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 ~~June~~September 30, 2000


Commission	Registrants; State of
~~Commission~~	Incorporation; ~~Address; and~~	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~~




	~~38-3217752~~313-235-4000




1-2198	The Detroit Edison Company	38-0478650




	(a Michigan corporation)




	2000 2nd Avenue




	Detroit, Michigan 48226-1279 ~~313-235-8000~~




	~~38-0478650~~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 ~~[X]~~ No ~~[ ]~~

At ~~July~~October 31, 2000, ~~142,658,064~~142,651,172 shares of DTE Energy’s Common Stock, substantially all held by non-affiliates, were outstanding.

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

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

This document contains the Quarterly Reports on Form 10-Q for the quarter ended ~~June~~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

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

2322

Item 3 -

Quantitative and Qualitative Disclosures About Market Risk

2928

Part II -

— Other Information

Item 1 - Legal Proceedings

~~Item 4 -~~

~~Submission of Matters to a Vote of Security Holders~~

Item 5 -

Other Information

3230

Quarterly Report on Form 10-Q for The Detroit Edison Company:

Part I -

— Financial Information

3331

Item 1 -

Financial Statements

3331

Item 2 -

Management’s Discussion and Analysis of Financial

Condition and Results of Operations

3331

Part II -

— Other Information

Item 1 - Legal Proceedings

Item 5 -

Other Information

3331

Quarterly Reports on Form 10-Q for DTE Energy Company and The Detroit

Edison Company:

Item 6 -

Exhibits and Reports on Form 8-K

3533

Signature Page to DTE Energy Company Quarterly Report on Form 10-Q

4542

Signature Page to The Detroit Edison Company Quarterly Report on Form 10-Q

4643

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 ~~quarter~~ quarters




		ended March 31, 2000 and June 30, 2000




~~Quarterly~~ Report Notes		Notes to Condensed Consolidated Financial Statements




		(Unaudited) appearing on pages 16 through 19 and 16




		through 21 of the Quarterly ~~Report~~Reports to the Securities and




		Exchange Commission on Form 10-Q for the ~~quarter~~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

~~TABLE OF CONTENTS~~


~~DEFINITIONS~~
~~QUARTERLY REPORT ON FORM 10-Q FOR DTE ENERGY COMPANY~~ ~~PART I — FINANCIAL INFORMATION~~
	~~Item 1 — Financial Statements~~
~~PART II — OTHER INFORMATION~~
	~~Item 4 — Submission of Matters to a Vote of Security Holders.~~
	~~Item 5 — Other Information.~~
~~PART I — FINANCIAL INFORMATION~~
	~~Item 1 – Condensed Consolidated Financial Statements (Unaudited).~~
	~~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~~
	~~(a) Exhibits~~
~~Form 10-Q~~
~~DTE Energy Company Basic & Diluted Earnings~~
~~DTE Energy Computation of Ratio of Earnings~~
~~Detroit Edison Computation of Ratio of Earnings~~
~~Awareness Letter of Deloitte & Touche LLP~~
~~Financial Data Schedule - DTE Energy Company~~
~~Financial Data Schedule - Detroit Edison Company~~

~~PART I — FINANCIAL INFORMATION" -->~~

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 ~~Shareholder’s~~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			2221


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.

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


					Three Months Ended				Six Months Ended							Three Months Ended					Nine Months Ended
					June 30				June 30							September 30					September 30

					2000		1999		2000		1999					2000			1999		2000		1999

Operating Revenues	Operating Revenues				$	1,428	$	1,150	$	2,610	$	2,174	Operating Revenues			$	1,547		$	1,440	$	4,157	$	3,614

Operating Expenses	Operating Expenses			Operating Expenses




		Fuel and purchased power				579		322		923		553		Fuel and purchased power			747			510		1,670		1,063




		Operation and maintenance				386		364		741		689		Operation and maintenance			352			397		1,093		1,086




		Depreciation and amortization				186		182		378		364		Depreciation and amortization			202			183		580		547




		Taxes other than income				74		71		150		142		Taxes other than income			74			69		224		211

			Total Operating Expenses			1,225		939		2,192		1,748			Total Operating Expenses		1,375			1,159		3,567		2,907

Operating Income	Operating Income					203		211		418		426	Operating Income				172			281		590		707

Interest Expense and Other	Interest Expense and Other			Interest Expense and Other




		Interest expense				82		82		165		165		Interest expense			86			95		251		260




		Other — net				1		6		3		9		Other — net			6			4		9		13

			Total Interest Expense and Other			83		88		168		174			Total Interest Expense and Other		92			99		260		273

Income Before Income Taxes	Income Before Income Taxes					120		123		250		252	Income Before Income Taxes				80			182		330		434




Income Taxes	Income Taxes					12		13		25		27	Income Taxes				(24	)		21		1		48

Net Income	Net Income				$	108	$	110	$	225	$	225	Net Income			$	104		$	161	$	329	$	386

Average Common Shares Outstanding	Average Common Shares Outstanding					143		145		143		145	Average Common Shares Outstanding				143			145		143		145

Earnings per Common Share -
Earnings per Common Share —													Earnings per Common Share —




	Basic and Diluted				$	0.76	$	0.76	$	1.57	$	1.55	Basic and Diluted			$	0.73		$	1.11	$	2.30	$	2.66

Dividends Declared per Common Share	Dividends Declared per Common Share				$	0.515	$	0.515	$	1.03	$	1.03	Dividends Declared per Common Share			$	0.515		$	0.515	$	1.545	$	1.545

See Notes to Condensed Consolidated Financial Statements (Unaudited).

