finance the

18



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##### Table of Contents



merger with MCN. The Company has designated these instruments as hedges. The
Company expects to issue this debt subsequent to the merger. The forward
starting swaps, which include notional amounts of $250 million and $450 million
in 5 and 10-year maturities, respectively, have a weighted average interest rate
of 7.55% and 7.61%, respectively. The Treasury locks, which include notional
amounts of $50 million and $150 million in 10 and 30-year maturities,
respectively, have a weighted average interest rate of 6.01% and 6.26%,
respectively. At September 30, 2000, the fair value of these derivative
financial instruments indicated an unrealized loss of approximately $35.5
million. The unrealized loss is not reflected in the financial statements at
September 30, 2000, but would be recognized as a deferred item upon issuance of
the anticipated long-term debt. The deferred item would be amortized through
interest expense over the life of the associated long-term debt as a yield
adjustment.

The Companys non-regulated energy marketing subsidiary enters into commitments
to deliver electricity to retail customers outside southeast Michigan. To limit
its exposure to price volatility on the electricity it purchases to fulfill its
commitments, it enters into forward purchase commitments with DTE ET. DTE ET
also enters into forward purchase commitments with third parties to cover its
commitments to deliver electricity to the energy marketing subsidiary. All such
contracts have been designated as hedges of the anticipated sale of electricity
to the energy marketing company and the retail customer, respectively. As such,
unrealized losses on these contracts of $10 million have not been reflected in
the consolidated financial statements at September 30, 2000.

NOTE 7  COMMITMENTS AND CONTINGENCIES

As discussed in the Annual Report, in July 1999, ABATE made a filing with the
MPSC indicating that Detroit Edisons retail rates produce approximately $333
million of excess revenues. Of this amount, approximately $202 million is
related to ABATEs proposed reversal of the December 28, 1998 MPSC Order
authorizing the accelerated amortization of Fermi 2. On June 19, 2000, the MPSC
dismissed with prejudice the complaint filed initially by ABATE in 1997. A Proposal for Decision
issued in March 2000 by an administrative law judge had recommended that Detroit
Edisons electric rates be reduced by approximately $101.6 million. In
dismissing the complaint, the MPSC indicated that adjusting rates would be
inconsistent with PA 141. ABATE has filed a motion with the MPSC requesting
rehearing, asking that the parties be allowed to address whether excess earnings
can be used as an offset against, at least, Electric Choice implementation
costs. The MPSC has not acted on the motion. The Company is unable to predict
the outcome of this proceeding.

As discussed in the Annual Report and the June 30, 2000 Quarterly Report, the
EPA has issued ozone transport regulations and final new air quality standards
relating to ozone and particulate air pollution. In September 1998, the EPA
issued a State Implementation Plan (SIP) call, giving states a year to develop
new regulations to limit nitrogen oxide emissions because of their contribution
to ozone formation. It is estimated that Detroit Edison will incur $460 million
of capital expenditures to comply. In March 2000, the U.S. Court of Appeals D.C.
Circuit ruled in favor of the EPAs SIP call regulations. The new air quality
standards have been upheld in legal challenges in

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##### Table of Contents



the U.S. Court of Appeals but the U.S. Supreme Court has agreed to hear the
appeal. Until the legal issues are resolved it is impossible to predict the full
impact of the new air quality standards. Under the recently enacted Michigan
electric restructuring legislation, beginning January 1, 2004, annual return of
and on this capital expenditure, in excess of current depreciation levels, would
be deferred, in ratemaking, until after the expiration of the rate cap period
presently expected to end December 31, 2005.

NOTE 8  SEGMENT AND RELATED INFORMATION

The Companys reportable business segments are its electric utility, Detroit
Edison, which is engaged in the generation, purchase, transmission, distribution
and sale of electric energy in a 7,600 square mile area in Southeastern
Michigan, and its energy trading company. All Other includes non-regulated energy-related businesses and
services, which develop and manage electricity and other energy-related
projects. Inter-segment
revenues are not material. Income taxes are allocated based on intercompany tax
sharing agreements, which generally allocate the tax benefit of alternate fuels
tax credits and accelerated depreciation to the respective subsidiary, without
regard to the subsidiarys own net income or whether such tax benefits are
realized by the Company. Financial data for business segments are as follows:

|                                      |                    |            |   |       |          |  |         |     |       |  |                  |     |              |  |   |     |   |  |   |       |  |  | 
|------------------------------------- | ------------------ | ---------- | - | ----- | -------- |  | ------- | --- | ----- |  | ---------------- | --- | ------------ |  | - | --- | - |  | - | ----- |  |  | 
|                                      |                    |            |   |       |          |  | Energy  |     |       |  |                  |     |             
|                                      |                    |            |   |       | Electric |  | Trading |     | All   |  | Reconciliations 
|                                      |                    |            |   |       | Utility  |  | Company |     | Other |  | and Eliminations |     | Consolidated
|                                      |                    |            |   |       |          |  |         |     |       |  |                  |     |             
|                                     
|                                     
|                                     
|                                     
|Three Months Ended September 30, 2000 |                    | (Millions)
|                                     
|                                     
|                                     
|                                     
|                                      | Operating revenues |            | $ | 1,109 |          |  | $       | 295 |       |  | $                | 143 |              |  | $ |    |   |  | $ | 1,547 | 
|                                     
|                                     
|                                     
|                                     
|                                      | Net income         |            |   | 76    |          |  |         |    |       |  |                  | 30  |              |  |   | (2  | ) |  |   | 104   | 
|                                     
|                                     
|                                     
|                                     
|Nine Months Ended September 30, 2000 
|                                     
|                                     
|                                     
|                                     
|                                      | Operating revenues |            | $ | 3,129 |          |  | $       | 664 |       |  | $                | 364 |              |  | $ |    |   |  | $ | 4,157 | 
|                                     
|                                     
|                                     
|                                     
|                                      | Net income         |            |   | 264   |          |  |         | 6   |       |  |                  | 68  |              |  |   | (9  | ) |  |   | 329   | 
|                                      |                    |            |   |       |          |  |         |     |       |  |                  |     |              |  |   |     |   |  |   |       |  | 
|                                     
|                                     
|                                     
|                                     
|Three Months Ended September 30, 1999 |                    | (Millions)
|                                     
|                                     
|                                     
|                                     
|                                      | Operating revenues |            | $ | 1,211 |          |  | $       | 108 |       |  | $                | 121 |              |  | $ |    |   |  | $ | 1,440 | 
|                                     
|                                     
|                                     
|                                     
|                                      | Net income         |            |   | 138   |          |  |         | (1  | )     |  |                  | 24  |              |  |   |    |   |  |   | 161   | 
|                                     
|                                     
|                                     
|                                     
|Nine Months Ended September 30, 1999 
|                                     
|                                     
|                                     
|                                     
|                                      | Operating revenues |            | $ | 3,128 |          |  | $       | 184 |       |  | $                | 302 |              |  | $ |    |   |  | $ | 3,614 | 
|                                     
|                                     
|                                     
|                                     
|                                      | Net income         |            |   | 349   |          |  |         | (2  | )     |  |                  | 49  |              |  |   | (10 | ) |  |   | 386   | 
|                                      |                    |            |   |       |          |  |         |     |       |  |                  |     |              |  |   |     |   |  |   |       |  | 

This Quarterly Report on Form 10-Q, including the report of Deloitte & Touche
LLP (on page 21) will automatically be incorporated by reference in the
Prospectuses constituting part of the Registration Statements on Form S-3
(Registration Nos. 33-53207, 33-64296 and 333-65765) of The Detroit Edison
Company and Form S-8 (Registration No. 333-00023), Form S-4 (Registration No.
333-89175) and Form S-3 (Registration No. 33-57545) of DTE Energy Company, filed
under the Securities Act of 1933. Such report of Deloitte & Touche LLP, however,
is not a report or part of the Registration Statement within the meaning of
Sections 7 and 11 of the Securities Act of 1933 and the liability provisions of
Section 11(a) of such Act do not apply.

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##### Table of Contents



Independent Accountants Report

To the Board of Directors and Shareholders of DTE Energy Company and
The Detroit Edison Company

We have reviewed the accompanying condensed consolidated balance sheets of DTE
Energy Company and subsidiaries and of The Detroit Edison Company and
subsidiaries as of September 30, 2000, and the related condensed consolidated
statements of income for the three-month and nine-month periods ended September
30, 2000 and 1999, the condensed consolidated statements of cash flows for the
nine-month periods ended September 30, 2000 and 1999, and the condensed
consolidated statements of changes in shareholders equity for the nine-month
period ended September 30, 2000. These financial statements are the
responsibility of DTE Energy Companys management and of The Detroit Edison
Companys management.

We conducted our reviews in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and of making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with auditing standards generally accepted in the United States of
America, the objective of which is the expression of an opinion regarding the
financial statements taken as a whole. Accordingly, we do not express such an
opinion.

Based on our reviews, we are not aware of any material modifications that should
be made to such condensed consolidated financial statements for them to be in
conformity with accounting principles generally accepted in the United States of
America.

We have previously audited, in accordance with auditing standards generally
accepted in the United States of America, the consolidated balance sheets of DTE
Energy Company and subsidiaries and of The Detroit Edison Company and
subsidiaries as of December 31, 1999, and the related consolidated statements of
income, changes in shareholders equity, and cash flows for the year then ended
(not presented herein); and in our report dated January 26, 2000, we expressed
an unqualified opinion on those consolidated financial statements. In our
opinion, the information set forth in the accompanying condensed consolidated
balance sheets as of December 31, 1999 is fairly stated, in all material
respects, in relation to the consolidated balance sheets from which it has been
derived.

DELOITTE & TOUCHE LLP

Detroit, Michigan
November 13, 2000

21



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##### Table of Contents






Item 2- Managements Discussion and Analysis of Financial Condition
             and Results of Operations.

This analysis for the three and nine months ended September 30, 2000, as
compared to the same periods in 1999, should be read in conjunction with the
condensed consolidated financial statements (unaudited), the accompanying Notes,
the Quarterly Report Notes and the Annual Report Notes.

Detroit Edison is the principal operating subsidiary of the Company and, as
such, unless otherwise identified, this discussion explains material changes in
results of operations of both the Company and Detroit Edison and identifies
recent trends and events affecting both the Company and Detroit Edison.

GROWTH

The Company and Detroit Edison have developed a growth strategy that is expected
to increase earnings growth from the previously achieved 6% to up to 8% over the next
several years. The new anticipated growth rate is expected to be achieved by
doubling of the growth in earnings contributed by non-regulated businesses in
the next three to four years, continued strength of the utility business and
development of technologies such as distributed generation. The growth strategy,
focused on the greater Midwest region, leverages and expands existing assets and
skills and includes a merchant energy business. The merchant energy business
will include optimizing fuel supply and plant operations, broadening coal
marketing and coal tolling efforts, rapidly expanding power marketing and
trading operations, growing an emerging base of non-regulated generation
projects in the Midwest region and capitalizing on MCNs storage and pipeline
assets to serve the rapidly expanding generation sector.

