DETROIT – DTE Energy is resuming production at five of its nine synfuel facilities that had been idled since May due to the recent decline in oil prices.
The company said future changes in the level or
volatility of oil prices could lead DTE to further adjust production
at some or all of its synfuel facilities.
The energy company also reiterated its 2006 operating earnings forecast, excluding synfuels, of $2.41 to $2.66 per share.
DTE 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.