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


				June 30		December 31					September 30		December 31
				2000		1999					2000		1999

ASSETS	ASSETS		ASSETS




Current Assets	Current Assets		Current Assets




								Cash and cash equivalents			$	46	$	33




								Restricted cash				78		131




	Cash and cash equivalents			$	40	$	33	Accounts receivable




	Restricted cash				132		131		Customer (less allowance for doubtful




	Accounts receivable Customer (less allowance for doubtful accounts of $21)				439		388			accounts of $21)		533		388




		Accrued unbilled revenues			193		166		Accrued unbilled revenues			157		166




		Other			124		144		Other			149		144




	Inventories (at average cost) Fuel				166		175	Inventories (at average cost) Fuel				153		175




		Materials and supplies			165		168		Materials and supplies			170		168




	Asset from risk management activities				129		67	Assets from risk management activities				41		67




	Other				117		38	Other				67		38

					1,505		1,310					1,394		1,310

Investments	Investments		Investments




	Nuclear decommissioning trust funds				389		361	Nuclear decommissioning trust funds				398		361




	Other				266		274	Other				262		274

					655		635					660		635

Property	Property		Property




	Property, plant and equipment				11,802		11,755	Property, plant and equipment				11,992		11,755




	Property under capital leases				221		222	Property under capital leases				221		222




	Nuclear fuel under capital lease				703		663	Nuclear fuel under capital lease				704		663




	Construction work in progress				209		106	Construction work in progress				114		106

					12,935		12,746					13,031		12,746

Less accumulated depreciation and amortization	Less accumulated depreciation and amortization				5,632		5,598	Less accumulated depreciation and amortization				5,704		5,598

					7,303		7,148					7,327		7,148

Regulatory Assets	Regulatory Assets				2,776		2,935	Regulatory Assets				2,695		2,935

Other Assets	Other Assets				278		288	Other Assets				270		288

Total Assets	Total Assets			$	12,517	$	12,316	Total Assets			$	12,346	$	12,316

See Notes to Condensed Consolidated Financial Statements (Unaudited).


			June 30		December 31				September 30		December 31
			2000		1999				2000		1999

LIABILITIES AND SHAREHOLDERS’ EQUITY	LIABILITIES AND SHAREHOLDERS’ EQUITY	LIABILITIES AND SHAREHOLDERS’ EQUITY




Current Liabilities	Current Liabilities	Current Liabilities




	Accounts payable		$	261	$	273	Accounts payable		$	231	$	273




	Accrued interest			63		57	Accrued interest			70		57




	Dividends payable			73		75	Dividends payable			73		75




	Accrued payroll			95		97	Accrued payroll			86		97




	Short-term borrowings			622		387	Short-term borrowings			551		387




	Income taxes			102		61	Income taxes			99		61




	Current portion long-term debt			194		270	Current portion long-term debt			234		270




	Current portion capital leases			101		75	Current portion capital leases			93		75




	Liability from risk management activities			111		52	Liabilities from risk management activities			35		52




	Other			253		257	Other			305		257

				1,875		1,604				1,777		1,604

Other Liabilities	Other Liabilities	Other Liabilities




	Deferred income taxes			1,855		1,925	Deferred income taxes			1,802		1,925




	Capital leases			107		114	Capital leases			106		114




	Regulatory liabilities			194		262	Regulatory liabilities			190		262




	Other			577		564	Other			586		564

				2,733		2,865				2,684		2,865

Long-Term Debt	Long-Term Debt			3,992		3,938	Long-Term Debt			3,936		3,938

Shareholders’ Equity	Shareholders’ Equity	Shareholders’ Equity




	Common stock, without par value, 400,000,000 shares authorized, 142,658,064 and 145,041,324 issued and outstanding, respectively			1,918		1,950	Common stock, without par value, 400,000,000 shares




	Retained earnings			1,999		1,959		authorized, 142,653,454 and 145,041,324 issued
								and outstanding, respectively		1,918		1,950
				3,917		3,909	Retained earnings			2,031		1,959

										3,949		3,909

Commitments and Contingencies (Note 7)	Commitments and Contingencies (Note 7)	Commitments and Contingencies (Note 7)




Total Liabilities and Shareholders’ Equity	Total Liabilities and Shareholders’ Equity		$	12,517	$	12,316	Total Liabilities and Shareholders’ Equity		$	12,346	$	12,316

See Notes to Condensed Consolidated Financial Statements (Unaudited).

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


					Six Months Ended									Nine Months Ended
					June 30									September 30

					2000			1999						2000			1999

Operating Activities	Operating Activities			Operating Activities




	Net Income				$	225		$	225		Net Income			$	329		$	386




		Adjustments to reconcile net income to net cash from operating activities:									Adjustments to reconcile net income to net cash from operating activities:




		Depreciation and amortization				378			364			Depreciation and amortization			580			547




		Other				(57	)		(15	)		Other			(97	)		(72	)




		Changes in current assets and liabilities:			Changes in current assets and liabilities:




			Restricted cash			(1	)		(2	)			Restricted cash		53			(11	)




			Accounts receivable			(59	)		(52	)			Accounts receivable		(141	)		(84	)




			Inventories			12			17				Inventories		20			30




			Payables			(8	)		(2	)			Payables		(40	)		(43	)




			Other			(82	)		(119	)			Other		20			(16	)

		Net cash from operating activities				408			416			Net cash from operating activities			724			737

Investing Activities	Investing Activities			Investing Activities




	Plant and equipment expenditures					(396	)		(381	)	Plant and equipment expenditures				(546	)		(530	)

		Net cash used for investing activities				(396	)		(381	)		Net cash used for investing activities			(546	)		(530	)

Financing Activities	Financing Activities			Financing Activities




	Issuance of long-term debt					219			—		Issuance of long-term debt				273			265




	Increase in short-term borrowings					235			176		Increase in short-term borrowings				164			65




	Redemption of long-term debt					(240	)		(157	)	Increase in restricted cash for debt redemptions				—			(185	)




	Repurchase of common stock					(70	)		—		Redemption of long-term debt				(310	)		(204	)




	Dividends on common stock					(149	)		(149	)	Repurchase of common stock				(70	)		—
											Dividends on common stock				(222	)		(224	)
		Net cash used for financing activities				(5	)		(130	)
												Net cash used for financing activities			(165	)		(283	)

Net Increase (Decrease) in Cash and Cash Equivalents	Net Increase (Decrease) in Cash and Cash Equivalents					7			(95	)	Net Increase (Decrease) in Cash and Cash Equivalents				13			(76	)




Cash and Cash Equivalents at Beginning of the Period	Cash and Cash Equivalents at Beginning of the Period					33			130		Cash and Cash Equivalents at Beginning of the Period				33			130

Cash and Cash Equivalents at End of the Period	Cash and Cash Equivalents at End of the Period				$	40		$	35		Cash and Cash Equivalents at End of the Period			$	46		$	54

Supplementary Cash Flow Information	Supplementary Cash Flow Information			Supplementary Cash Flow Information




	Interest paid (excluding interest capitalized)				$	159		$	165		Interest paid (excluding interest capitalized)			$	238		$	263




	Income taxes paid					34			36		Income taxes paid				59			102




	New capital lease obligations					41			9		New capital lease obligations				41			3

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

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


			2000							2000

			Shares			Amount				Shares		Amount

Common Stock	Common Stock	Common Stock




	Balance at beginning of year			145,041		$	1,950		Balance at beginning of year		145,041	$	1,950