As discussed in Note 2, the Company and MCN have entered into a merger
agreement. The Company expects that completion of the merger will result in the
issuance of approximately 30 million shares of its common stock and
approximately $1.4 billion in external financing. The merger is expected to
create a fully integrated electric and natural gas company that is expected to
strongly support the Companys commitment to a long-term earnings growth rate of
up to 8%. The merger is expected to permit the Company to be responsive to
competitive pressures. The external financing needs of the merger may create a
sensitivity to interest rate changes; and the Company will need to successfully
integrate the two operations in order to be able to service the expected debt
requirements and achieve aggregate operating cost reductions. The delay in the
receipt of regulatory approvals may impact the accretive effect on earnings in
2001 resulting from the proposed transaction. See Notes 2 and 6 for further
discussion of the pending DTE/MCN merger and the financial instruments used to
hedge the interest rate risk associated with financing the merger.

The Companys earnings are largely dependent upon the earnings of Detroit Edison
and the utilization of alternate fuels tax credits generated from non-regulated
businesses. Securitization, discussed in Note 3, is expected to reduce Detroit
Edisons earnings, which may impact the Companys ability to utilize all future
available alternate fuels tax credits. However, if that is the case, the tax
credits may be monetized through sale of interests in projects that generate the
credits.

22



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ELECTRIC INDUSTRY RESTRUCTURING

Michigans Customer Choice and Electricity Reliability Act

See Note 3 for a discussion of Public Acts 141 and 142 of 2000 (PA 141 and PA
142), new legislation signed into effect on June 3, 2000 by Michigan Governor
John Engler.

Michigan Public Service Commission

See Note 3 for a discussion of the November 2, 2000 MPSC order regarding
securitization of Detroit Edisons qualified costs.

On October 24, 2000, the MPSC initiated a case to determine the methodology of
calculating net stranded costs, as required by PA 141. Methods to be considered
include: (1) the relationship of market value to net book value of generation
assets and purchase power contracts, (2) evaluations based on the market price
of power in relation to price assumed by the MPSC in prior orders and (3) any
other method the MPSC considers appropriate. Detroit Edison is unable to
determine the timing or outcome of these proceedings.

Federal Energy Regulatory Commission

On September 28, 2000, the FERC conditionally approved an open access
transmission tariff designed to allow for the collection of $138 million in
annual revenues for transmission services provided by the International
Transmission Company (ITC), a wholly owned subsidiary of Detroit Edison. These
revenues may not be collected until such time as ITC notifies FERC that the
Companys Board of Directors has approved a spin off of the transmission
business to a fully independent transmission company that has no active or
passive ownership interests by the Company or Detroit Edison. The ITC must
become independent within 24 months of the September 28, 2000 order and join a FERC approved
Regional Transmission Organization (RTO) by December 15, 2001; otherwise the
innovative transmission rates will revert back to present tariff rates, and
revenue collected under the new transmission tariff will be refunded back to
customers. If ITC becomes independent, but has not joined an RTO in the required
time frame, the FERC has the authority to assign ITC to an RTO. The Company and
Detroit Edison intend to comply with the FERC rulings. Detroit Edisons
transmission assets net book value is approximately $400 million.

LIQUIDITY AND CAPITAL RESOURCES

Cash From Operating Activities

Net cash from operating activities was lower for the Company and Detroit Edison
due primarily to decreased net income.

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Cash Used for Investing Activities

Net cash used for investing activities was higher for the Company due to
increased non-regulated plant and equipment expenditures.

Net cash used for investing activities was lower for Detroit Edison due to
decreased plant and equipment expenditures.

Cash Used for Financing Activities

Net cash used for financing activities was lower for the Company due primarily
to the issuance of long-term debt and increased short-term borrowings, partially
offset by the redemption of common stock and long-term debt.

Net cash used for financing activities was lower for Detroit Edison due
primarily to increased issuances of long-term debt and restricted cash for debt
redemptions in the prior period, partially offset by decreased short-term
borrowings.

RESULTS OF OPERATIONS

For the three months ended September 30, 2000, the Companys net income was $104
million or $0.73 per common share as compared to $161 million or $1.11 per
common share during the same period in 1999. For the nine months ended September
30, 2000, net income was $329 million or $2.30 per common share compared to $386
million or $2.66 per common share during the same period in 1999.

Due to the fuel clause suspension included in the June 2000 legislation, the
Company expects that the distribution of yearly earnings will shift
significantly. The first and fourth quarters of the year will show higher
earnings, while lower earnings are expected in the second and third quarters. In
addition, the fuel clause suspension may have an impact on earnings, since rates
will no longer be adjusted for changes in fuel and purchased power expenses.

The 2000 three and nine months earnings were lower compared to 1999 due to the
change in seasonality of the Companys earnings, a five percent residential rate
reduction effective with the June 2000 legislation, lower sales and higher
purchased power costs in the utility business. These items were partially offset
by lower operating expenses in the utility and higher non-regulated earnings. A
share repurchase program in 2000 accounted for slight differences in year over
year earnings per common share amounts. The five percent residential rate
reduction will result in a revision of the Companys projection of earnings per
share for 2000 to a range of $3.25 to $3.30.

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##### Table of Contents



Operating Revenues

Operating revenues were $4.16 billion, up approximately 15% from 1999 operating
revenues of $3.61 billion. Operating revenues increased due to the following:

|               |                              |                                                   |                      |            |     |              |     |             |     |     |  | 
|-------------- | ---------------------------- | ------------------------------------------------- | -------------------- | ---------- | --- | ------------ | --- | ----------- | --- | --- |  | 
|               |                              |                                                   |                      |            |     | Three Months |     | Nine Months
|               |                              |                                                   |                      |            |     |              |     |            
|               |                              |                                                   |                      | (Millions)
|              
|              
|              
|              
|Detroit Edison
|              
|              
|              
|              
|               | Rate change                  |                                                   | $                    | (52        | )   |              | $   | (39         | )  
|              
|              
|              
|              
|               | System sales volume and mix  |                                                   |                      | (49        | )   |              |     |            |    
|              
|              
|              
|              
|               | Suspension of PSCR mechanism |                                                   |                      | (7         | )   |              |     | 39          |    
|              
|              
|              
|              
|               | Wholesale sales              |                                                   |                      | 4          |     |              |     | (6          | )  
|              
|              
|              
|              
|               | Other  net                  |                                                   |                      | 2          |     |              |     | 7           |    
|               |                              |                                                   |                      |            |     |              |     |            
|               |                              |                                                   | Total Detroit Edison |            |     | (102         | )   |             |     | 1   | 
|               |                              |                                                   |                      |            |     |              |     |            
|Non-regulated 
|              
|              
|              
|              
|               | DTE Energy Resources         |                                                   |                      | 13         |     |              |     | 55          |    
|              
|              
|              
|              
|               |                              | (excluding DTE Energy Trading)
DTE Energy Trading |                      |            | 187 |              |     |             | 480 |    
|              
|              
|              
|              
|               | Other  net                  |                                                   |                      | 9          |     |              |     | 7           |    
|               |                              |                                                   |                      |            |     |              |     |            
|               |                              |                                                   | Total Non-Regulated  |            |     | 209          |     |             |     | 542 | 
|               |                              |                                                   |                      |            |     |              |     |            
|Total          |                              | $                                                 | 107                  |            |     | $            | 543 |            
|               |                              |                                                   |                      |            |     |              |     |            

Detroit Edison kWh sales increased (decreased) as compared to the prior year as
follows:

|                                            |              |  |        |      |        |  |       |      |  
|------------------------------------------- | ------------ |  | ------ | ---- | ------ |  | ----- | ---- | -
|                                            |              |  | Three  |      | Nine  
|                                            |              |  | Months |      | Months
|                                            |              |  |        |      |       
|Residential                                 |              |  | (8.4)  | %    |        |  | (3.0) | %   
|                                           
|                                           
|                                           
|                                           
|Commercial                                  |              |  | 0.1    |      |        |  | 0.3   |     
|                                           
|                                           
|                                           
|                                           
|Industrial                                  |              |  | (0.8   | )    |        |  | 5.8   |     
|                                           
|                                           
|                                           
|                                           
|Other (includes primarily sales for resale) |              |  | (0.8   | )    |        |  | 2.2   |     
|                                           
|                                           
|                                           
|                                           
|                                            | Total System |  |        | (2.7 | )      |  |       | 1.1  |  
|                                           
|                                           
|                                           
|                                           
|Wholesale sales                             |              |  | 29.9   |      |        |  | (38.7 | )   
|                                           
|                                           
|                                           
|                                           
|                                            | Total        |  |        | (1.3 | )      |  |       | (1.3 | )

Operating Expenses

Fuel and Purchased Power

Fuel and purchased power expense increased for the Company due primarily to
non-regulated subsidiary expenses, principally energy trading operations.
Detroit Edison fuel and purchased power expense increased due to increased
purchases of energy. The increased costs were incurred to ensure the
availability of power by purchasing contracts to cover the projected high demand
for electricity expected during the summer. Actual

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demand was lower than expected and Detroit Edison was unable to sell some of its
purchased power contracts. The increased costs are partially offset by lower
coal and nuclear generation costs.

System output and average fuel and purchased power unit costs for Detroit Edison
were as follows:

|                                     |                 |   |              |        |             |   |                    |        |      |   |        |        |  |   |        |        | 
|------------------------------------ | --------------- | - | ------------ | ------ | ----------- | - | ------------------ | ------ | ---- | - | ------ | ------ |  | - | ------ | ------ | 
|                                     |                 |   | Three Months |        | Nine Months
|                                     |                 |   |              |        |            
|                                     |                 |   | 2000         |        | 1999        |   | 2000               |        | 1999
|                                     |                 |   |              |        |             |   |                    |        |     
|                                     |                 |   |              |        |             |   | (Thousands of MWh)
|Power plant generation              
|                                    
|                                    
|                                    
|                                    
|                                     | Fossil          |   |              | 11,556 |             |   |                    | 11,847 |      |   |        | 31,449 |  |   |        | 32,021 | 
|                                    
|                                    
|                                    
|                                    
|                                     | Nuclear         |   |              | 2,422  |             |   |                    | 2,377  |      |   |        | 5,774  |  |   |        | 7,028  | 
|                                    
|                                    
|                                    
|                                    
|Purchased power                      |                 |   | 1,897        |        |             |   | 1,988              |        |      |   | 7,115  |        |  |   | 5,761  |       
|                                     |                 |   |              |        |             |   |                    |        |      |   |        |        |  |   |        |       
|System output                        |                 |   | 15,875       |        |             |   | 16,212             |        |      |   | 44,338 |        |  |   | 44,810 |       
|                                     |                 |   |              |        |             |   |                    |        |      |   |        |        |  |   |        |       
|Average unit cost ($/MWh)
Generation |                 | $ | 12.29        |        |             | $ | 12.80              |        |      | $ | 13.12  |        |  | $ | 12.54  |       
|                                     |                 |   |              |        |             |   |                    |        |      |   |        |        |  |   |        |       
|                                     | Purchased power |   | $            | 138.14 |             |   | $                  | 101.62 |      |   | $      | 67.42  |  |   | $      | 60.38  | 
|                                     |                 |   |              |        |             |   |                    |        |      |   |        |        |  |   |        |       

