DTE Electric Investor Presentation Deck
Reconciliation of reported to operating earnings (non-GAAP)
Use of Operating Earnings Information Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. DTE Energy
management believes that operating earnings provide a more meaningful representation of the company's earnings from ongoing operations and uses operating earnings
as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure
performance against budget and to report to the Board of Directors.
In this presentation, DTE Energy provides guidance for future period operating earnings. It is likely that certain items that impact the company's future period reported
results will be excluded from operating results. A reconciliation to the comparable future period reported earnings is not provided because it is not possible to provide a
reliable forecast of specific line items (i.e., future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate
significantly from period to period and may have a significant impact on reported earnings.
Definition of net zero
Collective efforts to reduce the carbon emissions of DTE Energy's utility operations and gas suppliers, as well as efforts to offset an amount equivalent to any remaining
emissions. Progress towards this goal is estimated and may vary from the calculations of other utility businesses with similar targets. Carbon emissions is defined as
emissions of carbon containing compounds, including carbon dioxide and methane, that are identified as greenhouse gases.
DTE
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