	Repurchase and retirement of common stock			(2,383	)		(32	)	Repurchase and retirement of common stock		2,388		(32	)

	Balance at June 30, 2000			142,658		$	1,918		Balance at September 30, 2000		142,653	$	1,918

Retained Earnings	Retained Earnings	Retained Earnings




	Balance at beginning of year					$	1,959		Balance at beginning of year			$	1,959




	Net income						225		Net income				329




	Dividends declared on common stock ($1.03 per share)						(147	)	Dividends declared on common stock ($1.545 per share)				(221	)




	Repurchase and retirement of common stock						(38	)	Repurchase and retirement of common stock				(39	)
									Other				3
	Balance at June 30, 2000					$	1,999
									Balance at September 30, 2000			$	2,031

Total Shareholders’ Equity	Total Shareholders’ Equity					$	3,917		Total Shareholders’ Equity			$	3,949

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

[ This page intentionally left blank. ]

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


				Three Months Ended					Six Months Ended						Three Months Ended				Nine Months Ended
				June 30					June 30						September 30				September 30

				2000		1999			2000		1999				2000		1999		2000		1999

Operating Revenues	Operating Revenues			$	1,071	$	1,006		$	2,020	$	1,917	Operating Revenues		$	1,109	$	1,211	$	3,129	$	3,128

Operating Expenses	Operating Expenses		Operating Expenses




	Fuel and purchased power				336		277			565		483	Fuel and purchased power			455		405		1,020		888




	Operation and maintenance				272		261			512		498	Operation and maintenance			224		275		736		773




	Depreciation and amortization				177		173			359		346	Depreciation and amortization			191		176		550		522




	Taxes other than income				72		70			147		141	Taxes other than income			72		69		219		210

		Total Operating Expenses			857		781			1,583		1,468		Total Operating Expenses		942		925		2,525		2,393

Operating Income	Operating Income				214		225			437		449	Operating Income			167		286		604		735

Interest Expense and Other	Interest Expense and Other		Interest Expense and Other




	Interest expense				70		69			139		137	Interest expense			70		82		209		219




	Other — net				5		(1	)		9		2	Other — net			4		1		13		3

		Total Interest Expense and Other			75		68			148		139		Total Interest Expense and Other		74		83		222		222

Income Before Income Taxes	Income Before Income Taxes				139		157			289		310	Income Before Income Taxes			93		203		382		513




Income Taxes	Income Taxes				48		50			101		99	Income Taxes			17		65		118		164

Net Income	Net Income			$	91	$	107		$	188	$	211	Net Income		$	76	$	138	$	264	$	349

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

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


				June 30		December 31					September 30		December 31
				2000		1999					2000		1999

ASSETS	ASSETS		ASSETS




Current Assets	Current Assets		Current Assets




								Cash and cash equivalents			$	12	$	4





	Cash and cash equivalents			$	14	$	4	Accounts receivable




	Accounts receivable								Customer (less allowance for doubtful




		Customer (less allowance for doubtful accounts of $20)			301		316			accounts of $20)		352		316
		Accrued unbilled revenues			193		166		Accrued unbilled revenues			157		166




		Other			115		138		Other			132		138




	Inventories (at average cost)							Inventories (at average cost)




		Fuel			166		175		Fuel			153		175




		Materials and supplies			143		140		Materials and supplies			144		140




	Other				103		29	Other				53		29

					1,035		968					1,003		968

Investments	Investments		Investments




	Nuclear decommissioning trust funds				389		361	Nuclear decommissioning trust funds				398		361




	Other				37		34	Other				37		34

					426		395					435		395

Property	Property		Property




	Property, plant and equipment				11,246		11,204	Property, plant and equipment				11,320		11,204




	Property under capital leases				221		221	Property under capital leases				221		221




	Nuclear fuel under capital lease				703		663	Nuclear fuel under capital lease				704		663




	Construction work in progress				3		4	Construction work in progress				2		4

					12,173		12,092					12,247		12,092

Less accumulated depreciation and amortization	Less accumulated depreciation and amortization				5,542		5,526	Less accumulated depreciation and amortization				5,602		5,526

					6,631		6,566					6,645		6,566

Regulatory Assets	Regulatory Assets				2,776		2,935	Regulatory Assets				2,695		2,935

Other Assets	Other Assets				176		187	Other Assets				168		187

Total Assets	Total Assets			$	11,044	$	11,051	Total Assets			$	10,946	$	11,051

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


			June 30			December 31						September 30			December 31
			2000			1999						2000			1999

LIABILITIES AND SHAREHOLDER’S EQUITY	LIABILITIES AND SHAREHOLDER’S EQUITY	LIABILITIES AND SHAREHOLDER’S EQUITY




Current Liabilities	Current Liabilities	Current Liabilities




	Accounts payable		$	229		$	224			Accounts payable		$	209		$	224




	Accrued interest			60			54			Accrued interest			60			54




	Dividends payable			80			80			Dividends payable			80			80




	Accrued payroll			92			90			Accrued payroll			82			90




	Short-term borrowings			382			362			Short-term borrowings			342			362




	Income taxes			132			84			Income taxes			102			84




	Current portion long-term debt			119			194			Current portion long-term debt			159			194




	Current portion capital leases			101			75			Current portion capital leases			93			75




	Other			115			159			Other			130			159

				1,310			1,322						1,257			1,322

Other Liabilities
									Other Liabilities




	Deferred income taxes			1,815			1,879			Deferred income taxes			1,808			1,879




	Capital leases			107			114			Capital leases			106			114




	Regulatory liabilities			194			262			Regulatory liabilities			190			262




	Other			575			562			Other			585			562

				2,691			2,817						2,689			2,817

Long-Term Debt	Long-Term Debt			3,384			3,284		Long-Term Debt				3,344			3,284

Shareholder’s Equity	Shareholder’s Equity	Shareholder’s Equity




	Common stock, $10 par value, 400,000,000 shares authorized, 145,119,875 issued and outstanding			1,451			1,451			Common stock, $10 par value, 400,000,000 shares




	Premium on common stock			548			548				authorized, 145,119,875 issued and outstanding		1,451			1,451




	Common stock expense			(48	)		(48	)		Premium on common stock			548			548




	Retained earnings			1,708			1,677			Common stock expense			(48	)		(48	)
										Retained earnings			1,705			1,677
				3,659			3,628
													3,656			3,628