Operation and Maintenance

The Companys operation and maintenance expenses decreased for the three-month
period and increased for the nine-month period due to the following:

|                           |                                                              |   |            |     |        |   |     |     |  
|-------------------------- | ------------------------------------------------------------ | - | ---------- | --- | ------ | - | --- | --- | -
|                           |                                                              |   | Three      |     | Nine  
|                           |                                                              |   | Months     |     | Months
|                           |                                                              |   |            |     |       
|                           |                                                              |   | (Millions)
|Detroit Edison             |                                                             
|                          
|                          
|                          
|                          
|                           | Catastrophic storms                                          | $ | (26        | )   |        | $ | (15 | )  
|                          
|                          
|                          
|                          
|                           | Merger                                                       |   |            | 4   |        |   |     | 16  |  
|                          
|                          
|                          
|                          
|                           | Generation reliability and maintenance                       |   |            | (14 | )      |   |     | 6   |  
|                          
|                          
|                          
|                          
|                           | System and customer enhancements                             |   |            | (4  | )      |   |     | (11 | )
|                          
|                          
|                          
|                          
|                           | Year 2000                                                    |   |            | (7  | )      |   |     | (42 | )
|                          
|                          
|                          
|                          
|                           | Other                                                        |   |            | (4  | )      |   |     | 9   |  
|                           |                                                              |   |            |     |        |   |     |    
|                           |                                                              |   | (51        | )   |        |   | (37 | )  
|                          
|                          
|                          
|                          
|Non-regulated subsidiaries |                                                              |  
|                           | Increased level of operations and addition of
new businesses |   | 6          |     |        |   | 44  |    
|                           |                                                              |   |            |     |        |   |     |    
|                           |                                                              | $ | (45        | )   |        | $ | 7   |    
|                           |                                                              |   |            |     |        |   |     |    

Depreciation and Amortization

Depreciation and amortization expense was higher due to higher levels of plant
in service and the accelerated amortization of regulatory assets associated with
unamortized nuclear costs.

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Income Taxes

Income tax expense for the Company decreased for the three and nine month
periods ended September 30, 2000, due primarily to the increased utilization of
alternate fuels tax credits generated from the non-regulated businesses, the
decrease in pre-tax income and adjustments for the filed income tax return.

FORWARD-LOOKING STATEMENTS

Certain information presented herein is based on the expectations of the Company
and Detroit Edison, and, as such, is forward-looking. The Private Securities
Litigation Reform Act of 1995 encourages reporting companies to provide analyses
and estimates of future prospects and also permits reporting companies to point
out that actual results may differ from those anticipated.

Actual results for the Company and Detroit Edison may differ from those expected
due to a number of variables including, but not limited to, interest rates, the
level of borrowings, weather, actual sales, changes in the cost of fuel and
purchased power due to suspension of the PSCR mechanism, the effects of
competition and the phased-in implementation of Electric Choice, the
implementation of utility restructuring in Michigan (which involves pending and
proposed regulatory proceedings, the recovery of stranded costs, and actual and
possible reductions in rates and earnings), environmental and nuclear
requirements, the impact of FERC proceedings and regulations, and contributions
to earnings by non-regulated lines of business. In addition, expected results
will be affected by the Companys pending merger with MCN. While the Company and
Detroit Edison believe that estimates given accurately measure the expected
outcome, actual results could vary materially due to the variables mentioned, as
well as others.

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##### Table of Contents






Item 3  Quantitative and Qualitative Disclosures About Market Risk.

INTEREST RATE RISK

The Company is subject to interest rate risk in conjunction with the anticipated
issuance of long-term debt to be used to finance the merger with MCN. The
Companys exposure to interest rate risk arises from market fluctuations in
interest rates until the date of the anticipated debt issuance. In order to
limit the sensitivity to interest rate fluctuations, the Company has entered
into a series of forward starting interest rate swaps and Treasury locks and
designated such instruments as hedges. See Note 6 for further discussion of
these derivative financial instruments.

A sensitivity analysis model was used to calculate the fair values of the
Companys derivative financial instruments, utilizing applicable market interest
rates in effect at September 30, 2000. The sensitivity analysis involved
increasing and decreasing the market rates by a hypothetical 10% and calculating
the resulting change in the fair values of the interest rate sensitive
instruments. The favorable (unfavorable) changes in fair value are as follows:

|                        |                                |           |  |             |      |             |  |       |       |  
|----------------------- | ------------------------------ | --------- |  | ----------- | ---- | ----------- |  | ----- | ----- | -
|                        |                                |           |  | Assuming    |      | Assuming   
|                        |                                |           |  | A 10%       |      | A 10%      
|                        |                                |           |  | Increase in |      | Decrease in
|                        |                                |           |  | Rates       |      | Rates      
|                        |                                |           |  |             |      |            
|                        |                                |           |  | (Millions) 
|Interest Rate Risk     
|                       
|                       
|                       
|                       
|Interest Rate Sensitive
|                       
|                       
|                       
|                       
|                        | Forward Starting Swap - 5-year |           |  | 5.5         |      |             |  | (8.6  | )    
|                       
|                       
|                       
|                       
|                        | - 10-year                      |           |  | 9.4         |      |             |  | (32.0 | )    
|                       
|                       
|                       
|                       
|                        | Treasury Lock - 10-year        |           |  | 2.0         |      |             |  | (2.1  | )    
|                       
|                       
|                       
|                       
|                        |                                | - 30-year |  |             | 11.7 |             |  |       | (13.6 | )

MARKET RISK

The Company measures the risk inherent in DTE Energy Trading, Inc.s (DTE ET)
portfolio utilizing VaR analysis and other methodologies, which simulate forward
price curves in electric power markets to quantify estimates of the magnitude
and probability of potential future losses related to open contract positions.
DTE ETs VaR expresses the potential loss in fair value of its forward contract
and option position over a particular period of time, with a specified
likelihood of occurrence, due to an adverse market movement. The Company reports
VaR as a percentage of its earnings, based on a 95% confidence interval,
utilizing 10 day holding periods. As of September 30, 2000, the Companys VaR
from its power marketing and trading activities was less than 1% of the
Companys consolidated Income Before Income Taxes for the nine month period
ended September 30, 2000. The VaR model uses the variance-covariance statistical
modeling technique, and implied and historical volatilities and correlations
over the past 20 day period. The estimated market prices used to value these

28



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##### Table of Contents



transactions for VaR purposes reflect the use of established pricing models and
various factors including quotations from exchanges and over-the-counter
markets, price volatility factors, the time value of money, and location
differentials.

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##### Table of Contents



QUARTERLY REPORT ON FORM 10-Q FOR DTE ENERGY COMPANY




PART II  OTHER INFORMATION

Item 1  Legal Proceedings.

See Detroit Edisons Item 1  Legal Proceedings for discussion of a lawsuit
pending in Wayne County Circuit Court regarding Plug Power, a developer of fuel
cell technology, which is incorporated herein by reference.




Item 5  Other Information.

DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

Effective September 5, 2000, Eric H. Peterson was elected Senior Vice President
and General Counsel. Prior to joining the Company, he was a partner with Worsham
Forsythe Wooldridge LLP of Dallas, Texas for 15 years.

30



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##### Table of Contents






QUARTERLY REPORT ON FORM 10-Q FOR THE DETROIT EDISON COMPANY




PART I  FINANCIAL INFORMATION




Item 1  Condensed Consolidated Financial Statements (Unaudited).

See pages 11 through 15.




Item 2  Managements Discussion and Analysis of Financial Condition and Results
                 of Operations.

See the Companys and Detroit Edisons Item 2  Managements Discussion and
Analysis of Financial Condition and Results of Operations, which is
incorporated herein by this reference.




PART II  OTHER INFORMATION

Item 1  Legal Proceedings.

On September 25, 2000, an order was entered in Coch, et al v. Detroit Edison
(Circuit Court for Wayne County, Michigan), a lawsuit involving
employment-related claims of discrimination, denying plaintiffs motion for
class certification. An appeal of this motion has been filed.

A hearing on a motion for class certification is scheduled in
November 2000 in Lotharp, et al v. Detroit Edison (Circuit Court for Wayne
County, Michigan), a lawsuit brought by employment applicants claiming
race/ethnic and gender-based discrimination in Detroit Edisons employment
testing programs.

Edison Development Corporation, a Company subsidiary, is an investor in Plug
Power, a developer of fuel cell technology. DCT, Inc. v. Detroit
Edison, et al (Circuit Court for Wayne County, Michigan) is a pending
lawsuit
 claiming breach of a
nondisclosure agreement and a letter of intent as well as misappropriation of
trade secrets in connection with the evaluation and eventual investment by Plug
Power in fuel cell technology. Plug Power and Edison Development are
co-defendants. Discovery is underway. Detroit Edison believes all claims are
without merit and is vigorously defending the action.




Item 5  Other Information.

A collective bargaining agreement which expired in August 2000 was extended
until September 2005 for 572 Detroit Edison employees represented by Local 17 of
the International Brotherhood of Electrical Workers.

As discussed in the Annual Report, in January 1999, the Department of Justice
(DOJ) on behalf of the EPA sent Detroit Edison a Demand Letter requiring the
payment of $2.3 million in civil penalties and an unconditional commitment to
abandon the use of the Conners Creek Power Plant as a coal-fired facility. In
the face of Detroit Edisons

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rejection, the DOJ/EPA filed suit. In March 1999, the United States District
Court for the Eastern District of Michigan issued an Interim Remedial Order
which allowed the company to convert the plant and operate it as a gas-fired
facility. This was accomplished in time for the Conners Creek Power Plant to
help meet record electricity demand in the summer of 1999. Detroit Edison has
continued to try to resolve the remaining outstanding issues through settlement
discussions. Tentative agreement has been reached with the parties and Detroit
Edison has proposed to pay a settlement amount of $450,000.

The EPA has initiated enforcement actions against several major electric
utilities citing violations of new source provisions of the Clean Air Act.
Detroit Edison has received and responded to information requests from the EPA
on this subject. It is impossible at this time to predict the future impact of
this issue upon Detroit Edison.

Detroit Edison will proceed with the radiological decommissioning of Fermi 1
over the next five to seven years. The cost of such decommissioning is estimated
at $34 million. Detroit Edison anticipates that there are sufficient funds
available in the Fermi 1 Nuclear Decommissioning Trust Fund to pay the costs of
its planned decommissioning activities.

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##### Table of Contents






QUARTERLY REPORTS ON FORM 10-Q FOR
DTE ENERGY COMPANY AND THE DETROIT EDISON COMPANY




Item 6  Exhibits and Reports on Form 8-K.

