8-K GMA Roadshow 3/18-19/14
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 18, 2014
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Commission File Number | Exact Name of Registrant as Specified in its Charter, State of Incorporation, Address of Principal Executive Offices and Telephone Number |
IRS Employer Identification No. |
1-11607 | DTE Energy Company (a Michigan corporation) One Energy Plaza Detroit, Michigan 48226-1279 313-235-4000 | 38-3217752 |
1-2198 | DTE Electric Company (a Michigan corporation) One Energy Plaza Detroit, Michigan 48226-1279 313-235-4000 | 38-0478650 |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
DTE Energy Company (DTE Energy) will meet with investors on March 18-19, 2014. 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 March 18, 2014. In the meetings and the presentation, DTE Energy reaffirms its 2014 operating earnings per share guidance of $4.20-4.40 per share.
In its slide presentation and this filing, DTE Energy discusses 2014 operating earnings guidance. It is likely that certain items that impact the company's 2014 reported results will be excluded from operating results. Reconciliations to the comparable 2014 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items. These items may fluctuate significantly from period to period and may have a significant impact on reported earnings.
In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of 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 8.01. Other Events.
On August 1, 2012, DTE Electric Company (DTE Electric) filed an application, Case No. U-17068, requesting accounting authority to defer amortization in the amount of $127 million resulting from the reversal of the company’s regulatory liability associated with the operation of the pilot revenue decoupling mechanism (RDM) approved by the Michigan Public Service Commission (MPSC) in an order issued January 11, 2010 in Case No. U-15768. That application was approved by the MPSC on September 25, 2012 authorizing DTE Electric to amortize the RDM regulatory liability over twelve months commencing in January 2014.
On March 18, 2014, DTE Electric filed an application with the MPSC requesting authority to suspend the amortization of the RDM regulatory liability as of June 30, 2014 and to amortize the remaining balance of the RDM regulatory liability beginning in January 2015. The full text of the filing is available on the MPSC’s website (http://efile.mpsc.state.mi.us/efile/) under case number U-17068. DTE Electric is a wholly-owned subsidiary of DTE Energy Company.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Slide Presentation of DTE Energy Company dated March 18-19, 2014.
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's 2013 Forms 10-K (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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
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Date: March 18, 2014 | |
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| DTE ENERGY COMPANY (Registrant) |
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| /s/PETER B. OLEKSIAK Peter B. Oleksiak Senior Vice President and Chief Financial Officer |
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| DTE ELECTRIC COMPANY (Registrant) |
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| /s/PETER B. OLEKSIAK Peter B. Oleksiak Senior Vice President and Chief Financial Officer |
EXHIBIT INDEX
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Exhibit Number | Description |
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99.1 | Slide Presentation of DTE Energy Company dated March 18-19, 2014. |