Commitments and Contingencies (Note 7)	Commitments and Contingencies (Note 7)	Commitments and Contingencies (Note 7)




Total Liabilities and Shareholder’s Equity	Total Liabilities and Shareholder’s Equity		$	11,044		$	11,051		Total Liabilities and Shareholder’s Equity			$	10,946		$	11,051

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

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


					Six Months Ended									Nine Months Ended
					June 30									September 30

					2000			1999						2000			1999

Operating Activities	Operating Activities			Operating Activities




	Net Income				$	188		$	211		Net Income			$	264		$	349




	Adjustments to reconcile net income to net cash from operating activities:										Adjustments to reconcile net income to net cash from operating activities:








		Depreciation and amortization				359			346			Depreciation and amortization			550			522




		Other				(52	)		8			Other			(86	)		(34	)




		Changes in current assets and liabilities:			Changes in current assets and liabilities:




			Accounts receivable			11			(27	)			Accounts receivable		(21	)		(46	)




			Inventories			6			5				Inventories		18			26




			Payables			13			(3	)			Payables		(17	)		(61	)




			Other			(118	)		(108	)			Other		(53	)		(53	)

		Net cash from operating activities				407			432			Net cash from operating activities			655			703

Investing Activities	Investing Activities			Investing Activities




	Plant and equipment expenditures					(282	)		(308	)	Plant and equipment expenditures				(413	)		(429	)

		Net cash used for investing activities				(282	)		(308	)		Net cash used for investing activities			(413	)		(429	)

Financing Activities	Financing Activities			Financing Activities




	Issuance of long-term debt					219			—		Issuance of long-term debt				270			265




	Increase in short-term borrowings					20			173		(Decrease) increase in short-term borrowings				(20	)		65




	Redemption of long-term debt					(194	)		(119	)	Increase in restricted cash for debt redemptions				—			(185	)




	Dividends on common stock					(160	)		(160	)	Redemption of long-term debt				(245	)		(159	)
											Dividends on common stock				(239	)		(239	)
		Net cash used for financing activities				(115	)		(106	)
												Net cash used for financing activities			(234	)		(253	)

Net Increase in Cash and Cash Equivalents	Net Increase in Cash and Cash Equivalents					10			18		Net Increase in Cash and Cash Equivalents				8			21




Cash and Cash Equivalents at Beginning of the Period	Cash and Cash Equivalents at Beginning of the Period					4			5		Cash and Cash Equivalents at Beginning of the Period				4			5

Cash and Cash Equivalents at End of the Period	Cash and Cash Equivalents at End of the Period				$	14		$	23		Cash and Cash Equivalents at End of the Period			$	12		$	26

Supplementary Cash Flow Information	Supplementary Cash Flow Information			Supplementary Cash Flow Information




	Interest paid (excluding interest capitalized)				$	133		$	139		Interest paid (excluding interest capitalized)			$	203		$	229




	Income taxes paid					98			67		Income taxes paid				142			186




	New capital lease obligations					41			9		New capital lease obligations				41			3

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

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


			2000						2000

			Shares		Amount				Shares		Amount

Common Stock	Common Stock	Common Stock




	Balance at beginning of year			145,120	$	1,451		Balance at beginning of year		145,120	$	1,451

	Balance at June 30, 2000			145,120	$	1,451		Balance at September 30, 2000		145,120	$	1,451





Premium on Common Stock	Premium on Common Stock	Premium on Common Stock




	Balance at beginning of year				$	548		Balance at beginning of year			$	548

	Balance at June 30, 2000				$	548		Balance at September 30, 2000			$	548




Common Stock Expense	Common Stock Expense	Common Stock Expense




								Balance at beginning of year			$	(48	)




	Balance at beginning of year				$	(48	)
								Balance at September 30, 2000			$	(48	)
	Balance at June 30, 2000				$	(48	)




Retained Earnings	Retained Earnings	Retained Earnings




	Balance at beginning of year				$	1,677		Balance at beginning of year			$	1,677




	Net income					188		Net income				264




	Dividends declared on common stock ($1.10 per share)					(160	)	Dividends declared on common stock ($1.65 per share)				(239	)




	Other					3		Other				3

	Balance at June 30, 2000				$	1,708		Balance at September 30, 2000			$	1,705

Total Shareholder’s Equity	Total Shareholder’s Equity				$	3,659		Total Shareholder’s Equity			$	3,656

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

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”~~Staff”) issued Staff Accounting Bulletin (“SAB”) No. 101 in December 1999. This ~~staff accounting bulletin~~SAB summarizes certain of the ~~staff’s~~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 ~~June~~September 30, 2000, the Company and Detroit Edison have ~~not yet~~ determined ~~the impact~~ the adoption of SAB No. 101 will not have a material impact on the Company’s and Detroit Edison’s financial statements.

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 ~~consideration~~the proposed transfer of a property interest to a unit of Exelon Corp. (previously Unicom Corp.) allowing for the ~~potential sale~~utilization of up to 20 billion cubic feet of natural gas transportation capacity annually on the Michigan Consolidated Gas Co. ~~system. Because~~(a subsidiary of MCN) system in the applicable distribution area. The agreement is subject to regulatory approvals (including the MPSC) and consummation of the ~~length~~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~~FTC’s review, ~~it appears unlikely that~~ the ~~transaction can be completed before~~Company and MCN are targeting a first quarter 2001 closing date for the ~~fourth quarter of this year.~~

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 customer choice~~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 ~~must apply~~applied to the MPSC for authority to issue ~~the~~ securitization bonds, which may not exceed 15 years in term. ~~Before the bonds may be issued, the MPSC is required to make findings that recovery of the qualified costs will provide tangible and quantifiable benefits to customers.~~ 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 ~~Application for a Financing Order filed July 5,~~order issued on November 2, 2000, ~~Detroit Edison requested that~~ the MPSC ~~as permitted~~approved the issuance of securitization bonds to recover up to $1.774 billion (compared to approximately $1.850 billion requested by ~~PA 142, make the necessary statutory findings and rulings to permit~~ Detroit ~~Edison to securitize certain~~Edison) of qualified costs. The qualified costs inapproved by the ~~amount of $1.850 billion. These qualified costs~~MPSC include Fermi 2 ~~costs, MPSC-approved restructuring~~ costs, costs of certain regulatory assets, ~~and electric choice~~Electric Choice implementation ~~costs. In addition,~~costs, the initial and periodic costs of issuance associated with securitization bonds, ~~as well as~~and the costs of retiring and refunding securities with the proceeds of securitization. Detroit Edison expects to use the proceeds of securitization ~~are qualified costs. Buyout or buydown of power purchase contract costs,~~bonds to retire debt and ~~employee retraining and transition costs, are also qualified costs, and may be included~~equity in a ~~future filing.~~manner that will maintain its debt /equity ratio at approximately 50%.

