DTE Energy Resumes Production at Five of Nine Idled Synfuel Facilities.
DTE Energy today said it is resuming production at five of the nine synfuel facilities idled in May, citing the recent decline in oil prices.
DTE Energy idled all of its synfuel facilities in May due to the level and volatility of oil prices. The company said future changes in the level or volatility of oil prices could lead it to further adjust production at some or all of its synfuel facilities.
The company's 2006 operating earnings guidance, excluding synfuels, remains $2.41-$2.66 per diluted share.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan; MichCon, a natural gas utility serving 1.3 million customers in Michigan; and other non-utility, energy businesses focused on power and industrial projects, fuel transportation and marketing, and unconventional gas production.
Information about DTE Energy is available at dteenergy.com.
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|Date:||Sep 18, 2006|
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