(a) Exhibits



| |  | (i) Exhibits filed herewith.
| |  | ----------------------------

|        |  |                                                                                         |  |  |  | 
|------- |  | --------------------------------------------------------------------------------------- |  |  |  | 
|Exhibit
|Number 
|       
|4-208   |  | Amendment, dated October 24, 2000, to the Standby                                      
|       
|       
|       
|       
|        |  | Note Purchase Credit Facility, dated as of October 26,                                 
|       
|       
|       
|       
|        |  | 1999, among Detroit Edison, the banks party thereto,                                   
|       
|       
|       
|       
|        |  | and Barclays Bank PLC, as Administrative Agent.                                        
|       
|       
|       
|       
|4-209   |  | First Amendment, dated as of July 17, 2000, to the                                     
|       
|       
|       
|       
|        |  | First Supplemental Indenture, dated as of June 30,                                     
|       
|       
|       
|       
|        |  | 1993, to the Collateral Trust Indenture (Notes), dated                                 
|       
|       
|       
|       
|        |  | as of June 30, 1993.                                                                   
|       
|       
|       
|       
|4-210   |  | Supplemental Indenture, dated as of August 1,                                          
|       
|       
|       
|       
|        |  | 2000, between Detroit Edison and First Chicago Trust                                   
|       
|       
|       
|       
|        |  | Company of New York, establishing the 2000 Series BP                                   
|       
|       
|       
|       
|        |  | Mortgage Deed.                                                                         
|       
|       
|       
|       
|10-39   |  | Certain Arrangements Relating to the Employment of Eric H. Peterson.                   
|       
|       
|       
|       
|11-20 - |  | DTE Energy Company Basic and Diluted Earnings Per Share of                             
|       
|       
|       
|       
|        |  | Common Stock.                                                                          
|       
|       
|       
|       
|12-26 - |  | DTE Energy Company Computation of Ratio of Earnings to                                 
|       
|       
|       
|       
|        |  | Fixed Charges.                                                                         
|       
|       
|       
|       
|12-27 - |  | The Detroit Edison Company Computation of Ratio of                                     
|       
|       
|       
|       
|        |  | Earnings to Fixed Charges.                                                             
|       
|       
|       
|       
|15-15 - |  | Awareness Letter of Deloitte & Touche LLP regarding                                    
|       
|       
|       
|       
|        |  | their report dated November 13, 2000.                                                  
|       
|       
|       
|       
|27-37 - |  | Financial Data Schedule for the period ended September 30, 2000 for DTE Energy Company.
|       
|       
|       
|       
|27-38 - |  | Financial Data Schedule for the period ended September 30, 2000 for The Detroit Edison 
|       
|       
|       
|       
|        |  | Company.                                                                               

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|        |  |                                                        |  |  |  | 
|------- |  | ------------------------------------------------------ |  |  |  | 
|       
|       
|       
|       
|99-36 - |  | Eighth Amendment, dated as of August 24, 2000, to     
|       
|       
|       
|       
|        |  | the $200,000,000 364-Day Credit Agreement, dated as of
|       
|       
|       
|       
|        |  | September 1, 1993, as amended, among Detroit Edison,  
|       
|       
|       
|       
|        |  | Renaissance, the Banks party thereto and Barclays Bank
|       
|       
|       
|       
|        |  | PLC, New York Branch, as agent.                       
|       
|       
|       
|       
|99-37 - |  | Order, dated November 2, 2000, of the Michigan Public 
|       
|       
|       
|       
|        |  | Service Commission in U-12478.                        
|       
|       
|       
|       
|(ii)    |  | Exhibits incorporated herein by reference.            
|       
|       
|       
|       
|2(a) -  |  | Agreement and Plan of Merger, among DTE Energy, MCN   
|       
|       
|       
|       
|        |  | Energy Group, Inc. and DTE Enterprises, Inc., dated   
|       
|       
|       
|       
|        |  | as of October 4, 1999 and amended as of November 12,  
|       
|       
|       
|       
|        |  | 1999. (Exhibit 2-1 to Form 10-K for the year ended    
|       
|       
|       
|       
|        |  | December 31, 1999.)                                   
|       
|       
|       
|       
|3(a) -  |  | Amended and Restated Articles of Incorporation of     
|       
|       
|       
|       
|        |  | DTE Energy Company Energy Company dated December 13,  
|       
|       
|       
|       
|        |  | 1995. (Exhibit 3-5 to Form 10-Q for quarter ended     
|       
|       
|       
|       
|        |  | September 30, 1997.)                                  
|       
|       
|       
|       
|3(b) -  |  | Certificate of Designation of Series A Junior         
|       
|       
|       
|       
|        |  | Participating Preferred Stock of DTE Energy Company.  
|       
|       
|       
|       
|        |  | (Exhibit 3-6 to Form 10-Q for quarter ended           
|       
|       
|       
|       
|        |  | September 30, 1997.)                                  
|       
|       
|       
|       
|3(c) -  |  | Restated Articles of Incorporation of Detroit         
|       
|       
|       
|       
|        |  | Edison, as filed December 10,1991 with the State of   
|       
|       
|       
|       
|        |  | Michigan, Department of Commerce  Corporation and    
|       
|       
|       
|       
|        |  | Securities Bureau (Exhibit 3-13 to Form 10-Q for      
|       
|       
|       
|       
|        |  | quarter ended June 30, 1999.)                         
|       
|       
|       
|       
|3(d) -  |  | Articles of Incorporation of DTE Enterprises, Inc.    
|       
|       
|       
|       
|        |  | (Exhibit 3.5 to Registration No. 333-89175.)          
|       
|       
|       
|       
|3(e) -  |  | Rights Agreement, dated as of September 23, 1997, by  
|       
|       
|       
|       
|        |  | and between DTE Energy Company and The Detroit        
|       
|       
|       
|       
|        |  | Edison Company, as Rights Agent (Exhibit 4-1 to DTE   
|       
|       
|       
|       
|        |  | Energy Company Current Report on Form 8-K, dated      
|       
|       
|       
|       
|        |  | September 23, 1997.)                                  
|       
|       
|       
|       
|3(f) -  |  | Agreement and Plan of Exchange (Exhibit 1(2) to DTE   
|       
|       
|       
|       
|        |  | Energy Form 8-B filed January 2, 1996, File No.       
|       
|       
|       
|       
|        |  | 1-11607.)                                             
|       
|       
|       
|       
|3(g) -  |  | Bylaws of DTE Energy Company, as amended through      
|       
|       
|       
|       
|        |  | September 22, 1999. (Exhibit 3-3 to Registration No.  
|       
|       
|       
|       
|        |  | 333-89175.)                                           
|       
|       
|       
|       
|3(h) -  |  | Bylaws of The Detroit Edison Company, as amended      
|       
|       
|       
|       
|        |  | through September 22, 1999. (Exhibit 3-14 to Form     
|       
|       
|       
|       
|        |  | 10-Q for quarter ended September 30, 1999.)           
|       
|       
|       
|       
|3(i) -  |  | Bylaws of DTE Enterprises, Inc. (Exhibit 3.6 to       
|       
|       
|       
|       
|        |  | Registration No. 333-89175.)                          

34



---



##### Table of Contents



|       |  |                                                     
|------ |  | ----------------------------------------------------
|      
|      
|      
|      
|4(a) - |  | Mortgage and Deed of Trust, dated as of October 1,  
|      
|      
|      
|      
|       |  | 1924, between Detroit Edison (File No. 1-2198) and  
|      
|      
|      
|      
|       |  | Bankers Trust Company as Trustee (Exhibit B-1 to    
|      
|      
|      
|      
|       |  | Registration No. 2-1630) and indentures supplemental
|      
|      
|      
|      
|       |  | thereto, dated as of dates indicated below, and     
|      
|      
|      
|      
|       |  | filed as exhibits to the filings as set forth below:

|                  |  |                                                                
|----------------- |  | ---------------------------------------------------------------
|September 1, 1947 |  | Exhibit B-20 to Registration No. 2-7136                        
|                 
|                 
|                 
|                 
|November 15, 1971 |  | Exhibit 2-B-38 to Registration No. 2-42160                     
|                 
|                 
|                 
|                 
|January 15, 1973  |  | Exhibit 2-B-39 to Registration No. 2-46595                     
|                 
|                 
|                 
|                 
|June 1, 1978      |  | Exhibit 2-B-51 to Registration No. 2-61643                     
|                 
|                 
|                 
|                 
|June 30, 1982     |  | Exhibit 4-30 to Registration No. 278941                        
|                 
|                 
|                 
|                 
|August 15, 1982   |  | Exhibit 4-32 to Registration No. 2-79674                       
|                 
|                 
|                 
|                 
|October 15, 1985  |  | Exhibit 4-170 to Form 10-K for year ended
December 31, 1994    
|                 
|                 
|                 
|                 
|November 30, 1987 |  | Exhibit 4-139 to Form 10-K for year ended
December 31, 1992    
|                 
|                 
|                 
|                 
|July 15, 1989     |  | Exhibit 4-171 to Form 10-K for year ended
December 31, 1994    
|                 
|                 
|                 
|                 
|December 1, 1989  |  | Exhibit 4-172 to Form 10-K for year ended
December 31, 1994    
|                 
|                 
|                 
|                 
|February 15, 1990 |  | Exhibit 4-173 to Form 10-K for year ended
December 31, 1994    
|                 
|                 
|                 
|                 
|April 1, 1991     |  | Exhibit 4-15 to Form 10-K for year Ended
December 31, 1996     
|                 
|                 
|                 
|                 
|November 1, 1991  |  | Exhibit 4-181 to Form 10-K for year ended
December 31, 1996    
|                 
|                 
|                 
|                 
|January 15, 1992  |  | Exhibit 4-182 to Form 10-K for year
ended December 31, 1996    
|                 
|                 
|                 
|                 
|February 29, 1992 |  | Exhibit 4-187 to Form 10-Q for
Quarter ended March 31, 1998    
|                 
|                 
|                 
|                 
|April 15, 1992    |  | Exhibit 4-188 to Form 10-Q for
quarter ended March 31, 1998    
|                 
|                 
|                 
|                 
|July 15, 1992     |  | Exhibit 4-189 to Form 10-Q for Quarter
ended March 31, 1998    
|                 
|                 
|                 
|                 
|July 31, 1992     |  | Exhibit 4-190 to Form 10-Q for quarter
ended September 30, 1992
|                 
|                 
|                 
|                 
|January 1, 1993   |  | Exhibit 4-131 to Registration No. 33
56496                     
|                 
|                 
|                 
|                 
|March 1, 1993     |  | Exhibit 4-191 to Form 10-Q for
quarter ended March 31, 1998    
|                 
|                 
|                 
|                 
|March 15, 1993    |  | Exhibit 4-192 to Form 10-Q for
Quarter ended March 31, 1998    
|                 
|                 
|                 
|                 
|April 1, 1993     |  | Exhibit 4-143 to Form 10-Q for quarter
ended March 31, 1993    
|                 
|                 
|                 
|                 
|April 26, 1993    |  | Exhibit 4-144 to Form 10-Q for
quarter ended March 31, 1993    