By statute, the Application for a Financing Order is to be treated as an expedited contested case proceeding and the MPSC is to act upon such Application no later than 90 days after the electric utility filed its application.17

The issuance of securitization bonds ~~is expected to~~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. ~~Since rate reductions will be funded through securitization savings,~~ Detroit Edison ~~deferred $9 million for~~proposed deferral and securitization of the residential rate reduction infrom June 5, 2000 to the ~~second quarter~~date of ~~2000.~~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 anticipates that a total of approximately $42 million will be deferred until securitization bonds are issued, which is expected~~Edison’s request for deferral from June 5, 2000 to ~~occur~~

~~by December 31,~~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 ~~stranded~~transition costs. To make the order effective, Detroit Edison must file with the MPSC its understanding of and ~~transition costs.~~

The legislation also contains provisions preventing rate increases for residential customers through 2005, for small business customers through 2004 and remaining business customers through 2003. Certain costs may be deferred after 2003 and during the period that rate increases are impermissible. This rate cap may be lifted when certain market test provisions are met, namely, an electric utility has no more than 30% of generation capacity in its market, with allowance for capacity needed to meet a utility’s responsibility to serve its customers. Statewide, multi-utility transmission system improvements are also required. If these market conditions and transmission improvements conditions are not met, the rate freeze may continue through 2013.

~~In addition, as a result~~acceptance of the ~~legislation~~conditions contained in the ~~Company must:~~

• ~~File an application to unbundle its commercial and industrial rates by June 5, 2001,~~
• ~~Join a FERC approved Regional Transmission Organization (RTO) or divest its interest in transmission by December 31, 2001,~~
• ~~Continue to provide service to customers who wish to take service from Detroit Edison, and~~
• ~~Establish a worker transition program for workers that might be displaced.~~

As a result of the legislation discussed above, in several orders issued on June 19, 2000, the MPSC determined that adjusting rates for changes in PSCR expenses through continuance of the PSCR clause would be inconsistent with the new statutes. Therefore, the MPSC dismissed Detroit Edison’s application for reconciliation of its 1999 PSCR revenues and expenses, its application for approval of its 2000 PSCR plan, and did not allow Detroit Edison to collect the 1998 PSCR underrecovery of $8.6 million plus accrued interest of $3.0 million. Detroit Edison reversed approximately $55 million of liabilities associated with the PSCR clause as of the effective date of the legislation. Parties have filed Claims of Appeal regarding the 1999 and 2000 PSCR issues with the Michigan Court of Appeals. The Company is not able to determine the timing or outcome of these proceedings.

order. Detroit Edison is ~~unable to predict~~reviewing the ~~outcome of~~order and is determining whether interpretive guidance from the ~~matters discussed herein. Resolution of these matters~~MPSC is ~~dependent upon future MPSC orders which may impact the financial position of Detroit Edision.~~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 ~~six~~nine month period ended ~~June~~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 ~~June~~September 30, 2000, Detroit Edison had total short-term credit arrangements of approximately ~~$506~~$509 million under which ~~$182~~$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 ~~June~~September 30, 2000.

At ~~June~~September 30, 2000, DTE Capital had ~~$240~~$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 ~~June~~September 30, 2000, the Company had assumed and/or issued guarantees of various consolidated affiliate obligations of ~~$225~~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

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 ~~June~~September 30, 2000, the fair value of these derivative financial instruments indicated an unrealized loss of approximately ~~$17~~$35.5 million. The unrealized loss is not reflected in the financial statements at ~~June~~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.

Trading activities of DTE Energy Trading, Inc. (DTE ET) are accounted for using the mark to market method of accounting. Net unrealized gains from such contracts were $18 million and $2 million at June 30, 2000 and June 30, 1999, respectively.

The Company’s ~~non regulated~~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 ~~gains~~losses on these contracts of ~~$15~~$10 million have not been reflected in the consolidated financial statements at ~~June~~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 alleging that Detroit Edison’s rates produced excessive revenues.~~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~~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 and~~pollution. In September 1998, the EPA issued a ~~SIP (State~~State Implementation ~~Plan)~~Plan (SIP) call, giving states a year to develop new regulations to limit nitrogen oxide ~~(NOx)~~ emissions because of their contribution to ozone formation. In June 2000, the U.S. Court of Appeals refused to rehear a decision upholding the SIP call. The State of Michigan has indicated its intention to appeal the decision to the U.S. Supreme Court. Unless it is reversed, itIt is estimated that Detroit Edison will incur ~~approximately $400~~$460 million inof 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

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 ~~segment is~~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.~~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, and engage in domestic energy trading and marketing.~~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:

Electric All Reconciliations
Utility Other and Eliminations Consolidated
Three Months Ended June 30, 2000 (Millions)
Operating revenues $ 1,071 $ 357 $ — $ 1,428
Net income 91 22 (5 ) 108
Six Months Ended June 30, 2000
Operating revenues $ 2,020 $ 590 $ — $ 2,610
Net income 188 44 (7 ) 225
Three Months Ended June 30, 1999 (Millions)
Operating revenues $ 1,006 $ 144 $ — $ 1,150
Net income 107 10 (7 ) 110
Six Months Ended June 30, 1999
Operating revenues $ 1,917 $ 257 $ — $ 2,174
Net income 211 24 (10 ) 225


				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 ~~22)~~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.

2120

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 ~~June~~September 30, 2000, and the related condensed consolidated statements of income for the three-month and ~~six-month~~nine-month periods ended ~~June~~September 30, 2000 and 1999, the condensed consolidated statements of cash flows for the ~~six-month~~nine-month periods ended ~~June~~September 30, 2000 and 1999, and the condensed consolidated statements of changes in shareholders’ equity for the ~~six-month~~nine-month period ended ~~June~~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
~~August 9,~~November 13, 2000

2221

Item ~~2 –~~2- Management’s Discussion and Analysis of Financial Condition
and
Results of Operations.

This analysis for the three and ~~six~~nine months ended ~~June~~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

~~As discussed in the Annual Report, in order to sustain earnings growth with an objective of 6% growth annually, the~~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 ~~core competencies, consisting~~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 ~~expertise~~non-regulated generation projects in ~~developing, managing~~the Midwest region and ~~operating energy~~capitalizing on MCN’s storage and pipeline assets ~~including coal sourcing, blending and transportation skills.~~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 6%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 ~~Note~~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.

