Item 7.01. Regulation FD Disclosure.
DTE Energy Company ("DTE Energy") will meet with investors on August 20, 2020. A
copy of the slide presentation from the meetings is furnished as Exhibit 99.1 to
this report and will be available on DTE Energy's website, www.dteenergy.com on
August 19, 2020. In the meetings, DTE Energy reaffirms its 2020 operating
earnings guidance range of $6.47-$6.75 per share.
In its slide presentation and this filing, DTE Energy discusses 2020 operating
earnings guidance. It is likely that certain items that impact the company's
2020 reported results will be excluded from operating results. Reconciliations
to the comparable 2020 reported earnings guidance are not provided because it is
not possible to provide a reliable forecast of specific line items (i.e. future
non-recurring items, certain mark-to-market adjustments and discontinued
operations). These items may fluctuate significantly from period to period and
may have a significant impact on reported earnings.
DTE Energy also discusses Adjusted EBITDA in its slide presentation. The
reconciliation of net income to Adjusted EBITDA as projected for full-year 2020
is not provided. DTE Energy does not forecast net income as it cannot, without
unreasonable efforts, estimate or predict with certainty the components of net
income. These components, net of tax, may include, but are not limited to,
impairments of assets and other charges, divesture costs, acquisition costs, or
changes in accounting principles. All of these components could significantly
impact such financial measures. At this time, DTE Energy is not able to estimate
the aggregate impact, if any, of these items on future period reported earnings.
Accordingly, DTE Energy is not able to provide a corresponding GAAP equivalent
for Adjusted EBITDA and allocated debt.
In accordance with General Instruction B.2 of Form 8-K, the information in this
Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed"
for the purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section, nor shall it
be deemed incorporated by reference in any filing under the Securities Act of
1933, as amended, except as shall be expressly set forth in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Slide Presentation of DTE Energy Company dated August 20, 2020.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
Forward-Looking Statements:
This Form 8-K contains forward-looking statements that are subject to various
assumptions, risks and uncertainties. It should be read in conjunction with the
"Forward-Looking Statements" section in DTE Energy's and DTE Electric Company's
(DTE Electric) 2019 Form 10-K and 2020 Form 10-Qs (which sections are
incorporated by reference herein), and in conjunction with other SEC reports
filed by DTE Energy and DTE Electric that discuss important factors that could
cause DTE Energy's and DTE Electric's actual results to differ materially. DTE
Energy and DTE Electric expressly disclaim any current intention to update any
forward-looking statements contained in this report as a result of new
information or future events or developments.
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