35



---



##### Table of Contents



|                   |  |                                                                            
|------------------ |  | ---------------------------------------------------------------------------
|                  
|                  
|                  
|                  
|May 31, 1993       |  | Exhibit 4-148 to Registration No. 33
64296                                 
|                  
|                  
|                  
|                  
|June 30, 1993      |  | Exhibit 4-149 to Form 10-Q for quarter
ended June 30, 1993 (1993 Series AP)
|                  
|                  
|                  
|                  
|June 30, 1993      |  | Exhibit 4-150 to Form 10-Q
for quarter ended June 30, 1993 (1993
Series H) 
|                  
|                  
|                  
|                  
|September 15, 1993 |  | Exhibit 4-158 to Form 10-Q for
quarter ended September 30, 1993            
|                  
|                  
|                  
|                  
|March 1, 1994      |  | Exhibit 4-163 to Registration No.
33-53207                                 
|                  
|                  
|                  
|                  
|June 15, 1994      |  | Exhibit 4-166 to Form 10-Q for
quarter ended June 30, 1994                 
|                  
|                  
|                  
|                  
|August 15, 1994    |  | Exhibit 4-168 to Form 10-Q for quarter
ended September 30, 1994            
|                  
|                  
|                  
|                  
|December 1, 1994   |  | Exhibit 4-169 to Form 10-K for year ended
December 31, 1994                
|                  
|                  
|                  
|                  
|August 1, 1995     |  | Exhibit 4-174 to Form 10-Q for quarter
ended September 30, 1995            
|                  
|                  
|                  
|                  
|August 1, 1999     |  | Exhibit 4-204 to Form 10-Q for quarter
ended September 30, 1999            
|                  
|                  
|                  
|                  
|August 15, 1999    |  | Exhibit 4-205 to Form 10-Q for quarter
ended September 30, 1999            
|                  
|                  
|                  
|                  
|January 1, 2000    |  | Exhibit 4-205 to Form 10-K for year ended
December 31, 1999                
|                  
|                  
|                  
|                  
|April 15, 2000     |  | Exhibit 206 to Form 10-Q for quarter
ended March 31, 2000.                 

|       |  |                                                     
|------ |  | ----------------------------------------------------
|4(b) - |  | Collateral Trust Indenture (notes), dated as of June
|      
|      
|      
|      
|       |  | 30, 1993 (Exhibit 4-152 to Registration No.         
|      
|      
|      
|      
|       |  | 33-50325).                                          
|      
|      
|      
|      
|4(c) - |  | First Supplemental Note Indenture, dated as of June 
|      
|      
|      
|      
|       |  | 30, 1993 (Exhibit 4-153 to Registration No.         
|      
|      
|      
|      
|       |  | 33-50325).                                          
|      
|      
|      
|      
|4(d) - |  | Second Supplemental Note Indenture, dated as of     
|      
|      
|      
|      
|       |  | September 15, 1993 (Exhibit 4-159 to Form 10-Q for  
|      
|      
|      
|      
|       |  | quarter ended September 30, 1993).                  

| |  | 
| |  | 

36



---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|4(e) -  |  | First Amendment, dated as of August 15, 1996, to
Second Supplemental Note Indenture (Exhibit 4-17 to
Form 10-Q for quarter ended September 30, 1996).                                                                                                                                                                                                                                                                                      
|       
|       
|       
|       
|4(f) -  |  | Third Supplemental Note Indenture, dated as of
August 15, 1994 (Exhibit 4-169 to Form 10-Q for
quarter ended September 30, 1994).                                                                                                                                                                                                                                                                                                          
|       
|       
|       
|       
|4(g) -  |  | First Amendment, dated as of December 12, 1995, to
Third Supplemental Note Indenture, dated as of
August 15, 1994 (Exhibit 4-12 to Registration No.
333-00023).                                                                                                                                                                                                                                                                            
|       
|       
|       
|       
|4(h) -  |  | Sixth Supplemental Note Indenture, dated as of May
1, 1998, between Detroit Edison and Bankers Trust
Company, as Trustee, creating the 7.54% Quarterly
Income Debt Securities (QUIDS), including form of
QUIDS. (Exhibit 4-193 to Form 10-Q for quarter ended
June 30, 1998.)                                                                                                                                                            
|       
|       
|       
|       
|4(i) -  |  | Seventh Supplemental Note Indenture, dated as of
October 15, 1998, between Detroit Edison and Bankers
Trust Company, as Trustee, creating the 7.375%
QUIDS, including form of QUIDS. (Exhibit 4-198 to
Form 10-K for year ended December 31, 1998.)                                                                                                                                                                                        
|       
|       
|       
|       
|4-(j) - |  | Eighth Supplemental Indenture, dated as of April 15,
2000, appointing Bank One Trust Company of New York
as Trustee under the Detroit Edison Trust Indenture
(Notes), dated as of June 30, 1993. (Exhibit 4-207
to form 10-Q for the quarter ended March 31, 2000.)                                                                                                                                                                        
|       
|       
|       
|       
|4(k) -  |  | Standby Note Purchase Credit Facility, dated as of
August 17, 1994, among The Detroit Edison Company,
Barclays Bank PLC, as Bank and Administrative Agent,
Bank of America, The Bank of New York, The Fuji Bank
Limited, the Long-Term Credit Bank of Japan, LTD,
Union Bank and Citicorp Securities, Inc. and First
Chicago Capital Markets, Inc. as Remarketing Agents
(Exhibit 99-18 to Form 10-Q for quarter ended
September 30, 1994.)
|       
|       
|       
|       
|4(l) -  |  | $60,000,000 Support Agreement dated as of January
21, 1998 between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-183 to Form 10-K for year
ended December 31, 1997.)                                                                                                                                                                                                                                                          
|       
|       
|       
|       
|4(m) -  |  | $100,000,000 Support Agreement, dated as of June 16,
1998, between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-194 to Form 10-Q for quarter
ended June 30, 1998.)                                                                                                                                                                                                                                                           
|       
|       
|       
|       
|4(n) -  |  | $300,000,000 Support Agreement, dated as of November
18, 1998, between DTE Energy and DTE Capital
Corporation. (Exhibit 4-199 to Form 10-K for year
ended December 31, 1998.)                                                                                                                                                                                                                                                              

37



---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                    
|------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|       
|       
|       
|4(0) -  |  | $400,000,000 Support Agreement, dated as of January
19, 1999, between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-201 to Form 10-K for year
ended December 31, 1998.)                                                                                               
|       
|       
|       
|       
|4(p) -  |  | $40,000,000 Support Agreement, dated as of February
24, 1999 between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-202 to Form 10-Q for quarter
ended March 31, 1999.)                                                                                                
|       
|       
|       
|       
|4(q) -  |  | $50,000,000 Support Agreement, dated as of June 10,
1999 between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-203 to Form 10-Q for quarter
ended June 30, 1999.)                                                                                                     
|       
|       
|       
|       
|4(r) -  |  | Indenture, dated as of June 15, 1998, between DTE
Capital Corporation and The Bank of New York, as
Trustee. (Exhibit 4-196 to Form 10-Q for quarter
ended June 30, 1998.)                                                                                                          
|       
|       
|       
|       
|4(s) -  |  | First Supplemental Indenture, dated as of June 15,
1998, between DTE Capital Corporation and The Bank of
New York, as Trustee, creating the $100,000,000
Remarketed Notes, Series A due 2038, including form
of Note. (Exhibit 4-197 to Form 10-Q for quarter
ended June 30, 1998.)
|       
|       
|       
|       
|4(t) -  |  | Second Supplemental Indenture, dated as of November
1,1998, between DTE Capital Corporation and The Bank
of New York, as Trustee, creating the $300,000,000
Remarketed Notes, 1998 Series B, including form of
Note. (Exhibit 4-200 to Form 10-K for year ended
December 31, 1998.)
|       
|       
|       
|       
|99(a) - |  | Belle River Participation Agreement between Detroit
Edison and Michigan Public Power Agency, dated as of
December 1, 1982 (Exhibit 28-5 to Registration No.
2-81501).                                                                                                              
|       
|       
|       
|       
|99(b) - |  | Belle River Transmission Ownership and Operating
Agreement between Detroit Edison and Michigan Public
Power Agency, dated as of December 1, 1982 (Exhibit
28-6 to Registration No. 2-81501).                                                                                       
|       
|       
|       
|       
|99(c) - |  | 1988 Amended and Restated Loan Agreement, dated as
of October 4, 1988, between Renaissance Energy
Company (an unaffiliated company) (Renaissance)
and Detroit Edison (Exhibit 99-6 to Registration No.
33-50325).                                                                
|       
|       
|       
|       
|99(d) - |  | First Amendment to 1988 Amended and Restated Loan
Agreement, dated as of February 1, 1990, between
Detroit Edison and Renaissance (Exhibit 99-7 to
Registration No. 33-50325).                                                                                                     
|       
|       
|       
|       
|99(e) - |  | Second Amendment to 1988 Amended and Restated Loan
Agreement, dated as of September 1, 1993, between
Detroit Edison and Renaissance (Exhibit 99-8 to
Registration No. 33-50325).                                                                                                   

38



---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                                                                                
|------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|       
|       
|       
|99(f) - |  | Third Amendment, dated as of August 28, 1997, to
1988 Amended and Restated Loan Agreement between
Detroit Edison and Renaissance. (Exhibit 99-22 to
Form 10-Q for quarter ended September 30, 1997.)                                                                                                                                           
|       
|       
|       
|       
|99(g) - |  | $200,000,000 364-Day Credit Agreement, dated as of
September 1,1993, among Detroit Edison, Renaissance
and Barclays Bank PLC, New York Branch, as Agent
(Exhibit 99-12 to Registration No. 33-50325).                                                                                                                                          
|       
|       
|       
|       
|99(h) - |  | First Amendment, dated as of August 31, 1994, to
$200,000,000 364-Day Credit Agreement, dated
September 1, 1993, among The Detroit Edison Company,
Renaissance Energy Company, the Banks party thereto
and Barclays Bank, PLC, New York Branch, as Agent
(Exhibit 99-19 to Form 10-Q for quarter ended
September 30, 1994).                    
|       
|       
|       
|       
|99(i) - |  | Third Amendment, dated as of March 8, 1996, to
$200,000,000 364-Day Credit Agreement, dated
September 1, 1993, as amended, among Detroit Edison,
Renaissance, the Banks party thereto and Barclays
Bank, PLC, New York Branch, as Agent (Exhibit 99-11
to Form 10-Q for quarter ended March 31, 1996).                                         
|       
|       
|       
|       
|99(j) - |  | Fourth Amendment, dated as of August 29, 1996, to
$200,000,000 364-Day Credit Agreement as of September
1, 1990, as amended, among Detroit Edison,
Renaissance, the Banks party thereto and Barclays
Bank, PLC, New York Branch, as Agent (Exhibit 99-13
to Form 10-Q for quarter ended September 30, 1996).                                   
|       
|       
|       
|       
|99(k) - |  | Fifth Amendment, dated as of September 1, 1997, to
$200,000,000 Multi-Year Credit Agreement, dated as of
September 1, 1993, as amended, among Detroit Edison,
Renaissance, the Banks Party thereto and Barclays
Bank PLC, New York Branch, as Agent. (Exhibit 99-24
to Form 10-Q for quarter ended September 30, 1997.)                        
|       
|       
|       
|       
|99(l) - |  | Seventh Amendment, dated as of August 26, 1999, to
$200,000,000 364-Day Credit Agreement, dated as of
September 1, 1993, as amended among The Detroit
Edison Company, Renaissance Energy Company, the Banks
parties thereto and Barclays Bank PLC, New York
branch as Agent. (Exhibit 99-30 to Form 10-Q for
quarter ended September 30, 1999.)
|       
|       
|       
|       
|99(m) - |  | $200,000,000 Three-Year Credit Agreement, dated
September 1, 1993, among Detroit Edison, Renaissance
and Barclays Bank, PLC, New York Branch, as Agent
(Exhibit 99-13 to Registration No. 33-50325).                                                                                                                                           
|       
|       
|       
|       
|99(n) - |  | First Amendment, dated as of September 1, 1994, to
$200,000,000 Three-Year Credit Agreement, dated as of
September 1, 1993, among The Detroit Edison Company,
Renaissance Energy                                                                                                                                                               