2322

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

~~The~~See Note 3 for a discussion of the November 2, 2000 MPSC ~~ordered~~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 ~~file by September 20, 2000 revised tariffs governing both~~determine the experimental and the main electric choice programs, with any revisions that are appropriate to comply with PA 141 and PA 142, and to remedy problems that customers have experienced thus far. The MPSC will then conduct a contested case proceeding to resolve any issues.timing or outcome of these proceedings.

Federal Energy Regulatory Commission

On ~~May 18,~~September 28, 2000, the FERC ~~issued~~conditionally approved an ~~order~~open access transmission tariff designed to allow for the collection of $138 million in response to the filing that the Alliance RTO, which includes Detroit Edison, made on February 17, 2000. The order indicated that the compliance filing does not fully satisfy the requirements of the original order, and directed the Alliance to make additional filings, but did not set any filing deadlines. The FERC indicated that the Alliance still did not meet the independence requirements with its governance structure, and reserved the judgement on the rate design and scope and configuration until further detail isannual revenues for transmission services provided ~~in future filings.~~

~~On June 29, 2000, the FERC approved Detroit Edison’s May 4, 2000 request to transfer its transmission facilities and agreements to a subsidiary,~~by the International Transmission Company (ITC)~~. The disposition is intended to~~, 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 ~~first step in the Detroit Edison’s efforts to divest~~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 ~~entity qualified~~RTO in the required time frame, the FERC has the authority to ~~join~~assign ITC to an RTO. ~~On July 28, 2000, ITC filed an application~~The Company and Detroit Edison intend to comply with the FERC ~~for transmission rate treatment, pursuant to the FERC’s Order 2000. The application proposed a rate moratorium based upon the Michigan legislative rate freeze and the transmission component of~~rulings. Detroit Edison’s ~~formerly bundled retail rates. The rate would yield a revenue level of~~transmission assets’ net book value is approximately ~~$138 million annually, and is subject to refund if certain independence and RTO compliance conditions are not met.~~$400 million.

LIQUIDITY AND CAPITAL RESOURCES

Cash From Operating Activities

Net cash from operating activities was lower for the Company ~~due primarily to increases in accounts receivable~~ and ~~changes in other assets and liabilities.~~

~~Net cash from operating activities was lower for~~ Detroit Edison due primarily to decreased net ~~income and changes in other assets and liabilities.~~income.

2423

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 ~~higher~~lower for Detroit Edison due primarily to increased ~~redemptions~~issuances of long-term debt and ~~reduced short-term borrowings,~~restricted cash for debt redemptions in the prior period, partially offset by ~~the issuance of long-term debt.~~

Detroit Edison has called for redemption, on September 1, 2000, all outstanding County of Monroe, Michigan Series I-1990 Pollution Control Revenue Bonds ($50,745,000, 7.65%) at a price of 102%. These bonds are to be refinanced with an issue of tax exempt bonds by the Michigan Strategic Fund.decreased short-term borrowings.

RESULTS OF OPERATIONS

For the three months ended ~~June~~September 30, 2000, the Company’s net income was ~~$108~~$104 million or ~~$0.76~~$0.73 per common share as compared to ~~$110~~$161 million or ~~$0.76~~$1.11 per common share during the same period in 1999. For the ~~six~~nine months ended ~~June~~September 30, 2000, net income was ~~$225~~$329 million or ~~$1.57~~$2.30 per common share compared to ~~$225~~$386 million or ~~$1.55~~$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 ~~six~~nine months earnings ~~remained relatively stable~~were lower compared to 1999 due to ~~higher electric system sales and~~ the ~~effects~~change in seasonality of the Company’s earnings, a five percent residential rate reduction effective with the June 2000 legislation, lower sales and ~~corresponding MPSC orders, offset by~~ higher ~~unit fuel~~purchased power costs ~~and increased energy purchases. Operating expenses~~in the utility business. These items were ~~higher due to a catastrophic storm in May 2000, increased generation and system maintenance and merger expenses,~~ partially offset by ~~Year 2000 testing and remediation~~lower operating expenses ~~included last year. In addition, the Company’s non-regulated subsidiaries contributed higher earnings~~ in the ~~three~~utility and ~~six months periods compared to 1999.~~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.

2524

Operating Revenues

Operating revenues were ~~$2.61~~$4.16 billion, up approximately ~~20%~~15% from 1999 operating revenues of ~~$2.17~~$3.61 billion. Operating revenues increased ~~(decreased)~~ due to the following:

Three Months Six Months
(Millions)
Detroit Edison
Rate change $ 9 $ 13
System sales volume and mix 12 49
Cessation of PSCR mechanism 55 55
Wholesale sales (3 ) (10 )
Other — net (8 ) (4 )
Total Detroit Edison 65 103
Non-regulated
DTE Energy Resources (excluding DTE Energy Trading) 16 42
DTE Energy Trading 194 293
Other — net 3 (2 )
Total Non-Regulated 213 333
Total $ 278 $ 436


					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			Six				Three			Nine
		Months			Months				Months			Months

Residential	Residential		1.0	%		0.4	%	Residential		(8.4)	%		(3.0)	%




Commercial	Commercial		(2.2	)		0.4		Commercial		0.1			0.3




Industrial	Industrial		7.6			9.5		Industrial		(0.8	)		5.8




Other (includes primarily sales for resale)	Other (includes primarily sales for resale)		3.7			3.7		Other (includes primarily sales for resale)		(0.8	)		2.2




	Total System		1.8			3.3		Total System		(2.7	)		1.1




Wholesale sales	Wholesale sales		(67.4	)		(61.1	)	Wholesale sales		29.9			(38.7	)




	Total		(2.2	)		(1.3	)	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

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				Six Months					Three Months				Nine Months

		2000		1999		2000		1999			2000		1999		2000		1999

		(Thousands of MWh)											(Thousands of MWh)
Power plant generation




	Fossil		10,036		9,700		19,893		20,174	Fossil		11,556		11,847		31,449		32,021




	Nuclear		963		2,252		3,352		4,651	Nuclear		2,422		2,377		5,774		7,028




Purchased power	Purchased power		3,246		2,442		5,218		3,773	Purchased power		1,897		1,988		7,115		5,761

System output	System output		14,245		14,394		28,463		28,598	System output		15,875		16,212		44,338		44,810

Average unit cost ($/MWh)
Average unit cost ($/MWh) Generation										Average unit cost ($/MWh) Generation	$	12.29	$	12.80	$	13.12	$	12.54




	Generation	$	15.30	$	12.49	$	14.23	$	12.39
										Purchased power	$	138.14	$	101.62	$	67.42	$	60.38




	Purchased power	$	49.44	$	46.09	$	41.71	$	38.65

Operation and Maintenance

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


			Three			Six				Three			Nine
			Months			Months				Months			Months

			(Millions)							(Millions)
Detroit Edison	Detroit Edison	Detroit Edison




	May 2000 catastrophic storm		$	13		$	13		Catastrophic storms	$	(26	)	$	(15	)




	Merger			7			13		Merger		4			16




	Generation reliability and maintenance			5			9		Generation reliability and maintenance		(14	)		6




	System and customer enhancements			—			8		System and customer enhancements		(4	)		(11	)




	General and administrative			3			5		Year 2000		(7	)		(42	)




	Year 2000			(17	)		(35	)	Other		(4	)		9




	Other			—			1
											(51	)		(37	)
				11			14




Non-regulated subsidiaries	Non-regulated subsidiaries	Non-regulated subsidiaries




	Increased level of operations and addition of new businesses			11			38		Increased level of operations and addition of new businesses		6			44





			$	22		$	52			$	(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.

2726

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 ~~cessation~~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 ~~the success of~~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.

2827

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 ~~June~~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 A 10% Assuming A 10%
Increase in Rates Decrease in Rates
(Millions)
Interest Rate Risk
Interest Rate Sensitive
Forward Starting Swap – 5-year $ 6.7 $ (7.7 )
– 10-year 20.4 (32.7 )
Treasury Lock – 10-year 2.0 (2.1 )
– 30-year 11.6 (12.9 )


			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 ~~June~~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 ~~six~~nine month period ended ~~June~~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

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. ~~For further information, see the Company’s and Detroit Edison’s Note 6 – Financial Instruments.~~

3029

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.

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

PART I — FINANCIAL INFORMATION

Item 41 — ~~Submission~~Condensed Consolidated Financial Statements (Unaudited).

See pages 11 through 15.

Item 2 — Management’s Discussion and Analysis of ~~Matters~~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 ~~Vote~~coal-fired facility. In the face of ~~Security Holders.~~Detroit Edison’s

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.

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.
~~(a)~~ ~~The annual meeting of the holders of Common Stock of the Company was held on April 14, 2000. Proxies for the meeting were solicited pursuant to Regulation 14(a).~~
~~(b)~~ ~~There was no solicitation in opposition to the Board of Directors’ nominees, as listed in the proxy statement, for directors to be elected at the meeting and all such nominees were elected.~~
~~The terms of the previously elected seven directors listed below continue until the annual meeting dates shown after each name:~~


~~Terence E. Adderley~~Exhibit
Number

4-208		~~April 25, 2001~~Amendment, dated October 24, 2000, to the Standby




~~Anthony F. Earley, Jr.~~		~~April 25, 2001~~Note Purchase Credit Facility, dated as of October 26,




~~Allan D. Gilmour~~		~~April 25, 2001~~1999, among Detroit Edison, the banks party thereto,




~~Theodore S. Leipprandt~~		~~April 25, 2001~~and Barclays Bank PLC, as Administrative Agent.




~~Lillian Bauder~~4-209		~~April 24, 2002~~First Amendment, dated as of July 17, 2000, to the




~~David Bing~~		~~April 24, 2002~~First Supplemental Indenture, dated as of June 30,




~~Larry G. Garberding~~		~~April 24, 2002~~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.

~~(c)~~ At the annual meeting of the holders of Common Stock of the Company held on April 14, 2000, the following four directors were elected to serve until the annual meeting in the Year 2003 with the votes shown:

Total Vote
Total Vote Withheld
For Each from Each
Director Director
William C. Brooks 108,382,802 2,670,280
John E. Lobbia 108,391,253 2,670,446
Eugene A. Miller 108,541,071 2,512,011
Charles W. Pryor, Jr. 108,518,183 2,534,899

~~Shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditors for the year 2000 with the votes shown:~~

For Against Abstain
109,528,607 493,909 1,032,720

~~There were no Shareholder proposals.~~

~~(d) Not applicable.~~

~~Item 5 — Other Information.~~

~~DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT~~

~~On February 23, 2000 the Company’s Board of Directors passed a resolution that set the number of directors on the Board at 11 members.~~

David E. Meador was elected Senior Vice President and Treasurer, effective May 15, 2000. From 1995 to 1997, he was Manager, Financial and Cost Management Strategy for Chrysler Corporation. He joined the Company in 1997 as Vice President and Controller and was elected Vice President of Finance and Accounting in May 1999.

~~On May 15, 2000, Leslie L. Loomans, Vice President and Treasurer, retired from the Company.~~

~~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.~~
~~Results of Operations." -->~~

~~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 5 – Other Information.~~

~~DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT~~

~~On February 23, 2000 Detroit Edison’s Board of Directors passed a resolution which set the number of directors on the Board at 11 members.~~

Douglas R. Gipson was elected Executive Vice President and Chief Nuclear Officer for Detroit Edison, effective May 15, 2000. He was elected Senior Vice President – Nuclear Generation in April 1993.

William T. O’Connor was elected a Vice President of Detroit Edison effective May 15, 2000. From 1995 to 1998, he was Nuclear Assessment Manager at Fermi 2 Power Plant. He was elected Assistant Vice President in 1998.

~~See the Company’s “Item 5 – Other Information, Directors and Executive Officers of the Registrant” for information concerning David E. Meador and Leslie L. Loomans.~~

~~OTHER~~

On June 19, 2000, the MPSC established a timetable for comments on applicable service quality and reliability standards for electric utility transmission and distribution systems, consistent with PA 141. The MPSC allowed interested parties to comment on the MPSC Staff’s May 1, 2000 Electric Distribution System Performance Standards proposal. Response comments are due August 18, 2000. With regard to transmission system reliability, the Staff is required to consult with electric utilities operating in Michigan, customer groups, and other relevant stakeholders, and file a final report by November 1, 2000.

On June 19, 2000, the MPSC initiated a case to establish standards for the interconnection of merchant plants with the transmission and distribution systems of electric utilities, consistent with PA 141. The Staff is to consult with utilities, merchant plant owners and operators, and other relevant stakeholders to develop recommendations. The Staff is to file a final report with the MPSC by October 2, 2000.