39



---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                                                                                                    
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|       
|       
|       
|        |  | Company, the Banks party thereto and Barclays Bank,
PLC, New York Branch, as Agent (Exhibit 99-20 to
Form 10-Q for quarter ended September 30, 1994).                                                                                                                                                                                                              
|       
|       
|       
|       
|99(o) - |  | Third Amendment, dated as of March 8, 1996, to
$200,000,000 Three-Year Credit Agreement, dated
September 1, 1993, as amended among Detroit Edison,
Renaissance, the Banks party thereto and Barclays
Bank, PLC, New York Branch, as Agent (Exhibit 99-12
to Form 10-Q for quarter ended March 31, 1996).                                                           
|       
|       
|       
|       
|99(p) - |  | Fourth Amendment, dated as of September 1, 1996, to
$200,000,000 Multi-Year (formerly Three-Year) Credit
Agreement, dated as of September 1, 1993, as amended
among Detroit Edison, Renaissance, the Banks party
thereto and Barclays Bank, PLC, New York Branch, as
Agent (Exhibit 99-14 to Form 10-Q for quarter ended
September 30, 1996).                      
|       
|       
|       
|       
|99(q) - |  | Fifth Amendment, dated as of August 28, 1997, to
$200,000,000 364-Day Credit Agreement, dated as of
September 1, 1990, as amended, among Detroit Edison,
Renaissance, the Banks Party thereto and Barclays
Bank PLC, New York Branch, as Agent. (Exhibit 99-25
to Form 10-Q for quarter ended September 30, 1997.)                                                 
|       
|       
|       
|       
|99(r) - |  | Sixth Amendment, dated as of August 27, 1998, to
$200,000,000 364-Day Credit Agreement dated as of
September 1, 1990, as amended, among Detroit Edison,
Renaissance, the Banks party thereto and Barclays
Bank PLC, New York Branch, as agent. (Exhibit 99-32
to Registration No. 333-65765.)                                                                      
|       
|       
|       
|       
|99(s) - |  | 1988 Amended and Restated Nuclear Fuel Heat Purchase
Contract, dated October 4, 1988, between Detroit
Edison and Renaissance (Exhibit 99-9 to Registration
No. 33-50325).                                                                                                                                                                                          
|       
|       
|       
|       
|99(t) - |  | First Amendment to 1988 Amended and Restated Nuclear
Fuel Heat Purchase Contract, dated as of February 1,
1990, between Detroit Edison and Renaissance
(Exhibit 99-10 to Registration No. 33-50325).                                                                                                                                                               
|       
|       
|       
|       
|99(u) - |  | Eighth Amendment, dated as of August 26, 1999 to
1988 Amended and Restated Nuclear Fuel heat Purchase
Contract between Detroit Edison and Renaissance
Energy Company. (Exhibit 99-31 to Form 10-Q for
quarter ended September 30, 1999.)                                                                                                                           
|       
|       
|       
|       
|99(v) - |  | U.S. $160,000,000 Standby Note Purchase Credit
Facility, dated as of October 26, 1999, among
Detroit Edison, the Banks signatory thereto,
Barclays Bank PLC, as Administrative Agent and
Barclays Capital Inc., Lehman Brothers Inc. and Banc
One Capital Markets, Inc., as Remarketing Agents.
(Exhibit 99-29 to Form 10-Q for quarter ended
September 30, 1999.)

40



---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|       
|       
|       
|99(w) - |  | Standby Note Purchase Credit Facility, dated as of
September 12, 1997, among The Detroit Edison Company
and the Banks Signatory thereto and The Chase
Manhattan Bank, as Administrative Agent, and
Citicorp Securities, Inc., Lehman Brokers, Inc., as
Remarketing Agents and Chase Securities, Inc. as
Arranger. (Exhibit 99-26 to Form 10-Q for quarter
ended September 30, 1997.)                                                               
|       
|       
|       
|       
|99(x) - |  | Third Amended and Restated Credit Agreement, Dated
as of January 18, 2000 among DTE Capital
Corporation, the Initial Lenders, Citibank, N.A., as
Agent, and ABN AMRO Bank N.V., Bank One N.A.,
Barclays Bank PLC, Bayerische Landesbank
Girozertrale, Cayman Islands Branch, Comerica Bank
and Den Daske Bank Aktieselskab, as Co-Agents.                                                                                                           
|       
|       
|       
|       
|99(y) - |  | First Amendment, dated as of April 5, 2000, to Third
Amended and Restated Credit Agreement, dated as of
January 18, 2000 among DTE Capital Corporation,
certain Lenders, Citibank, N.A., as Agent, and ABN
AMRO Bank N.V., Bank One, N.A., Barclays Bank PLC,
Bayerische Landesbank Girozertrale, Cayman Islands
Branch, Comerica Bank and Den Daske Bank
Aktieselskab, as Co-Agents. (Exhibit 99-33 to Form
10-Q for quarter ended March 31, 2000.)

|    |  |                                                                                                                                                                                                                                                     
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(b) |  | On July 7, 2000, the Company and Detroit Edison filed a
Current Report on Form 8-K discussing Detroit Edisons July 5,
2000 application to the MPSC requesting a securitization
financing order in the amount of up to approximately $1.850 billion.

41



---



##### Table of Contents






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

|     |  |  |                   |  |  |                                       
|---- |  |  | ----------------- |  |  | --------------------------------------
|     |  |  |                   |  |  | DTE ENERGY COMPANY
(Registrant)       
|    
|Date |  |  | November 13, 2000 |  |  | /s/ SUSAN M. BEALE
Susan M. Beale     
|     |  |  |                   |  |  | Vice President and Corporate Secretary
|    
|Date |  |  | November 13, 2000 |  |  | /s/ DAVID E. MEADOR
David E. Meador   
|     |  |  |                   |  |  | Senior Vice President and Treasurer   

42



---



##### Table of Contents






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

|     |  |  |                   |  |  |                                                                         
|---- |  |  | ----------------- |  |  | ------------------------------------------------------------------------
|     |  |  |                   |  |  | THE DETROIT EDISON COMPANY
(Registrant)                                 
|    
|Date |  |  | November 13, 2000 |  |  | /s/ SUSAN M. BEALE
Susan M. Beale
Vice President and Corporate Secretary
|    
|Date |  |  | November 13, 2000 |  |  | /s/ DANIEL G. BRUDZYNSKI
Daniel G. Brudzynski
Controller                

43



---



##### Table of Contents



EXHIBIT INDEX



| |  | (i) Exhibits filed herewith.
| |  | ----------------------------

| |  |         |  |                                                                                                                                                                                                               |  |  |  | 
| |  | ------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  |  |  | 
| |  | Exhibit
| |  | Number 
| |  |        
| |  | 4-208   |  | Amendment, dated October 24, 2000, to the Standby
Note Purchase Credit Facility, dated as of October 26,
1999, among Detroit Edison, the banks party thereto,
and Barclays Bank PLC, as Administrative Agent.
|
|
|
|
| |  | 4-209   |  | First Amendment, dated as of July 17, 2000, to the
First Supplemental Indenture, dated as of June 30,
1993, to the Collateral Trust Indenture (Notes), dated
as of June 30, 1993.                            
|
|
|
|
| |  | 4-210   |  | Supplemental Indenture, dated as of August 1,
2000, between Detroit Edison and First Chicago Trust
Company of New York, establishing the 2000 Series BP
Mortgage Deed.                                       
|
|
|
|
| |  | 10-39   |  | Certain Arrangements Relating to the Employment of Eric H. Peterson.                                                                                                                                         
|
|
|
|
| |  | 11-20 - |  | DTE Energy Company Basic and Diluted Earnings Per Share of
Common Stock.                                                                                                                                     
|
|
|
|
| |  | 12-26 - |  | DTE Energy Company Computation of Ratio of Earnings to
Fixed Charges.                                                                                                                                        
|
|
|
|
| |  | 12-27 - |  | The Detroit Edison Company Computation of Ratio of
Earnings to Fixed Charges.                                                                                                                                
|
|
|
|
| |  | 15-15 - |  | Awareness Letter of Deloitte & Touche LLP regarding
their report dated November 13, 2000.                                                                                                                    
|
|
|
|
| |  | 27-37 - |  | Financial Data Schedule for the period ended September 30, 2000 for DTE Energy Company.                                                                                                                      
|
|
|
|
| |  | 27-38 - |  | Financial Data Schedule for the period ended September 30, 2000 for The Detroit Edison
Company.                                                                                                              





---



##### Table of Contents



| |  |         |  |                                                                                                                                                                                                                                                      |  |  |  | 
| |  | ------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  |  |  | 
|
|
|
|
| |  | 99-36 - |  | Eighth Amendment, dated as of August 24, 2000, to
the $200,000,000 364-Day Credit Agreement, dated as of
September 1, 1993, as amended, among Detroit Edison,
Renaissance, the Banks party thereto and Barclays Bank
PLC, New York Branch, as agent.
|
|
|
|
| |  | 99-37 - |  | Order, dated November 2, 2000, of the Michigan Public
Service Commission in U-12478.                                                                                                                                                                
|
|
|
|
| |  | (ii)    |  | Exhibits incorporated herein by reference.                                                                                                                                                                                                          
|
|
|
|
| |  | 2(a) -  |  | Agreement and Plan of Merger, among DTE Energy, MCN
Energy Group, Inc. and DTE Enterprises, Inc., dated
as of October 4, 1999 and amended as of November 12,
1999. (Exhibit 2-1 to Form 10-K for the year ended
December 31, 1999.)                 
|
|
|
|
| |  | 3(a) -  |  | Amended and Restated Articles of Incorporation of
DTE Energy Company Energy Company dated December 13,
1995. (Exhibit 3-5 to Form 10-Q for quarter ended
September 30, 1997.)                                                                       
|
|
|
|
| |  | 3(b) -  |  | Certificate of Designation of Series A Junior
Participating Preferred Stock of DTE Energy Company.
(Exhibit 3-6 to Form 10-Q for quarter ended
September 30, 1997.)                                                                                 
|
|
|
|
| |  | 3(c) -  |  | Restated Articles of Incorporation of Detroit
Edison, as filed December 10,1991 with the State of
Michigan, Department of Commerce  Corporation and
Securities Bureau (Exhibit 3-13 to Form 10-Q for
quarter ended June 30, 1999.)                 
|
|
|
|
| |  | 3(d) -  |  | Articles of Incorporation of DTE Enterprises, Inc.
(Exhibit 3.5 to Registration No. 333-89175.)                                                                                                                                                     
|
|
|
|
| |  | 3(e) -  |  | Rights Agreement, dated as of September 23, 1997, by
and between DTE Energy Company and The Detroit
Edison Company, as Rights Agent (Exhibit 4-1 to DTE
Energy Company Current Report on Form 8-K, dated
September 23, 1997.)                       
|
|
|
|
| |  | 3(f) -  |  | Agreement and Plan of Exchange (Exhibit 1(2) to DTE
Energy Form 8-B filed January 2, 1996, File No.
1-11607.)                                                                                                                                       
|
|
|
|
| |  | 3(g) -  |  | Bylaws of DTE Energy Company, as amended through
September 22, 1999. (Exhibit 3-3 to Registration No.
333-89175.)                                                                                                                                   
|
|
|
|
| |  | 3(h) -  |  | Bylaws of The Detroit Edison Company, as amended
through September 22, 1999. (Exhibit 3-14 to Form
10-Q for quarter ended September 30, 1999.)                                                                                                      
|
|
|
|
| |  | 3(i) -  |  | Bylaws of DTE Enterprises, Inc. (Exhibit 3.6 to
Registration No. 333-89175.)                                                                                                                                                                        