On May 17, 2000, the FERC accepted DTE River Rouge’s request to sell power at market based rates, and rejected Nordic Electric’s complaint alleging that Detroit Edison and its affiliates plan to deter competition by blocking alternatives to power sales. The FERC rejected the allegations that the company is engaging in transmission hoarding, and that the sale of facilities by Detroit Edison to DTE River Rouge violates Section 203 of the Federal Power Act.

See the Federal Energy Regulatory Commission section of Management’s Discussion and Analysis for discussion of the filing made on July 28, 2000 with the FERC by International Transmission Company (ITC), a Detroit Edison subsidiary.

~~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~~


~~11-19~~



99-36 -		~~DTE Energy Company Basic and Diluted Earnings Per Share~~Eighth Amendment, dated as of ~~Common Stock.~~August 24, 2000, to




		the $200,000,000 364-Day Credit Agreement, dated as of
~~12-24~~



		September 1, 1993, as amended, among Detroit Edison,




		Renaissance, the Banks party thereto and Barclays Bank




		PLC, New York Branch, as agent.




99-37 -		~~DTE Energy Company Computation~~Order, dated November 2, 2000, of ~~Ratio of Earnings to Fixed Charges.~~the Michigan Public




		Service Commission in U-12478.
~~12-25 -~~		~~The Detroit Edison Company Computation of Ratio of Earnings to Fixed Charges.~~

~~15-14 -~~		~~Awareness Letter of Deloitte & Touche LLP regarding their report dated August 9, 2000.~~

~~27-35 -~~		~~Financial Data Schedule for the period ended June 30, 2000 for DTE Energy Company.~~

~~27-36 -~~		~~Financial Data Schedule for the period ended June 30, 2000 for The Detroit Edison Company.~~

(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~~




		(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~~




		(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.)






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. ~~2 78941~~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




~~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~~

3735






~~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).~~

~~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.)~~

~~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).~~

~~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 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.)

~~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) (i)~~		On June 9, 2000, the Company and Detroit Edison filed a current Report on Form 8-K discussing newly - enacted Michigan legislation permitting electric public utilities to recover stranded costs (as a result of the transition to competition and requiring a rate reduction).

~~(ii)~~		~~On June 14, 2000, the Company filed a Current Report on Form 8-K discussing the status of regulatory approvals with respect to its pending merger with MCN Energy Group Inc.~~

~~(iii)~~		~~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 $1.850 billion.~~

~~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 August 9, 2000~~		~~/s/ ELAINE M. GODFREY~~ ~~Elaine M. Godfrey~~ ~~Assistant Corporate Secretary~~

~~Date August 9, 2000~~		~~/s/ DAVID E. MEADOR~~ ~~David E. Meador~~ ~~Senior Vice President and Treasurer~~

~~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 August 9, 2000~~		~~/s/ ELAINE M. GODFREY~~ ~~Elaine M. Godfrey~~ ~~Assistant Corporate Secretary~~

~~Date August 9, 2000~~		~~/s/ DANIEL G. BRUDZYNSKI~~ ~~Daniel G. Brudzynski~~ ~~Controller~~

~~QUARTERLY REPORTS ON FORM~~
~~10-Q FOR THE QUARTER~~
~~ENDED JUNE 30, 2000~~


~~DTE ENERGY COMPANY~~		~~File No. 1-11607~~

~~THE DETROIT EDISON COMPANY~~		~~File No. 1-2198~~

~~EXHIBIT INDEX~~


~~(i)~~		~~Exhibits filed herewith.~~


~~Exhibit~~ ~~Number~~
~~11-19 -~~		~~DTE Energy Company Basic and Diluted Earnings Per Share of Common Stock.~~

~~12-24 -~~		~~DTE Energy Company Computation of Ratio of Earnings to Fixed Charges.~~

~~12-25 -~~		~~The Detroit Edison Company Computation of Ratio of Earnings to Fixed Charges.~~

~~15-14 -~~		~~Awareness Letter of Deloitte & Touche LLP regarding their report dated August 9, 2000.~~

~~27-35 -~~		~~Financial Data Schedule for the period ended June 30, 2000 for DTE Energy Company.~~

~~27-36 -~~		~~Financial Data Schedule for the period ended June 30, 2000 for The Detroit Edison Company.~~

~~(ii)~~		~~Exhibits incorporated herein by reference. See Page Nos. __ through __ for location of exhibits incorporated 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.)~~

~~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. 2 78941~~




~~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~~




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).


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.)






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).






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






		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.)






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.

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

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.

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.






		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.)


	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






	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~~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).


~~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).~~

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~~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.)






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).






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






		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.)


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 ~~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.

•		~~File an application to unbundle its commercial and industrial rates by June 5, 2001,~~

•		~~Join a FERC approved Regional Transmission Organization (RTO) or divest its interest in transmission by December 31, 2001,~~

•		~~Continue to provide service to customers who wish to take service from Detroit Edison, and~~

•		~~Establish a worker transition program for workers that might be displaced.~~


			Assuming A 10%		Assuming A 10%
			Increase in Rates		Decrease in Rates

			(Millions)
Interest Rate Risk




	Interest Rate Sensitive Forward Starting Swap – 5-year		$	6.7	$	(7.7	)




		– 10-year		20.4		(32.7	)




	Treasury Lock – 10-year			2.0		(2.1	)




		– 30-year		11.6		(12.9	)

~~(a)~~		~~The annual meeting of the holders of Common Stock of the Company was held on April 14, 2000. Proxies for the meeting were solicited pursuant to Regulation 14(a).~~




~~(b)~~		~~There was no solicitation in opposition to the Board of Directors’ nominees, as listed in the proxy statement, for directors to be elected at the meeting and all such nominees were elected.~~




		~~The terms of the previously elected seven directors listed below continue until the annual meeting dates shown after each name:~~


			Total Vote
	Total Vote		Withheld
	For Each		from Each
	Director		Director
William C. Brooks		108,382,802		2,670,280




John E. Lobbia		108,391,253		2,670,446




Eugene A. Miller		108,541,071		2,512,011




Charles W. Pryor, Jr.		108,518,183		2,534,899

THE DETROIT EDISON COMPANY
(Registrant)

November 13, 2000

/s/ SUSAN M. BEALE
Susan M. Beale
Vice President and Corporate Secretary

November 13, 2000

/s/ DANIEL G. BRUDZYNSKI
Daniel G. Brudzynski
Controller