---



##### Table of Contents



|       |  |                                                                                                                                                                                                                                                                                                                  |  |  |  | 
|------ |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  |  |  | 
|      
|      
|      
|      
|4(a) - |  | Mortgage and Deed of Trust, dated as of October 1,
1924, between Detroit Edison (File No. 1-2198) and
Bankers Trust Company as Trustee (Exhibit B-1 to
Registration No. 2-1630) and indentures supplemental
thereto, dated as of dates indicated below, and
filed as exhibits to the filings as set forth below:

| |                   |  |                                                                
| | ----------------- |  | ---------------------------------------------------------------
| | September 1, 1947 |  | Exhibit B-20 to Registration No. 2-7136                        
|
|
|
|
| | November 15, 1971 |  | Exhibit 2-B-38 to Registration No. 2-42160                     
|
|
|
|
| | January 15, 1973  |  | Exhibit 2-B-39 to Registration No. 2-46595                     
|
|
|
|
| | June 1, 1978      |  | Exhibit 2-B-51 to Registration No. 2-61643                     
|
|
|
|
| | June 30, 1982     |  | Exhibit 4-30 to Registration No. 278941                        
|
|
|
|
| | August 15, 1982   |  | Exhibit 4-32 to Registration No. 2-79674                       
|
|
|
|
| | October 15, 1985  |  | Exhibit 4-170 to Form 10-K for year ended
December 31, 1994    
|
|
|
|
| | November 30, 1987 |  | Exhibit 4-139 to Form 10-K for year ended
December 31, 1992    
|
|
|
|
| | July 15, 1989     |  | Exhibit 4-171 to Form 10-K for year ended
December 31, 1994    
|
|
|
|
| | December 1, 1989  |  | Exhibit 4-172 to Form 10-K for year ended
December 31, 1994    
|
|
|
|
| | February 15, 1990 |  | Exhibit 4-173 to Form 10-K for year ended
December 31, 1994    
|
|
|
|
| | April 1, 1991     |  | Exhibit 4-15 to Form 10-K for year Ended
December 31, 1996     
|
|
|
|
| | November 1, 1991  |  | Exhibit 4-181 to Form 10-K for year ended
December 31, 1996    
|
|
|
|
| | January 15, 1992  |  | Exhibit 4-182 to Form 10-K for year
ended December 31, 1996    
|
|
|
|
| | February 29, 1992 |  | Exhibit 4-187 to Form 10-Q for
Quarter ended March 31, 1998    
|
|
|
|
| | April 15, 1992    |  | Exhibit 4-188 to Form 10-Q for
quarter ended March 31, 1998    
|
|
|
|
| | July 15, 1992     |  | Exhibit 4-189 to Form 10-Q for Quarter
ended March 31, 1998    
|
|
|
|
| | July 31, 1992     |  | Exhibit 4-190 to Form 10-Q for quarter
ended September 30, 1992
|
|
|
|
| | January 1, 1993   |  | Exhibit 4-131 to Registration No. 33
56496                     
|
|
|
|
| | March 1, 1993     |  | Exhibit 4-191 to Form 10-Q for
quarter ended March 31, 1998    
|
|
|
|
| | March 15, 1993    |  | Exhibit 4-192 to Form 10-Q for
Quarter ended March 31, 1998    
|
|
|
|
| | April 1, 1993     |  | Exhibit 4-143 to Form 10-Q for quarter
ended March 31, 1993    
|
|
|
|
| | April 26, 1993    |  | Exhibit 4-144 to Form 10-Q for
quarter ended March 31, 1993    

35



---



##### Table of Contents



|       |  |  |  |                                                                                                                                       |  |                                                                             |  |  |  | 
|------ |  |  |  | ------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------- |  |  |  | 
|      
|      
|      
|      
|       |  |  |  | May 31, 1993                                                                                                                          |  | Exhibit 4-148 to Registration No. 33
64296                                 
|      
|      
|      
|      
|       |  |  |  | June 30, 1993                                                                                                                         |  | Exhibit 4-149 to Form 10-Q for quarter
ended June 30, 1993 (1993 Series AP)
|      
|      
|      
|      
|       |  |  |  | June 30, 1993                                                                                                                         |  | Exhibit 4-150 to Form 10-Q
for quarter ended June 30, 1993 (1993
Series H) 
|      
|      
|      
|      
|       |  |  |  | September 15, 1993                                                                                                                    |  | Exhibit 4-158 to Form 10-Q for
quarter ended September 30, 1993            
|      
|      
|      
|      
|       |  |  |  | March 1, 1994                                                                                                                         |  | Exhibit 4-163 to Registration No.
33-53207                                 
|      
|      
|      
|      
|       |  |  |  | June 15, 1994                                                                                                                         |  | Exhibit 4-166 to Form 10-Q for
quarter ended June 30, 1994                 
|      
|      
|      
|      
|       |  |  |  | August 15, 1994                                                                                                                       |  | Exhibit 4-168 to Form 10-Q for quarter
ended September 30, 1994            
|      
|      
|      
|      
|       |  |  |  | December 1,  1994                                                                                                                     |  | Exhibit 4-169 to Form 10-K for year ended
December 31, 1994                
|      
|      
|      
|      
|       |  |  |  | August 1, 1995                                                                                                                        |  | Exhibit 4-174 to Form 10-Q for quarter
ended September 30, 1995            
|      
|      
|      
|      
|       |  |  |  | August 1, 1999                                                                                                                        |  | Exhibit 4-204 to Form 10-Q for quarter
ended September 30, 1999            
|      
|      
|      
|      
|       |  |  |  | August 15,1999                                                                                                                        |  | Exhibit 4-205 to Form 10-Q for quarter
ended September 30, 1999            
|      
|      
|      
|      
|       |  |  |  | January 1, 2000                                                                                                                       |  | Exhibit 4-205 to Form 10-K for year ended
December 31, 1999                
|      
|      
|      
|      
|       |  |  |  | April 15, 2000                                                                                                                        |  | Exhibit 206 to Form 10-Q for quarter
ended March 31, 2000.                 
|      
|      
|      
|      
|4(b) - |  |  |  | Collateral Trust Indenture (notes), dated as of June
30, 1993 (Exhibit 4-152 to Registration No.
33-50325).                          
|      
|      
|      
|      
|4(c) - |  |  |  | First Supplemental Note Indenture, dated as of June
30, 1993 (Exhibit 4-153 to Registration No.
33-50325).                           
|      
|      
|      
|      
|4(d) - |  |  |  | Second Supplemental Note Indenture, dated as of
September 15, 1993 (Exhibit 4-159 to Form 10-Q for
quarter ended September 30, 1993).





---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|4(e) -  |  | First Amendment, dated as of August 15, 1996, to
Second Supplemental Note Indenture (Exhibit 4-17 to
Form 10-Q for quarter ended September 30, 1996).                                                                                                                                                                                                                                                                                      
|       
|       
|       
|       
|4(f) -  |  | Third Supplemental Note Indenture, dated as of
August 15, 1994 (Exhibit 4-169 to Form 10-Q for
quarter ended September 30, 1994).                                                                                                                                                                                                                                                                                                          
|       
|       
|       
|       
|4(g) -  |  | First Amendment, dated as of December 12, 1995, to
Third Supplemental Note Indenture, dated as of
August 15, 1994 (Exhibit 4-12 to Registration No.
333-00023).                                                                                                                                                                                                                                                                            
|       
|       
|       
|       
|4(h) -  |  | Sixth Supplemental Note Indenture, dated as of May
1, 1998, between Detroit Edison and Bankers Trust
Company, as Trustee, creating the 7.54% Quarterly
Income Debt Securities (QUIDS), including form of
QUIDS. (Exhibit 4-193 to Form 10-Q for quarter ended
June 30, 1998.)                                                                                                                                                            
|       
|       
|       
|       
|4(i) -  |  | Seventh Supplemental Note Indenture, dated as of
October 15, 1998, between Detroit Edison and Bankers
Trust Company, as Trustee, creating the 7.375%
QUIDS, including form of QUIDS. (Exhibit 4-198 to
Form 10-K for year ended December 31, 1998.)                                                                                                                                                                                        
|       
|       
|       
|       
|4-(j) - |  | Eighth Supplemental Indenture, dated as of April 15,
2000, appointing Bank One Trust Company of New York
as Trustee under the Detroit Edison Trust Indenture
(Notes), dated as of June 30, 1993. (Exhibit 4-207
to form 10-Q for the quarter ended March 31, 2000.)                                                                                                                                                                        
|       
|       
|       
|       
|4(k) -  |  | Standby Note Purchase Credit Facility, dated as of
August 17, 1994, among The Detroit Edison Company,
Barclays Bank PLC, as Bank and Administrative Agent,
Bank of America, The Bank of New York, The Fuji Bank
Limited, the Long-Term Credit Bank of Japan, LTD,
Union Bank and Citicorp Securities, Inc. and First
Chicago Capital Markets, Inc. as Remarketing Agents
(Exhibit 99-18 to Form 10-Q for quarter ended
September 30, 1994.)
|       
|       
|       
|       
|4(l) -  |  | $60,000,000 Support Agreement dated as of January
21, 1998 between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-183 to Form 10-K for year
ended December 31, 1997.)                                                                                                                                                                                                                                                          
|       
|       
|       
|       
|4(m) -  |  | $100,000,000 Support Agreement, dated as of June 16,
1998, between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-194 to Form 10-Q for quarter
ended June 30, 1998.)                                                                                                                                                                                                                                                           
|       
|       
|       
|       
|4(n) -  |  | $300,000,000 Support Agreement, dated as of November
18, 1998, between DTE Energy and DTE Capital
Corporation. (Exhibit 4-199 to Form 10-K for year
ended December 31, 1998.)                                                                                                                                                                                                                                                              





---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                    
|------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|       
|       
|       
|4(0) -  |  | $400,000,000 Support Agreement, dated as of January
19, 1999, between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-201 to Form 10-K for year
ended December 31, 1998.)                                                                                               
|       
|       
|       
|       
|4(p) -  |  | $40,000,000 Support Agreement, dated as of February
24, 1999 between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-202 to Form 10-Q for quarter
ended March 31, 1999.)                                                                                                
|       
|       
|       
|       
|4(q) -  |  | $50,000,000 Support Agreement, dated as of June 10,
1999 between DTE Energy Company and DTE Capital
Corporation. (Exhibit 4-203 to Form 10-Q for quarter
ended June 30, 1999.)                                                                                                     
|       
|       
|       
|       
|4(r) -  |  | Indenture, dated as of June 15, 1998, between DTE
Capital Corporation and The Bank of New York, as
Trustee. (Exhibit 4-196 to Form 10-Q for quarter
ended June 30, 1998.)                                                                                                          
|       
|       
|       
|       
|4(s) -  |  | First Supplemental Indenture, dated as of June 15,
1998, between DTE Capital Corporation and The Bank of
New York, as Trustee, creating the $100,000,000
Remarketed Notes, Series A due 2038, including form
of Note. (Exhibit 4-197 to Form 10-Q for quarter
ended June 30, 1998.)
|       
|       
|       
|       
|4(t) -  |  | Second Supplemental Indenture, dated as of November
1,1998, between DTE Capital Corporation and The Bank
of New York, as Trustee, creating the $300,000,000
Remarketed Notes, 1998 Series B, including form of
Note. (Exhibit 4-200 to Form 10-K for year ended
December 31, 1998.)
|       
|       
|       
|       
|99(a) - |  | Belle River Participation Agreement between Detroit
Edison and Michigan Public Power Agency, dated as of
December 1, 1982 (Exhibit 28-5 to Registration No.
2-81501).                                                                                                              
|       
|       
|       
|       
|99(b) - |  | Belle River Transmission Ownership and Operating
Agreement between Detroit Edison and Michigan Public
Power Agency, dated as of December 1, 1982 (Exhibit
28-6 to Registration No. 2-81501).                                                                                       
|       
|       
|       
|       
|99(c) - |  | 1988 Amended and Restated Loan Agreement, dated as
of October 4, 1988, between Renaissance Energy
Company (an unaffiliated company) (Renaissance)
and Detroit Edison (Exhibit 99-6 to Registration No.
33-50325).                                                                
|       
|       
|       
|       
|99(d) - |  | First Amendment to 1988 Amended and Restated Loan
Agreement, dated as of February 1, 1990, between
Detroit Edison and Renaissance (Exhibit 99-7 to
Registration No. 33-50325).                                                                                                     
|       
|       
|       
|       
|99(e) - |  | Second Amendment to 1988 Amended and Restated Loan
Agreement, dated as of September 1, 1993, between
Detroit Edison and Renaissance (Exhibit 99-8 to
Registration No. 33-50325).                                                                                                   





---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                                                                                
|------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|       
|       
|       
|99(f) - |  | Third Amendment, dated as of August 28, 1997, to
1988 Amended and Restated Loan Agreement between
Detroit Edison and Renaissance. (Exhibit 99-22 to
Form 10-Q for quarter ended September 30, 1997.)                                                                                                                                           
|       
|       
|       
|       
|99(g) - |  | $200,000,000 364-Day Credit Agreement, dated as of
September 1,1993, among Detroit Edison, Renaissance
and Barclays Bank PLC, New York Branch, as Agent
(Exhibit 99-12 to Registration No. 33-50325).                                                                                                                                          
|       
|       
|       
|       
|99(h) - |  | First Amendment, dated as of August 31, 1994, to
$200,000,000 364-Day Credit Agreement, dated
September 1, 1993, among The Detroit Edison Company,
Renaissance Energy Company, the Banks party thereto
and Barclays Bank, PLC, New York Branch, as Agent
(Exhibit 99-19 to Form 10-Q for quarter ended
September 30, 1994).                    
|       
|       
|       
|       
|99(i) - |  | Third Amendment, dated as of March 8, 1996, to
$200,000,000 364-Day Credit Agreement, dated
September 1, 1993, as amended, among Detroit Edison,
Renaissance, the Banks party thereto and Barclays
Bank, PLC, New York Branch, as Agent (Exhibit 99-11
to Form 10-Q for quarter ended March 31, 1996).                                         
|       
|       
|       
|       
|99(j) - |  | Fourth Amendment, dated as of August 29, 1996, to
$200,000,000 364-Day Credit Agreement as of September
1, 1990, as amended, among Detroit Edison,
Renaissance, the Banks party thereto and Barclays
Bank, PLC, New York Branch, as Agent (Exhibit 99-13
to Form 10-Q for quarter ended September 30, 1996).                                   
|       
|       
|       
|       
|99(k) - |  | Fifth Amendment, dated as of September 1, 1997, to
$200,000,000 Multi-Year Credit Agreement, dated as of
September 1, 1993, as amended, among Detroit Edison,
Renaissance, the Banks Party thereto and Barclays
Bank PLC, New York Branch, as Agent. (Exhibit 99-24
to Form 10-Q for quarter ended September 30, 1997.)                        
|       
|       
|       
|       
|99(l) - |  | Seventh Amendment, dated as of August 26, 1999, to
$200,000,000 364-Day Credit Agreement, dated as of
September 1, 1993, as amended among The Detroit
Edison Company, Renaissance Energy Company, the Banks
parties thereto and Barclays Bank PLC, New York
branch as Agent. (Exhibit 99-30 to Form 10-Q for
quarter ended September 30, 1999.)
|       
|       
|       
|       
|99(m) - |  | $200,000,000 Three-Year Credit Agreement, dated
September 1, 1993, among Detroit Edison, Renaissance
and Barclays Bank, PLC, New York Branch, as Agent
(Exhibit 99-13 to Registration No. 33-50325).                                                                                                                                           
|       
|       
|       
|       
|99(n) - |  | First Amendment, dated as of September 1, 1994, to
$200,000,000 Three-Year Credit Agreement, dated as of
September 1, 1993, among The Detroit Edison Company,
Renaissance Energy                                                                                                                                                               





---



##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                                                                                                    
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|       
|       
|       
|        |  | Company, the Banks party thereto and Barclays Bank,
PLC, New York Branch, as Agent (Exhibit 99-20 to
Form 10-Q for quarter ended September 30, 1994).                                                                                                                                                                                                              
|       
|       
|       
|       
|99(o) - |  | Third Amendment, dated as of March 8, 1996, to
$200,000,000 Three-Year Credit Agreement, dated
September 1, 1993, as amended among Detroit Edison,
Renaissance, the Banks party thereto and Barclays
Bank, PLC, New York Branch, as Agent (Exhibit 99-12
to Form 10-Q for quarter ended March 31, 1996).                                                           
|       
|       
|       
|       
|99(p) - |  | Fourth Amendment, dated as of September 1, 1996, to
$200,000,000 Multi-Year (formerly Three-Year) Credit
Agreement, dated as of September 1, 1993, as amended
among Detroit Edison, Renaissance, the Banks party
thereto and Barclays Bank, PLC, New York Branch, as
Agent (Exhibit 99-14 to Form 10-Q for quarter ended
September 30, 1996).                      
|       
|       
|       
|       
|99(q) - |  | Fifth Amendment, dated as of August 28, 1997, to
$200,000,000 364-Day Credit Agreement, dated as of
September 1, 1990, as amended, among Detroit Edison,
Renaissance, the Banks Party thereto and Barclays
Bank PLC, New York Branch, as Agent. (Exhibit 99-25
to Form 10-Q for quarter ended September 30, 1997.)                                                 
|       
|       
|       
|       
|99(r) - |  | Sixth Amendment, dated as of August 27, 1998, to
$200,000,000 364-Day Credit Agreement dated as of
September 1, 1990, as amended, among Detroit Edison,
Renaissance, the Banks party thereto and Barclays
Bank PLC, New York Branch, as agent. (Exhibit 99-32
to Registration No. 333-65765.)                                                                      
|       
|       
|       
|       
|99(s) - |  | 1988 Amended and Restated Nuclear Fuel Heat Purchase
Contract, dated October 4, 1988, between Detroit
Edison and Renaissance (Exhibit 99-9 to Registration
No. 33-50325).                                                                                                                                                                                          
|       
|       
|       
|       
|99(t) - |  | First Amendment to 1988 Amended and Restated Nuclear
Fuel Heat Purchase Contract, dated as of February 1,
1990, between Detroit Edison and Renaissance
(Exhibit 99-10 to Registration No. 33-50325).                                                                                                                                                               
|       
|       
|       
|       
|99(u) - |  | Eighth Amendment, dated as of August 26, 1999 to
1988 Amended and Restated Nuclear Fuel heat Purchase
Contract between Detroit Edison and Renaissance
Energy Company. (Exhibit 99-31 to Form 10-Q for
quarter ended September 30, 1999.)                                                                                                                           
|       
|       
|       
|       
|99(v) - |  | U.S. $160,000,000 Standby Note Purchase Credit
Facility, dated as of October 26, 1999, among
Detroit Edison, the Banks signatory thereto,
Barclays Bank PLC, as Administrative Agent and
Barclays Capital Inc., Lehman Brothers Inc. and Banc
One Capital Markets, Inc., as Remarketing Agents.
(Exhibit 99-29 to Form 10-Q for quarter ended
September 30, 1999.)





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##### Table of Contents



|        |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|99(w) - |  | Standby Note Purchase Credit Facility, dated as of
September 12, 1997, among The Detroit Edison Company
and the Banks Signatory thereto and The Chase
Manhattan Bank, as Administrative Agent, and
Citicorp Securities, Inc., Lehman Brokers, Inc., as
Remarketing Agents and Chase Securities, Inc. as
Arranger. (Exhibit 99-26 to Form 10-Q for quarter
ended September 30, 1997.)                                                               
|       
|       
|       
|       
|99(x) - |  | Third Amended and Restated Credit Agreement, Dated
as of January 18, 2000 among DTE Capital
Corporation, the Initial Lenders, Citibank, N.A., as
Agent, and ABN AMRO Bank N.V., Bank One N.A.,
Barclays Bank PLC, Bayerische Landesbank
Girozertrale, Cayman Islands Branch, Comerica Bank
and Den Daske Bank Aktieselskab, as Co-Agents.                                                                                                           
|       
|       
|       
|       
|99(y) - |  | First Amendment, dated as of April 5, 2000, to Third
Amended and Restated Credit Agreement, dated as of
January 18, 2000 among DTE Capital Corporation,
certain Lenders, Citibank, N.A., as Agent, and ABN
AMRO Bank N.V., Bank One, N.A., Barclays Bank PLC,
Bayerische Landesbank Girozertrale, Cayman Islands
Branch, Comerica Bank and Den Daske Bank
Aktieselskab, as Co-Agents. (Exhibit 99-33 to Form
10-Q for quarter ended March 31, 2000.)

|    |  |                                                                                                                                                                                                                                              
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(b) |  | On July 7, 2000, the Company and Detroit filed a Current Report on Form
8-K discussing Detroit Edisons July 5, 2000 application to the MPSC
requesting a securitization financing order in the amount of up to approximately $1.850 billion.